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Mobile Gaming Market Trends And The Expected Future Developments

Personal_Finance / Gambling Sep 19, 2020 - 09:57 AM GMT

By: Submissions

Personal_Finance

Mobile gaming figures show that over 50% of global video game revenue comes from mobile games and is the fastest-growing source of revenue in the video game industry. Owing to several reasons this huge growth was made possible. Technological developments have also significantly contributed to pushing forward the mobile gaming industry. Continuous technological advancement such as AR, VR and Sensor Technology has provided mobile gaming users with an improved gameplay experience with things like realistic graphics and real-time data. Looking at current trends in the mobile gaming industry, it is crystal clear that there has been an explosive growth of mobile gaming and is not slowing down anytime soon.


The Gaming Phenomenon

Almost all over the world, time spent on mobile devices has outpaced that of television. Apps are the new prime time, and games have grabbed the lion’s share. Even mobile casinos like Monster casino mobile casino have grabbed the attention of the current player strata.

Games are played by almost every demographic stratum of society, from casual games to the recent rise of the wildly popular hyper-casual genre of games that are quick to download, easy to play and lend themselves to be played in short sessions throughout the day.

With these demographic geographic and consumer shifts in the mobile ecosystem and entertainment landscape, it is no surprise that the game space is gaining more attention and investment, not only from within the industry but more recently from traditional financial markets and even from governments.

Government intervention

Most recently, policymakers are recognising the gaming industry's capacity and scope and making steps toward their investment. We see governments setting up funds to promote local gaming companies, offering incentives for gaming studios to grow and maintain their artistic, technical, and local workers as well as initiatives aimed at attracting international talent.

Support is coming from all levels

The evolution of investment in the gaming space is reflective of mobile gaming's stratospheric growth, massive revenue, high user engagement and wide demographic and geographic scope. With the global games industry expected to be worth a quarter of a trillion dollars by 2023, it comes as no surprise that the various players around the world have finally recognised their true potential and embraced the entire gaming ecosystem.

Mobile gaming industry trends you can expect soon

  • 5G will continue to power advancements in cloud gaming

2019 was the year that marked the beginning of the transition towards global 5G adoption. 2020 may or may not be the year 5G truly becomes mainstream but one thing’s for sure, 5G will continue to power the latest advancement in the gaming ecosystem: cloud gaming.

  • Revenue of Mobile Gaming is Outrunning The PC Gaming

Ultimately, it is expected that the PC gaming market share will continue shrinking over the next few years, dipping below 20% by 2022.

  • Cloud gaming will expand the range of possible gaming experiences

While it’s unlikely cloud gaming will replace consoles and PCs or convert a new audience of casual gamers to more traditionally AAA titles, every cloud has a silver lining. Like other new formats and vehicles for enjoying games have done in the past, it can be expected that cloud gaming will add another stratum to the market.

  • Hyper-casual will establish itself as its genre

The hyper-casual genre has just about peaked and in coming years the genre will surely stabilize as users are no longer as susceptible to the aggressive ad campaigns as they were in the past.

By Varun Varun

© 2020 Copyright Varun Varun - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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