Mobile & Handheld Gaming Market 2030 by Product Type, Technology, Monetization (Apps purchases, Paid apps, Advertising) Distribution Channel and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Information Technology | Pages : 184 Pages | Published On : Apr 2024

         
     

The Mobile & Handheld Gaming market was valued USD 156.6 Billion in 2023 and projected to reach USD 276 Billion by 2030, growing at a CAGR of 8.5% during the forecast period of 2023-2030.

Mobile & Handheld Gaming Market Size


Graph
             2019                         2023-2030      

ReportDetails
Market Size ValueUSD 156.6 Billion in 2023
Market Size ValueUSD 276 Billion by 2030
CAGRCAGR of 8.5%
Forecast Period2023-2030
Historic Data2019
Segments CoveredPlatform, Operating System, End User and Region
Geographics CoveredNorth America, Europe, Asia Pacific, and RoW

Major vendors in the global Mobile & Handheld Gaming market: 99Games Online Private Limited, Activision Blizzard, Electronic Arts (EA), Jam City, Microsoft, Moonfrog Labs, MZ (Machine Zone), N3TWORK INC, NCSOFT, Niantic, Nintendo, Octro Inc., PlaySimple Games Private Limited, Pocket Gems, PrizePicks, Roblox, SciPlay, Sony Pictures Entertainment, Ubisoft, Warner Bros. Discovery and Others.

Market Overview

The Global Mobile & handheld gaming market occupies a significant role in the contemporary gaming industry, offering convenience and quick gaming solutions to consumers with increasingly busy lifestyles. While the computer and console video games used to be the defining forms for digital gaming, mobile games have arguably established themselves as the contemporary, dominant sites for digital play. This development has been rather quick, only taking place in a timespan of couple of decades and transformative for both the contents and practices of gaming, as well as to the associated gaming technologies and business models. Simultaneously, the detachment of digital play from the fixed location in homes and dedicated video gaming arcades has spread games and play into everyday lives in an unprecedented manner. This pervasive character and ease of access in mobile gaming is connected with several social and cultural changes: suddenly almost everyone seems to own a capable gaming device, and while there has been celebration of mobile gaming helping games to “go mainstream”, there has also been concerns (both by gamers and non-gamers alike) that all the associated changes have not been only for the good.

The Mobile & handheld gaming market benefits the gaming industry by tapping into evolving consumer needs, creating opportunities for manufacturers, retailers, and suppliers to adapt and thrive. With the new generations of cellular networks (3G, 4G, 5G), powerful and relatively affordable touchscreen consumer devices, and constantly updated stream of software and services, the contemporary landscape of mobile gaming looks very different from that at the turn of the century. Its contribution to product diversification and technological advancements underscores its role as a key driver of industry evolution, making it a vital component in meeting the dynamic demands of today's consumers.

Promote skills of thinking

One of the primary drivers for the global Mobile & Handheld Gaming market is the significant shift in consumer lifestyles. The fast-paced nature of modern life has led to an increased demand for convenient and easily accessible smart devices options. Mobile Games is not limited to entertainment only, but entered in the fields of learning and treatment. In the field of Learning and Education, it is observed that learning potentials for players Games higher than non-players .It is noted in the literature that serious games can make a positive contribution .Mobile game-based learning use gameplay to strengthen the motivation to learn, engage in the acquisition of knowledge and to improve the effectiveness of learning content transfer and should mix between education and purpose entertainment to make successful. The games promote skills of thinking and planning more than assigned to content knowledge also promote problem-solving and collaboration.

Market Dynamics

Drivers:

  • Increasing adoption of smartphones
  • Availability of app store at wide range
  • Newer technology with higher data speed

Opportunities:

  • Technological Advancements
  • Growing purchasing power of consumer
  • Increasing availability of smart devices
  • Increasing demand for diverse gaming experiences

Advancements in Gaming Technologies

Technological advancements in gaming industry play a crucial role in propelling the growth of the global Mobile & handheld gaming market. Continuous developments technologies leads to the growth in smart devises. Gaming industry is a multi - million dollar industry worldwide it is growing rapidly even more then movies and music industry. Start from the Mario to the latest games in PC, Consoles or in Mobile phones there is a drastic change in graphics and animation. In this empirical research paper the researcher wants to explore the specific area of smartphones gamers and smart generation users of school & colleges due to availability of high end smartphones in different price range the gaming market is on the boom. The research paper has a series of questionnaire to find out the various aspects about the smartphones game and gamers.

 North America dominates the market for Mobile & handheld gaming.

North America stands out as the dominating region in the global Mobile & Handheld Gaming market, with the United States leading in consumption and market share. The region's dominance can be attributed to the 5G connectivity leads to growth in gaming, the highest adoption of smart devices, and increasing trend of cloud gaming services. The U.S. market particularly benefits from a diverse consumer base with a penchant for quick and convenient device options.

Asia-Pacific, and specifically India, is emerging as a key player with substantial growth potential in the Mobile & Handheld Gaming market. India's market is driven by a rising urban population, increasing disposable incomes, and a shift towards Westernized culture. The convenience factor aligns well with the fast-paced urban life in countries like India, making mobile & handheld gaming s increasingly popular. Additionally, government initiatives promoting the food processing sector and improvements in distribution channels contribute to the market's growth.

Another noteworthy region is the Middle East and Africa, where the demand for convenient gaming solutions is on the rise due to changing lifestyles and an expanding working-class population. South Africa, in particular, showcases promise as a market with high growth potential, driven by urbanization and a growing awareness of convenient mobile gaming options.

The Mobile gaming holding market in social network

While mobile games have been popular during the last decade, the 2020 pandemic gave the industry a huge spurt. According to a report, ‘63% of respondents reported an increase in gameplay time, more so in countries hard hit by COVID-19 — with an estimated 75% of the net rise in mobile gaming activity to remain after the “new normal” is established in the next two years. ’In China, which had a national lockdown much earlier than other countries, downloads of mobile games peaked at 284.3 million in February 2020. The same trend could also be seen in other regions as they entered lockdown. Since then, social mobile games have offered users worldwide a way to stay entertained and connected throughout the global pandemic. Games like Among Us in particular saw a huge increase in popularity and this could be because of how team-mates in game have to work together to complete tasks while trying to hunt out the imposters out to get them.

Major Segmentations Are Distributed as follows:

  • By Product Type
    • Smartphones
    • Virtual reality headset
    • Gaming apps
    • Gaming consoles
  • By Technology
    • Graphics Processing Units
    • Processor technology
    • Display technology
    • Cloud gaming services
    • Augmented Reality technology
  • By Monetization
    • In Apps purchases
    • Paid apps
    • Advertising
  • By Distribution Channel
    • Hypermarkets and Supermarkets
    • Conventional Store
    • Online
    • Subscription Model
    • Others
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Thailand
      • Indonesia
      • Malaysia
      • Vietnam
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Nigeria
      • Egypt
      • Israel
      • Turkey
      • Rest of Middle East & Africa

Recent Developments

  • In November 2023, The Best Handheld Game Consoles

 It is a distant memory by now, but right before the Nintendo Switch launched in 2017, it seemed like portable gaming was on its last life. Mobile games had gobbled up huge portions of the market, and most modern games required a lot of power to run on devices like the Nintendo 3DS. Fast-forward to today, and there are more ways to take your games outside the living room than ever.

  • In August 2022, Activision Blizzard makes more money from games than PC and consoles combined

Activision Blizzard released its quarterly financial report last week, which paints a picture of a bleak future for the platform hierarchy. The troubled company's revenue fell year on year thanks to plummeting PC and console sales, and now mobile games make up half its income

Mobile & Handheld Gaming Market Report Gives Answers to Following Key Questions:

  • What will be the Mobile & Handheld Gaming Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers of Mobile & Handheld Gaming Market?
  • What are the main forces behind the worldwide Mobile & Handheld Gaming Market? Which companies dominate the Mobile & Handheld Gaming Market?
  • Which companies dominate the Mobile & Handheld Gaming Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global Mobile & Handheld Gaming industry's suppliers' opportunities and dangers in Mobile & Handheld Gaming Market?
  • What is the Mobile & Handheld Gaming industry's regional sales, income, and pricing analysis? In the Mobile & Handheld Gaming Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Mobile & Handheld Gaming Market?
  • What are the main geographical areas for various industries that are anticipated to observe an astounding expansion in Mobile & Handheld Gaming Market?
  • What are the dominant revenue-generating regions for Mobile & Handheld Gaming Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Mobile & Handheld Gaming Market trends that are influencing the market's expansion?
  • Which key product categories dominate the Mobile & Handheld Gaming Market? What are the Mobile & Handheld Gaming Market’s main applications?
  • In the coming years, which Mobile & Handheld Gaming Market technology will dominate the market?

Reason to purchase this Mobile & Handheld Gaming Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Mobile & Handheld Gaming Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Mobile & Handheld Gaming Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Mobile & Handheld Gaming Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Mobile & Handheld Gaming Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Mobile & Handheld Gaming Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

Customize your Report
• Tailored advice to Drive your Performance
• Product Planning Strategy
• New Product Stratergy
• Expanded Research Scope
• Comprehensive Research
• Strategic Consulting
• Provocative and pragmatic
• Accelerate Revenue & Growth
• Evaluate the competitive landscape
• Optimize your partner network
• Analyzing industries
• Mapping trends
• Strategizing growth
• Implementing plans
A comprehensive cogent custom study with Analyzing Industries, Mapping Trends, Straterging growth & Implementing Plans. An in-depth and breadth of composite research, which gives complete support of the generation and evaluation of growth opportunities, and best practices recognition to help increase the revenue. Request a Custom Research below.
Request Customization

Covered Key Topics

Growth Opportunities

Market Growth Drivers

Leading Market Players

Company Market Share

Market Size and Growth Rate

Market Trend and Technological

Research Assistance

We will be happy to help you find what you need. Please call us or write to us:

+1 510-730-3200 (USA Number)

Email: sales@marketdigits.com