Amidst Covid-19 Challenges and Changing Regulations, Mobile Gaming Market Continues Expand Globally

TOKYO, Japan - April 12, 2023 - PRLog -- The mobile gaming industry has emerged as the fastest-growing segment in the online gaming market, with a low entry barrier and less room for delays in developing and processing due to Covid-19. This makes it a more cost-effective opportunity for developers, gamers, and publishers alike. As more people embrace smartphones, the market for mobile games is projected to grow, given the increase in social media use, internet usage, simpler communication, more affordable phones with better features, and a rise in social status and income, among other reasons. The demand for mobile gaming is expected to significantly expand due to the frequency with which people use their smartphones for leisure activities like playing games.

During the COVID-19 pandemic, the gaming industry faced many challenges and saw a remarkable increase in consumer demand. According to Verizon, online gaming traffic increased by 75% during peak hours, in contrast to a 12% increase in digital video traffic and a 20% increase in web traffic.

The report "Mobile Gaming Market Report 2023-2028: Global Trends and Forecast by Source, Gamers Population, Expenditure on Gaming, and Regional break-up" by Makreo Research analyzes the global mobile gaming market. It covers the ad spend on mobile gaming, mobile gaming by source, the popularity of sports betting, and China heading the demand of mobile gaming, with more than 670 million gamers. The report also discusses regulations in the gaming industry, with various countries taking measures to ensure players partake in this form of entertainment responsibly.

Despite regulations, the mobile gaming industry continues to grow globally, with the highest revenue coming from the Apple app store (iOS) and the highest downloads from the Google Play store. Other countries like India, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam also have high potential for growth in the mobile gaming industry. The eSports industry has also seen tremendous growth in terms of spectators and revenue, with venture capitalists and private equity firms showing increasing interest in the sector. Overall, the mobile gaming market shows no signs of slowing down and is expected to continue expanding in the coming years.

Find out more:- Mobile Gaming Market Report (2023-2028) (https://www.makreo.com/report/mobile-gaming-market-report...)