According to Goldstein Research “Growing number of smartphone users and emerging technologies such as virtual reality has significantly augmented the growth of global mobile gaming market. The mobile gaming market is also driven by the new categories of gaming such as VR games and Esports. ,
PokemonGo, Clash of Clans and Monster Strike are the some of the blockbuster games that provided the boost to the market growth.
Browse Full Report: Mobile Gaming Market
The global mobile gaming market is segmented based on operating system, by devices and by game genre. Device segment is further bifurcated into smartphones and tablets. Smartphone games are expected to be the largest segment with more than 68% market share in 2016, growing at a 22% year-on-year to reach USD 35.3 billion by the end of forecast period.
Based on the operating system, Android operating system accounted for the largest market share in global mobile gaming market. On the other hand, iOS operating system accounted for 18% market share of the global mobile gaming market and is expected to reach over 23% during the forecast period.
Asia-Pacific is the largest region for mobile gaming market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. Asia-Pacific mobile gaming market valued USD 16.2 billion in 2016 and is estimated to reach USD 26.1 billion by 2024. China is expected to dominate the mobile gaming market followed by Japan, collectively accounting for more than 40% share in global mobile gaming market.
Virtual Reality Gaming: Opportunity
2016 has been a breakthrough year for the VR mobile gaming, with a wide range of software and hardware becoming available in the global market. VR technology and widespread adoption of smartphones is going to accelerate the growth of mobile gaming market altogether. Moreover, with further advancement in VR technology mobile gaming industry is going to benefit significantly in coming years.
Global Mobile Gaming Market Outlook
This market outlook contains a detailed overview of the global mobile gaming market in terms of market segmentation by operating system type, by device type and by game genre.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Mobile Gaming Market Report also provides a competitive outlook of some of the major players which includes profiling of companies such as Tencent, Electronic Arts, Activision Blizzard, Nintendo, Ubisoft, Zynga, TakeTwo Interactive, Glu Mobile Inc. etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global mobile gaming market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda