The “Mobile Gaming Market – Growth, Trends and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
The mobile gaming market is expected to register a CAGR of 14% during the forecast period, 2020-2025. The growing smartphone penetration and technology advancement with the increasing adoption of trending technologies for developing games are major factors in developing the mobile gaming industry.
The gaming industry worldwide is expanding, and the smartphone is playing a significant role in this expansion. The development of mobile games has resulted in scalability for the gaming industry. Platforms, like Facebook and Instagram, have also started to develop innovative mobile games, to ensure high product differentiation and benefit from engaging games to enhance their advertisement strategies.
The total hours spent on games continues to grow nearly 8-10% year-over-year. According to App Annie data, by 2020, mobile ad spending will cross USD 240 billion globally. The users are expected to spend 674 billion hours in the entertainment and video player and editor categories worldwide on Android phones, by 2020.
Despite geopolitical tensions, the growing smartphone penetration and increasing gaming options are also growing mobile gaming penetration in many parts of the world. For instance, in Iran, a population of 82 million and a smartphone penetration rate of about 35% in 2018, there are more than 30 million active mobile gaming players in the country, according to White Designers Game Studios.
Trends, such as