Mobile game industry is growing at a rapid pace. The current market size of the mobile games in India is $100 million and it will be $3 billion by 2024. Games like Pokemon go, Clash Royale, Angry Birds are some of the top grossing games in the country. With increasing competition among players for attention span on mobile devices, developers are coming up with new ways to engage them through features such as augmented reality, live streaming etcetera that also adds to their monetization potentials.
The growth in the mobile game industry can be attributed to various factors such as increasing smartphone penetration, growing youth population, increase in disposable income and rising trend of online gaming. With the advent of new technologies such as augmented reality (AR), virtual reality (VR) and artificial intelligence (AI), the mobile game industry is expected to grow at a faster pace in the coming years. In India, AR/VR market is estimated to grow from $209 million in 2018 to $11.81 billion by 2023, according to a report by Statista.
Due to these reasons, many global companies are eyeing India as a potential market for their mobile games. For instance, Chinese internet giant Tencent has announced plans to invest up to Rs. 2000 crore in developing games for the Indian market. This shows the growing demand of mobile game apps on Google Play Store and Apple App Store among gamers across India, US & Australia. Mobile gaming sector is expanding with increases in download times due to enhanced broadband penetration throughout various regions of the country especially tier II cities where online shopping trends are also increasing rapidly.
The future of mobile game industry looks bright with the increasing demand for new and innovative games among gamers. With the advent of new technologies, we can expect even more exciting and engaging games in the near future. So, stay tuned
The growth in the mobile game industry can be attributed to various factors such as increasing smartphone penetration, growing youth population, increase in disposable income and rising trend of online gaming.In India, AR/VR market is estimated to grow from $209 million in 2018 to $11.81 billion by 2023, according to a report by Statista. Due to these reasons, many global companies are eyeing India as a potential market for their mobile games. For instance, Chinese internet giant Tencent has announced plans to invest up to Rs. 2000 crore in developing games for the Indian market.
Mobile gaming sector is expanding with increases in download times due to enhanced broadband penetration throughout various regions of the country especially tier II cities where online shopping trends are also increasing rapidly.
With the advent of new technologies such as augmented reality (AR), virtual reality (VR) and artificial intelligence (AI), the mobile game industry is expected to grow at a faster pace in the coming years. In India, AR/VR market is estimated to grow from $209 million in 2018 to $11.81 billion by 2023, according to a report by Statista.
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The mobile game industry is booming with more and more people downloading games on their smartphones and tablets. In fact, the global mobile gaming market is expected to grow from $52.51 billion in 2017 to $81.50 billion by 2021, according to a report by Statista . This growth can be seen especiallyin the country. With increasing competition among players for attention span on mobile devices, developers are coming up with new ways to engage them through features such as augmented reality, live streaming etcetera that also adds to their monetization revenue. In India, the mobile gaming industry is expected to grow from $209 million in 2018 to $11.81 billion by 2023, according to a report by Statista . Here are some factors that contribute towards this growth:
– Increasing smartphone penetration due to which more people have access to online games.- Growing youth population with high disposable income and propensity for entertainment products such as video games.- Rising trend of social media usage among gamers through platforms like Twitch TV where they can stream their gameplay or watch others play.– With increasing internet speed especially broadband services across rural areas of the country, users prefer playing on their smartphones rather than personal computers (PCs). In addition, lack of physical space inside tier II cities has led many people opt out PC based gaming in favour of mobile devices.
– Due to these reasons, many global companies are eyeing India as a potential market for their mobile games. For instance, Chinese internet giant Tencent has announced plans to invest up to Rs. 2000 crore in developing games for the Indian market. The future of mobile game industry looks bright with the increasing demand for new and innovative games among gamers. With the advent of new technologies such as augmented reality (AR), virtual reality (VR) and artificial intelligence (AI), the mobile game industry is expected to grow at a faster pace in the coming years. Click to Tweet This Blog Post & Increase Traffic.
Conclusion: The mobile game industry has evolved so much over the past few years. And now, with augmented reality and virtual reality technologies on the horizon, it’s likely that gaming will become even more immersive in 2020 than it is today. As technology advances to make gaming experiences better for users who want to immerse themselves into their games like never before, there are also new challenges preventing growth of this industry as well. Whether you’re an avid gamer or someone who hasn’t touched a video game since Pong was released decades ago, we hope you’ll share your thoughts about what the future may hold for mobile gaming.
