With a compound annual growth rate (CAGR) of 15.04 percent, the global market for mobile gaming is anticipated to increase from $101.21 billion in 2021 to $116.43 billion in 2022. The market for mobile gaming is anticipated to reach $209.12 billion in 2026, growing at a compound yearly growth rate of 15.77%. the most recent report from ReportLinker, “Mobile Gaming Global Market Report 2022.”
An increase in smartphone penetration drives the growth of the mobile gaming market.
smartphone penetration is growing and, thus, will drive the growth of the mobile gaming market.
The growing smartphone penetration is expected to drive the growth of the mobile gaming market. Smartphone usage is growing due to various reasons such as growing internet penetration, increasing use of social media, the convenience of communication, affordability of phones with improved features, social status, rising income, dependency on phones, and others.
Technology advancement is a key trend gaining popularity in the mobile gaming market. The market is witnessing the integration of virtual reality (VR) and augmented reality (AR) technologies in mobile gaming for really immersive gaming experiences.
In the mid-2010s, CEO David Guo could see that video games were no longer limited to desktops. More and more people were beginning to enjoy them on their mobile devices. Top Games offered a calibrated platform where players could enjoy lifelike images without the lag. This twist plus the breakout success of Evony proved to be beneficial for its popularity and, ultimately, its annual revenue.
A view on “How would you advise someone looking to advance in the game industry?”
“At TGI, I believe that our employees should work quickly to implement solutions, and I'd give that advice to anyone in the gaming industry. When you see a problem, work fast to find a way to make it better. Don't be afraid to look for issues–identifying areas that can be improved is the only way to create the best customer experience possible.”David Guo said.
gaming continues to be a “top growth sector across the tech investing landscape. This is attributed to the sector sitting at an intersection of several key market-leading trends: entertainment, interactive media, and social engagement.
Top Games Inc. plans to continue building on its popular catalog by releasing exciting titles with top-requested features, including co-op gameplay, 3-D sequencing, and real-time strategy play throughout this year. Currently, we're looking to release three new titles in the coming year. We're proud to both quickly put out new games and keep the customer experience at the forefront of all that we do.