Global Mobile Gaming Market 2020-2024 | Emergence of Mobile Cloud Video Gaming to Boost Growth
LONDON–(BUSINESS WIRE)–Nov 26, 2019–
The global mobile gaming market is expected to post an incremental growth of USD 44.64 billion during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global mobile gaming market 2020-2024. (Graphic: Business Wire)
The growing popularity of AR games such as Pokemon Go, Ingress, and Sharks in the Park, is encouraging market vendors to introduce new AR mobile games. Prominent market players such as Microsoft, Google LLC, Apple Inc., Sony Corp., and others are making significant investments to incorporate AR technology into their gaming solutions to enhance the gaming experience. In addition, factors such as the growing use of smartphones and tablets, increasing penetration of internet, and the integration of AR technology into mobile devices has further increased the adoption of AR games, which is driving the growth of the market.
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As per Technavio, the emergence of mobile cloud video gaming will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.
Global Mobile Gaming Market: Emergence of Mobile Cloud Video Gaming
Vendors in the market are partnering with telecommunication service providers and gaming service providers to launch mobile cloud video games. These games eliminate the need for high-quality graphic cards, processors, and regular upgrades. They allow users to avail gaming experience even on mobile devices with limited storage and processing capabilities. Thus, the advent of mobile cloud video gaming is expected to boost market growth during the forecast period.
“Growth of free-to-play mobile games and the rising popularity of e-sports will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Mobile Gaming Market: Segmentation Analysis
This market report segments the global mobile gaming market by geography (APAC, Europe, MEA, North America, and South America) and platform (online and offline).
The APAC region led the market in 2019, followed by North America, Europe, MEA, and South America respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market. This is due to the rising number of strategic partnerships and acquisitions in the region. However, the North American region is expected to witness the highest incremental growth over the forecast period due to rising investments in e-sports arenas.
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Some of the key topics covered in the report include:
Five Forces Analysis
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SOURCE: Technavio Research
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