Sections

Mobile gaming industry to be worth $272bn by 2030 - GlobalData

Analyst firm attributes growth to streaming, cloud gaming, technical parity to consoles, and more

A new report from analyst firm GlobalData today estimates the mobile gaming market will be worth $272 billion by 2030, representation a compound annual growth rate of 11%.

It attributes the growth to a number of factors.

"The growing maturity of streaming (supported by 5G), cloud gaming services and mobile esports - combined with the fact that mobile platforms are close to technical parity with PCs and consoles - means most gamers will embrace mobile gaming in the next few years," said associate project manager at GlobalData Rupantar Guha.

"As a result, it will continue to account for the lion's share of the global video games revenue over the next ten years".

GlobalData estimated that mobile gaming made up 57% of global games revenue last year.

The report noted that it will be necessary for traditional console publishers to have mobile gaming expertise for them to take part of the lucrative revenue market.

More stories

Xbox launches Samsung TV app to play games without a console

Update: Nvidia's GeForce Now, Google Stadia, & Twitch are also available on the cloud streaming app. Amazon's Luna to become available at a later date

By Brendan Sinclair

Subscriptions will push console/PC to a record year, says DFC

Game Pass, Switch Online, and PlayStation Plus to make up one-third of console software/service revenue

By Brendan Sinclair

Latest comments

Sign in to contribute

Need an account? Register now.