The Mobile Games Market Is The Next Big Thing

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The Mobile Games Market Is The Next Big Thing

August 26
21:26 2020
“Mobile games are taking over computer games and the whole gaming market while generating amazing revenues.”

Mobile Games are the driving force behind revenue generation for the entire gaming industry. The mobile games market reports include information about the different kinds of gamers, genres of different mobile games, and their promotion methods. In terms of regional analysis, the report is segmented into North America, Europe, and Asia-Pacific.

The global mobile games market has witnessed substantial growth over the past years as a result of a shift of gamers from consoles and pre-installed computer games toward games on smartphones and tablets. This shift is one that had, in fact, been predicted.

The growing popularity of online games on mobile platforms has begun to gain prominence at the expense of online computer games. The increased proliferation of smartphones and tablets has made access to the internet simpler, creating a vast opportunity for application and game developers in the mobile games market.

The low monetization rate of players is, however, a challenge faced by mobile game developers over the forecast period, as only a marginal percentage of gamers pay for full-versions of games.The basic revenue model that mobile games and application developers follow is earnings through game purchases, in-game purchases, and advertisements.

The mobile games market can be segmented on the basis of the devices and operating system. Based on devices, the market can be bifurcated into smartphones and tablets. Android, iOS, and Windows are three major OS platforms on which mobile games are developed. Although Android OS accounts for a significant volume of game downloads, iOS is expected to generate higher revenue owing to the paid nature of applications and games.

As at the end of 2019, the global gaming market isestimated to be worth $152 billion, with 45% of that, $68.5 billion, coming directly from mobile games. Today, mobile games account for 33% of all app downloads, 74% of consumer spend, and 10% of all time spent in-app. It’s predicted that in 2019, 2.4 billion people will play mobile games around the world — that’s almost one-third of the global population. In fact, 50% of mobile app users play games, making this app category as popular as music apps like Spotify and Apple Music, and second only to social media and communications apps in terms of time spent.

The mobile games market is growing at a fast speed (52% during 2016, according to Newzoo), making it a truly a global area of business. The mobile games market is indeed the next big thing!

About the Company

RedMoonpie is a mobile games website where users can download the best Mods for Android/ iOS games.The siteprovides modified versions of the original game so that users will have unlimited resources and unlock all the in-game items. The modified versions contained on the site are easy to install and use.

The platform also provides updated reviews of games and applications to assist gamers to make their games and applications download choices.

Media Contact
Company Name: RedMoonPie
Contact Person: Blanche Kim
Email: Send Email
Phone: (716) 863-8342
Address:4452 Robinson Court
City: Saginaw
State: MI 48601
Country: United States

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