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.

Request a free sample Global Mobile Game Market

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. 

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to inv
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B
Read more