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%, according to 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 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 other factors.
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 truly immersive gaming experiences.
In the mid-2010s, CEO David Guo (Yaoqi Guo) recognized 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 innovation, plus the breakout success of Evony, proved 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 the intersection of several key market-leading trends: entertainment, interactive media, and social engagement.
In launching new game projects, TPI assesses market demand, innovation potential, and alignment with our core principles. We identify market opportunities to provide distinct value, prioritizing innovative gameplay, narrative, and technology integration. Each project must resonate with our mission of enhancing user enjoyment and community building. Our company adopts a lean approach, rapidly developing a Minimum Viable Product (MVP) and testing it in specific markets that reflect global demographics. This allows us to innovate responsibly and learn from each project without our team feeling that failure will doom them. We believe that growth is essential for survival and thriving, and the only way to achieve this is by pushing ourselves beyond our current capabilities and knowledge.
