Mobile gaming has become the largest and fastest-growing segment in the gaming industry, generating $77 billion in global sales in 2020, accounting for 51% of the total global gaming revenue. This growth can be attributed to the widespread availability of high-speed internet and affordable smartphones, app stores, and the growing popularity of social media platforms. The COVID-19 pandemic has further accelerated the growth of mobile gaming, as people spent more time indoors and turned to mobile games for entertainment. This growth trajectory is expected to continue, with game developers focusing on creating more immersive and engaging mobile games that leverage emerging technologies.
Mobile gaming dominates with $77 billion in global sales
According to the latest market research, mobile gaming has emerged as the largest and fastest-growing segment in the gaming industry, generating a staggering $77 billion in global sales in 2020. This figure accounts for 51% of the total global gaming revenue and is expected to continue growing at a compound annual growth rate (CAGR) of 10.5% between 2021-2026.
The rise of mobile gaming
The rise of mobile gaming can be attributed to several factors, such as the widespread availability of high-speed internet and affordable smartphones, the proliferation of app stores, and the growing popularity of social media platforms. This has resulted in a massive audience for mobile games, with an estimated 2.7 billion mobile gamers worldwide.
The impact of the COVID-19 pandemic
The COVID-19 pandemic has further accelerated the growth of the mobile gaming industry, as people spent more time indoors and turned to mobile games for entertainment. According to a report by App Annie, mobile gaming saw a 30% increase in usage during the pandemic, with mobile gamers spending an average of 4 hours a week playing games.
The top-grossing mobile games
The top-grossing mobile games in 2020 were dominated by titles from Tencent, NetEase, and Activision Blizzard, who collectively accounted for 40% of the total revenue. Among the top-grossing games were Honor of Kings, PUBG Mobile, Genshin Impact, Call of Duty: Mobile, and Roblox.
The future of mobile gaming
The future of mobile gaming looks bright, with the industry expected to continue its growth trajectory in the coming years. The increasing popularity of mobile gaming has also prompted game developers to focus on creating more immersive and engaging mobile games that leverage emerging technologies such as artificial intelligence, augmented reality, and virtual reality.
Conclusion
In conclusion, mobile gaming has emerged as a dominant force in the gaming industry, generating a massive $77 billion in global sales in 2020. The industry’s growth is expected to continue, with mobile gaming poised to become the largest segment in the gaming industry in the coming years.