Long-term prospects of the mobile game industry

Long-term prospects of the mobile game industry

The mobile gaming industry is booming. In India, the mobile game market is around $100 million currently and will reach $1 billion by 2020. Some of the most popular games in the country are Pokémon Go, Clash Royale, and Angry Birds. With gamers’ attention spans on mobile devices getting shorter and shorter, developers are coming up with new ways to engage them, like augmented reality, live streaming, and other features that increase their monetization potential.

Growing smartphone penetration, growing youth population, increasing disposable income, and the rising trend of online gaming are all contributing to the growth of the mobile gaming industry. The mobile gaming industry is expected to grow at a faster rate over the next few years, driven by new technologies such as Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI). According to Statista, the AR/VR industry in India is expected to grow from $209 million in 2018 to $11.81 billion in 2023.

Many companies around the world are considering India as a possible market for their mobile games due to these factors. Tencent, for example, announced plans to invest up to Rs. 2,000 crore in game development for the Indian market. This demonstrates the growing popularity of mobile game apps on Google Play Store and Apple App Store among gamers in India, USA and Australia. The mobile gaming industry is growing alongside faster download times thanks to increased broadband penetration in various parts of the country, especially in Tier II cities where online shopping trends are exploding.

With the growing desire for new, unique games among gamers, the future of the mobile games industry is bright. We can expect even more intriguing and engaging games in the near future, thanks to the advancement of new technologies. So keep an eye out.

Growing smartphone penetration, growing youth population, increasing disposable income, and the rising trend of online gaming are all contributing to the growth of the mobile gaming industry. According to Statista, the AR/VR industry in India is expected to grow from $209 million in 2018 to $11.81 billion in 2023. Many companies around the world are looking to India as a possible market for their mobile games due to of these factors. Tencent, for example, announced plans to invest up to Rs. 2,000 crore in game development for the Indian market.

The mobile gaming industry is growing alongside faster download times thanks to increased broadband coverage in various parts of the country, especially in Tier II cities where online shopping trends are exploding.

The mobile gaming industry is expected to grow at a faster rate over the next few years, driven by new technologies such as Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI). According to Statista, the AR/VR industry in India is expected to grow from $209 million in 2018 to $11.81 billion in 2023.

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With more and more consumers downloading games to their smartphones and tablets, the mobile gaming industry is booming. According to Statista, the global mobile games market is expected to grow from $52.51 billion in 2017 to $81.50 billion by 2021. This expansion can be seen across the country. As the attention span of gamers on mobile devices is getting shorter and shorter, developers are coming up with new ways to engage users, such as augmented reality, live streaming, and other features that increase gamer revenue. monetization. According to Statista, India’s mobile games market is expected to grow from $209 million in 2018 to $11.81 billion by 2023. Here are some of the things that have led to this expansion:

– As the use of smartphones increases, more people will be able to play games online.
– An aging young population with plenty of disposable wealth and a penchant for recreational products like video games.
– A growing trend of gamers using social media sites such as Twitch TV to stream their games or watch others