Press release
Smart Phone/Tablet Games Market Size Forecasted To Achieve $209.64 Billion By 2029 With Steady Growth
Smart Phone/Tablet Games
What Is the Smart Phone/Tablet Games Market Size and Projected Growth Rate?
The smart phone/tablet games market has expanded quickly in recent years. It will grow from $87.6 billion in 2024 to $104.8 billion in 2025 at a compound annual growth rate (CAGR) of 19.6%. This growth can be attributed to the increasing use of smart devices, app stores, the freemium business model, casual gaming trends, and social media integration.
The smart phone/tablet games market is poised for rapid expansion, expected to reach $209.64 billion by 2029 with a CAGR of 18.9%. Drivers of this growth include hardware innovations, 5G access, AR/VR capabilities, and cloud-based platforms. Major trends involve immersive AR/VR experiences, monetization through microtransactions, blockchain and NFT integration, and environmentally responsible gaming.
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What Are the Major Segments in the Smart Phone/Tablet Games Market?
The smart phone/tablet games market covered in this report is segmented -
1) By Game Type: Shooter, Action, Sports Games, Role-Playing, Adventure, Racing, Fighting, Strategy, Other Game Types
2) By Device: Smartphone, Tablet
3) By Application: iOS User, Android User
Subsegments:
1) By Shooter: First-person Shooters (FPS), Third-person Shooters
2) By Action: Platformers, Beat 'em Ups
3) By Sports Games: Football/Soccer Games, Basketball Games, Tennis and Other Sports Simulations
4) By Role-Playing: Action RPGs, Turn-based RPGs, Massively Multiplayer Online RPGs (MMORPGs)
5) By Adventure: Narrative-driven Games, Puzzle Adventure Games
6) By Racing: Arcade Racing Games, Simulation Racing Games
7) By Fighting: Traditional Fighting Games, Multiplayer Fighting Brawlers
8) By Strategy: Real-time Strategy (RTS), Turn-based Strategy, Tower Defense
9) By Other Game Types: Puzzle Games, Casual Games, Educational Games
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What Are The Driving Smart Phone/Tablet Games Market Evolution?
The rise in affordable gaming smartphones and tablets is boosting the smartphone/tablet gaming industry. New, cost-effective gaming devices outperform older models, offering better frame rates and an enhanced gaming experience. Brands like Xiaomi and Honor are offering high-performance gaming smartphones under $500, further driving the market.
Which Firms Dominate The Smart Phone/Tablet Games Market Segments?
Major companies operating in the smart phone/tablet games market include Tencent Holdings Ltd., Sony Corporation, Electronic Arts Inc., Nintendo Co Ltd., Netmarble, CyberAgent Inc., Mixi Inc., Zynga Inc., Supercell Oy, Machine Zone Inc., King Digital Entertainment, Com2uS Corporation, Niantic Inc., Bandai Namco Entertainment Inc., NEXON Games Co Ltd., Square Enix Holdings Co Ltd., Warner Bros Entertainment Inc., Pocket Games, Playrix Holding Ltd., IGG Inc., Miniclip SA, NCSoft Corporation, Peak Games, Jam City Inc., NetEase Inc., Glu Mobile LLC, Gameloft SE, Rovia LLC, Ubisoft Entertainment SA, Epic Games Inc.
What Trends Are Driving Growth in The Smart Phone/Tablet Games Market?
In the smartphone/tablet games market, companies are focused on developing advanced chip technology to enhance mobile gaming experiences. These chips are designed to improve graphic rendering, perform rapid computations, and allow multitasking, resulting in smoother gameplay and realistic visuals. For example, in June 2022, Arm Ltd., a UK-based semiconductor company, introduced new GPU and CPU designs to improve mobile gaming performance, providing better graphics and energy efficiency for mobile devices.
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Which Is The Largest Region In The Smart Phone/Tablet Games Market?
Asia-Pacific was the largest region in the smartphone/tablet games market in 2023. North America was the second largest region if the smart phone/tablet games market. The regions covered in the smart phone/tablet games market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Phone/Tablet Games Market?
2. What is the CAGR expected in the Smart Phone/Tablet Games Market?
3. What Are the Key Innovations Transforming the Smart Phone/Tablet Games Industry?
4. Which Region Is Leading the Smart Phone/Tablet Games Market?
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