ReportLinker recently issued a market research report indicating that the Global Mobile Gaming Market is projected to reach $175.3 Billion by 2027. The global market for Mobile Gaming was estimated at $79.8 Billion in the year 2020. The continued expansion of the market is estimated to be at a CAGR (Compound Annual Growth Rate) of 11.9% for the period of 2020-2027.
Numerous elements, including the devices’ accessibility, relative affordability, and the wide range of monetization methods, contribute to the success of mobile gaming.
Smartphones, one of the segments analyzed in the report, is projected to record 12.5% CAGR and reach US$151.9 Billion by the end of the analysis period. Considering the ongoing post-pandemic recovery, growth in the Other Devices segment is readjusted to a revised 8.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $17.7 Billion, While China is Forecast to Grow at 14.8% CAGR
The Mobile Gaming market in the U.S. is estimated at US$17.7 Billion in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$39.2 Billion by the year 2027 trailing a CAGR of 14.8% over the analysis period 2020 to 2027. The growth in China is particularly interesting to note given current government policies towards curtailing adolescent and teenager gaming.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 10.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.5% CAGR.
Select Competitors (Total 262 Featured)
The full report featured data acquired from 262 companies. Some of the notable companies that were featured in the study include Activision Blizzard Inc. Bandai Namco Entertainment Inc. CyberAgent Inc. Disney Mobile Electronic Arts, Inc. Gameloft SE GungHo Online Entertainment Inc. Microsoft Corp. NCSoft Corporation NetEase Inc. Netmarble Corp. Nexon Co., Ltd Niantic Inc. Nintendo Square Enix Holdings Co., Ltd. TakeTwo Interactive Tencent Holdings Ltd. The Walt Disney Co. Ubisoft Entertainment Zynga