Mobile Game Market Size & Global Industry Forecast Report, 2020-2027

 


Global Mobile Game Market

The GMI Research report affirms that the Mobile Game Market will boom over the forecast period. The easy availability of the internet and the surging consciousness concerned with e-sports among players will drive the market growth.

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Mobile Game Market Dynamics

The increasing introduction of mobile games and the accelerating penetration of the internet and smartphones are the chief forces responsible for the growth of the global mobile game market. The intensified investment by giant organizations in the gaming industry will bring huge opportunities for the market. Electronic Arts, in 2020, entered into a deal with Nexon Korea to introduce a new game, "FIFA Mobile," in South Korea. Electronic Arts mainly aims to establish FIFA Mobile game to proffer a cultured football experience through mobile phones. In addition, Tencent, in 2020, declared the launch of a mobile game known as Wandering Mountains and Seas, in which the players were provided with the ability to initiate diverse maps. Further, as per the Global Mobile Gaming Market Report, the increasing application of the internet, smartphones, and the adjustability for in-game payment modes has significantly enlarged the gaming sector, which in turn is persuading the mobile game market growth. For example, in 2019, Saudi Arabia gauged nearly 32.2 million internet users till January 2020, and nearly 40.2 million mobile connections, with an increase of 0.09% from January 2019.

Further, the government across different economies is largely focussing on initiating several strategic initiatives to encourage the gaming industry. For instance, the UK government initiated the UK Games Fund totaling Euro 4 million wealth for the allocation as allowances among the game development companies. Besides this, Special tax relief helps the video game organizations by providing them authorization to claim to support up to 20% of the cost of the establishment of a new game. Besides this, the government also launched the UK Games Talent Initiative to tutor final year students in order to prepare them and make a precious engagement to the industry.

Moreover, the leading giants in the market are increasingly emphasizing technological innovations in mobile and thus are increasingly investing in research and development activities. The effectuation of cloud computing in mobile games has expanded cloud gaming, which is indirectly adding to the market growth. The initiation of facial identification technology, virtual reality, 3D scanning will generate the Mobile Games Market Size.

However, the rising agitation towards safety among the government of several nations and the surging incidences of data breaches will negatively influence the market growth. For example, the Indian Government, in 2020, suppressed PUBG due to the rising safety concerns..

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions. 

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