202 Global Mobile Game Market Report: Valued at 98 billion U.S. dollars in 2020, and the mobile game market is expected to grow to 272 billion U.S. dollars by 2030-ResearchAndMarkets.com – QNT Press Release

This “Mobile Games-Special Studies” Report has been added to ResearchAndMarkets.com provide.

The scale of the mobile game market has surpassed that of the console and PC game markets combined, accounting for nearly 57% of the global $173 billion video game revenue in 2020. By 2020, the mobile game market will be worth 98 billion U.S. dollars, and by 2030, the mobile game market will grow to 272 billion U.S. dollars. According to the publisher’s forecast, the annual growth rate (CAGR) during this period is 11%.

Main highlights

  • Traditional console and PC game publishers such as Activision Blizzard and Electronic Arts are paying more and more attention to mobile games because of its popularity among gamers around the world and its rich revenue opportunities. They compete with companies that mainly focus on mobile games, such as Tencent, Ocean and Perfect World. Social media platforms (such as Bytedance) and online advertisers (such as AppLovin) are also entering the mobile game publishing arena.

  • The 5G network allows faster downloading of games than the current 4G network, and contributes to the development of mobile-based cloud gaming services and augmented reality (AR) games. With the ability to support millions of devices within one square kilometer, 5G…

The full story on Benzinga.com

Source link

Recommended For You

About the Author: Brand Story