The gaming industry is booming, with $91 billion in revenue last year alone. The growth of the mobile gaming market is staggering, and it’s expected to continue. A new report forecasts that by 2025, more than 5 billion gamers will be spending more than $200 billion on games annually.
The gaming industry has changed significantly over the last few years, with mobile gaming becoming more popular. In 2015, Android-based games surpassed those on iOS for the first time. Today, almost half of all mobile game time is spent on mobile games.
This trend will continue, according to a new report by Newzoo, which predicts that total revenue will grow to $115 billion by 2021, with an average annual growth rate of 5%. The mobile gaming market alone will reach $50 billion.
The question is, which mobile games are consumers spending their time on? The answer? The free-to-play (F2P) model. According to Newzoo, F2P mobile games will generate a whopping 90% of all mobile gaming revenue this year. By 2021, that number will drop to 90% as more full-priced games move from the app store to PC and console.
In addition, consumers are spending twice as much time playing F2P mobile games compared with premium games. By 2021, the gap will be even more significant, with F2P consumers spending five times as much time on their mobile phones. This demonstrates the power of the free-to-play model when it comes to engaging customers and encouraging them to make in-game purchases.
- The History of Mobile Gaming
- What is Mobile Gaming?
- How does mobile gaming benefit the consumer?
- How will mobile gaming change in the coming years?
- The Future of Mobile Gaming
- How can we help you in developing a mobile game?
The History of Mobile Gaming
Mobile gaming is a multi-billion dollar industry that continues to grow. Mobile games represent more than 50% of the total market, and by 2019 the mobile game revenue is expected to hit $70 billion. The reason for its success? Mobile phones are portable devices that are generally on hand at all times. This means that you can play games at any time, wherever you are—so long as you have an internet connection or 3G/4G service on your phone.
Mobile gaming is a competitive industry that has exploded in the past few years. There are over 2 million apps available on both the Apple App Store and Google Play, but only about 100 have made it to the top.
The mobile games market was worth nearly 6 billion dollars in 2015, and it shows no signs of slowing down. It’s safe to say that mobile gaming is here to stay, so if you want to get in on it before everyone else does, then this article will help you do just that!
What is Mobile Gaming?
Mobile gaming is a phenomenon that has swept across the world. It’s a market that is estimated to be worth more than $36 billion, and it doesn’t look like it will stop growing any time soon.
There are some serious concerns about whether this industry can sustain itself if it continues to grow at its current rate for much longer. But looking at how popular mobile gaming already is, these concerns seem unfounded for now. However, companies in the space should start exploring additional opportunities while they still have the chance.
Mobile gaming is a huge market, and it’s getting bigger. In 2017, mobile gaming revenue surpassed $50 billion globally, up from $30 billion the year before. Mobile gamers are also spending more time on their devices than ever before.
According to a study by Flurry Analytics, the average U.S. consumer spends 2 hours and 42 minutes per day playing games on a tablet or smartphone – that’s 24 percent higher than last year! As consumers play more games on their devices, they expect higher quality experiences – challenging them to make better decisions faster while delivering an immersive experience that keeps them.
How does mobile gaming benefit the consumer?
Mobile games are growing at an astronomical rate. Since the creation of the first iPhone, there has been a steady increase in downloads, revenue, and engagement with mobile games. Mobile gaming is now a billion-dollar industry that continues to grow every day.
With the average person playing on their phone for nearly an hour each day, it’s time for brands to start paying attention to this emerging channel. Mobile games are an incredibly effective way to reach out to your target market, as well as gather data about them. Using mobile games as a marketing tool allows you to gather user data without much hassle quickly.
By developing a mobile app for your brand, you can gather valuable information about the customer base before making any significant marketing or advertising decisions. You can collect data quickly and efficiently by simply asking gamers what they want, what they find frustrating, and what makes them excited.
If this is your first foray into mobile games, don’t forget that there are numerous ways to monetize it using in-app purchases. With in-app purchases, you can give your users free access to your game but charge them for special upgrades or extra lives, so they don’t feel cheated.
Mobile games are here to stay. Over the last few years, mobile gaming revenue has surpassed $30 billion globally, with an average annual growth rate of 5%. That number is only expected to grow as more people adopt smartphones and the PC market continues on its downward slope.
How will mobile gaming change in the coming years?
Mobile gaming on smartphones will continue to dominate for some time yet. By 2021, the market will reach $70 billion as more full-priced games move from the app store to PC and console. There has been a shift in consumer demand around gaming. With the rise of mobile gaming, gamers are now more likely to spend money on games than on actual game consoles.
Mobile gaming is a billion-dollar industry that’s growing at an exponential rate. The average consumer will spend almost as much time playing games on their phone as they use social media. The mobile gaming industry has changed dramatically over the last few years because of new technologies, which have allowed developers to create incredible immersive experiences with better graphics.
Over 1 billion people worldwide play mobile games every day, and this number continues to rise. As more people enter the market, game developers have new opportunities through innovations in technology, distribution channels, business models, gameplay mechanics, and social media.
The Future of Mobile Gaming:
Mobile games are on an upward trend that is not going to slow down anytime soon. While the market is changing, there are still plenty of opportunities for game developers.
Smartphones are growing faster than personal computers, and it doesn’t seem likely that they will stop any time soon. What’s more, mobile users are using their phones more to play games than any other activity, meaning that your mobile game has the potential to be seen by millions of people.
Mobile gaming is one of the most popular ways to spend free time when you’re not watching TV or playing video games. This makes them ideal platforms to run mobile ads and build in-game advertising in your game. This will not only attract new players and engage current ones, but it will also help improve the quality of your game and result in higher retention and daily active users.
But don’t think of mobile ads as a way to make money from your game. Think more of it as a way to build more of a community. Integrating advertising into your mobile app or game can help you better engage with your customers to feel like they are part of something special.
With the rise of eSports, mobile gamers have even more opportunities to play games competitively with others worldwide – especially with classic card games like Hearthstone.
How can Groovy Web help you in developing a mobile game that can sustain itself in the market?
We at Groovy Web strive to provide all the requirements for developing a mobile game. The biggest thing we can provide is a wide selection of high-quality graphics. Because our game developers understand that game developers need to make money, too, they give the best features that will help them create sustainable mobile games.
Groovy Web is the best mobile app development company & game app developers that can create an epic mobile apps & games with all the bells and whistles for your brand or business. Our mission is to make fun of and entertain mobile games & apps for everyone, anywhere – anytime – on any device – at any time – with friends – even by yourself!
Groovy also has a dedicated team for each genre of games (including strategy, adventure/puzzle, action/arcade, racing/sports), which is responsible for identifying trends, studying player behavior, and supervising the development process.
Groovy Web would also guide you throughout developing your own game by helping you with design aspects like color palettes, images for your background images, and even counter services if needed. With Groovy Web creating your game, you are also given the option to have an exclusive server that would be completely dedicated to your game. This not only expands the reach of your game but also ensures that it will be getting all the needed care and attention necessary to ensure its security, stability, and performance.
Hire game app developers from Groovy Web now and enter into the million-dollar industry without any hindrance.