Mobile Gambling Market Overview
Market Research Future
(MRFR) expects considerable gains for the Mobile Gaming Market 2020, which is set to
race ahead at a tremendous rate between 2018 and 2023 (appraisal period). We
will provide covid-19 impact analysis with the report. The COVID-19 mobile
gaming market research offers an in-depth analysis following the coronavirus
disease outbreak.
COVID-19 Mobile Gambling
Market Structure
MRFR’s impact analysis on
covid-19 states that with more people staying at home, more games and apps are
being downloaded. Since SARS-CoV-2 is expected to continue, the demand for
social networks as well as mobile games is only presumed to skyrocket across
homes. The working from home strategy and the shutting down of universities and
schools has led to higher demand for mobile gaming. No doubt that with people
being quarantined, there is now more time to play mobile games, as a result of
which mobile games have zoomed up in the app stores and have gained top
ranking.
Get Free Sample Copy
at: https://www.marketresearchfuture.com/sample_request/5142
Considering the short
term impact, experts predict top notch growth for the gaming industry and in
turn, mobile gaming. For instance, a recent global study based on the COVID-19
analysis reveals that in the EMEA & LATAM region, mobile games have become
one of the main sources of entertainment, with close to 85% of the total
consumers in the region are now into mobile gaming to pass time during social
distancing.
Post novel coronavirus,
businesses everywhere have experienced a significant transition, where the ICT
industry can be the biggest gainer in the end. ICT is the parent industry and
its growth can directly influence the growth of the mobile gaming. With a large
number of global IT vendors digitizing their processes and spending large
amounts on collaboration tools as well as modern infrastructure, there will be
boom in remote delivery models in the future. The fast adoption of digital
transformation has been in line with the emerging mobility and cloud trends. In
a nutshell, the expanding IT industry, prevalence of the digitalization trend
and the current lockdown situation can favor the mobile gaming market, despite
the long-term impact of COVID-19.
Primary Drivers and Main
Restraints
One of the latest news in
the mobile gaming market is the partnership between Paytm First Games and
Alibaba’s Daraz in May 2020, following which a gaming app called Daraz First
Games is ready to be launched in Bangladesh. More and more market contenders
are working on leveraging the fast-growing mobile gaming industry, with product
launches in developing regions with untapped potential.
Since its inception in
the 90s, the mobile gaming industry has witnessed multiple technological
innovations and is at present, a multibillion entity that is rapidly expanding
on the back of smartphone users around the world. With more than 4 billion
mobile users worldwide and the developments in wireless technologies, smartphone
operating systems have emerged as a significant frontier of digital mobile
gaming. 5G technology, cloud gaming, and augmented and virtual reality
technology are the latest mobile gaming market trends that can lead to better
business prospects.
Widening use of tablets
and smartphones has made internet a household commodity, giving rise to a
lucrative opportunity for game developers and players in the mobile gaming
market. The key revenue model followed by the app and game developers is the
gains from game purchases and advertisements. Also, wearable devices including
Emotiv Insight, starVR, Microsoft HoloLens and HTC Vive with augmented and
virtual reality technology to enhance the gaming experience also induces market
growth worldwide.
Market Segmentation
The mobile gaming
industry broadly covers segments like type, device, and platform.
The types of mobile
gaming solutions are strategy & brain, action/adventure, sport and
role-playing games, casino, and more.
Devices on which mobile
games are players include smartphones, PDAs, tablets, and others
The platform-wise
segments considered in the report are iOS, Windows as well as Android.
Regional Study
North America, APAC or
Asia Pacific, Europe, and RoW or the rest of the world are the primary markets for
mobile gaming. The mobile gaming market size across these regions has been
carefully studied to offer an enhanced understanding of the future prospects
and growth opportunities.
North America is
projected to provide the highest growth opportunities to the players in the
years ahead, given the high popularity of e-sports, significant number of
smartphone users and the sharp internet penetration. The United States (US) is
the most profitable market for mobile gaming in the region, expanding faster
than any other country across the globe. The country holds some of the most
renowned gaming companies, like Google LLC (Google), Microsoft, Sony Corp.
(Sony), Nintendo and Apple Inc. (Apple), to name a few. These companies are
increasingly investing in the AR technology to enhance the gaming experience
and attract more gamers, which ultimately leads to substantial gains for the
regional market.
APAC can emerge as the
dark horse in the mobile gaming industry and can achieve a high growth rate in
the following years. The rising consumption of tablets, smartphones, and
various smart devices in India, South Korea and China, ensure smooth progress
for the regional market. The increasing prevalence of digitalization and the
rising uptake of cloud-based services has enhanced the multi-player experience
and also boosted the growth of the mobile gaming market in the region. India
offers a high growth potential to the players, given the expanding population
of mobile gamers. For instance, in a space of few months in 2020, Ludo King
became one of the top ranking mobile games in India. It is infused with
features such as multiplayer support as well as diverse themes that attract the
young population.
Top Contenders
Top contenders
proactively seeking a better position in the mobile gaming market
include Activision Blizzard, Inc. (US), MocoSpace (US), Tencent
Holdings Ltd. (China), Gameloft SE (France), Ubisoft Entertainment SA (France),
Google, Inc. (US), Apple, Inc. (US), Sony Corporation (Japan), Nintendo Co.
Ltd. (Japan), Glu Mobile Inc. (US), Electronic Arts Inc. (US), and more.
Some more players
operating in the industry include Playrix (Russia), Machine Zone (US), Jam
City(US), Rovio (Finland), Netmarble (South Korea), King Digital Entertainment
(US), Niantic (US), NetEase (China), Miniclip (Switzerland), Supercell
(Finland), to list a few.
Get Complete Report
Details at: https://www.marketresearchfuture.com/reports/mobile-gambling-market-5142
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research
(CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment