Press release
Mobile & Handheld Gaming Market will Rake in US$ 112 Bn in Revenues during 2016-2026
The mantra ‘Innovate or die’ could hardly be more apt than for the global mobile and handheld gaming market. It is absolutely essential to focus on the latest technologies such as wearables, game stream or VR headsets to entice customers. A number of devices including head trackers, motion sensing devices, color detection, artificial intelligence and sound sensing are but a few of the trends that should shape the mobile and handheld gaming market in the days to come. AR and VR could be considered the most recent and important as they substantially enhance the gaming experience through a highly advanced, interactive method of gaming. Augmented reality generates virtual information to improve the user’s perception. Augmented reality typically includes full body motion control sensors for a totally hands-free gaming experience. Audio-visual, graphics and interaction based AR systems enable users to interact with virtual objects in an augmented environment. For example – Microsoft’s Natal utilizes body action controls to provide a truly revolutionary, next-generation gaming experience.
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Unique graphic interfaces will continue to lure millions of mobile phone users towards the virtually-captivating realm of gaming. Even the most ardent gaming enthusiasts, who have championed several computer-based and console-based games, will also grow fond of mobile and handheld gaming. Persistence Market Research recently published its report on the global market for mobile & handheld gaming, excerpts from which project that market to grow at 10.3% CAGR and bring in over US$ 112 Bn revenues by the end of 2026.
According to Persistence Market Research’s report –
The global market for mobile & handheld gaming will witness an absolute $ opportunity of US$ 73.6 Bn between 2016 and 2026
At present, the market is valued at US$ 42.3 Bn, witnessing highest contribution from the Asia-Pacific (APAC) region
The mobile & handheld gaming market in APAC region will be the largest market, procuring more than US$ 50 Bn in revenues by 2026-end
While the mobile & handheld gaming revenues in APAC region will surge rampantly at 12.4% CAGR, North America will also showcase revenue growth at more than 9.5% CAGR
Download TOC: https://www.persistencemarketresearch.com/market-research/mobile-and-handheld-gaming-market/toc
Prominent game developers such as Activision Blizzards Inc., Nintendo Co. Ltd., Sony Corp, and Electronic Arts Inc. are profiled in the report as key players in the global mobile & handheld gaming market. Joining them are companies such as NVIDIA Corp, Microsoft Corp., Ubisoft Entertainment SA, King Digital Entertainment, Plc., Supercell Oy, and The Walt Disney Company (Disney Interactive).
Mobile & Handheld Gaming: Key Market Trends
Virtual Reality (VR) is observed as the latest trend hitting the global mobile and handheld gaming market. Game developers investing in technologies for development of VR games is a key indicative that the future of mobile & hand-held gaming. Growing popularity of VR-enabled smartphones & mobile phones and rising awareness of VR headsets are also paving way for development of groundbreaking games.
Impact of eSports is also observed as a key trend favoring the growth of mobile and handheld gaming market. Considering its benefits in the games from both developer and gamer, demand for eSport gaming is expected to advance further among mobile phone users, now that leading eSports networks such as ESPN and Fox Sports have directed their content through digital gaming platforms which offer real-time live-streaming features.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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