While thinking about the mobile gaming market, consoles and PCs come to our mind. But everything has changed a lot and the Mobile gaming industry is leading in this sector. According to the report, around 6 million people have smartphones which proppells the mobile game industry. The market share of around 53%, generating over $90 billion in revenue last year.
The data is available from Newzoo (via Android Authority). One thing is clear from this data: gaming is a larger market than consoles and PCs. It is the fastest growing sector.
Besides, the PC and console market is declining because of easing workplace restrictions. But the overall industry is growing. Popularity of games is increasing with the growth of smartphone users.
The smartphone market shows unprecedented rise since 2021. Android is the most popular smartphone in the world. It helped the developers introduce a lot of new games.
The Asia-Pacific region is the main market with $90 billion. China comes in second place $30 billion vs $15 billion from the US. Another big market is Tencent. There are fans for CODM and PUBG and Mihoyo with its Genshin Impact. The revenue from the region is $18 billion. Not only China but also places like America, Africa, and the Middle East are major markets of Mobile gaming.
Read interesting news, reviews as well as tips & tricks on TechnoBugg website, and stay updated with the latest happenings of the tech world on the go with Technobugg App. Also follow on Google News and join our Telegram channel for the latest updates.
