Mark Twain's blog : Mobile Game Market – Global Opportunities and Forecast, 2020-2027
Global Mobile
Game Market
The GMI Research report affirms that the Mobile
Game Market will boom over the forecast period. The easy availability of
the internet and the surging consciousness concerned with e-sports among
players will drive the market growth.
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Game Market
Mobile Game Market Dynamics
The increasing introduction of mobile games and the
accelerating penetration of internet and smartphones are the chief forces
responsible for the growth of the global
mobile game market. The intensified investment by the giant organisations
in the gaming industry will bring huge opportunities for the market. Electronic
Arts, in 2020, entered in a deal with Nexon Korea to introduce a new game,
“FIFA Mobile” in South Korea. Electronic Arts mainly aims to establish FIFA
Mobile game to proffer a cultured experience of football through mobile phones.
In addition, Tencent, in 2020, declared the launch of a mobile game known as
Wandering Mountains and Seas in which the players were provided with the
ability to initiate diverse map. Further, as per the Global Mobile Gaming Market Report, the increasing application of the internet,
smartphones, and the adjustability for in-game payment modes has significantly
enlarged the gaming sector, which in turn, is persuading the mobile game market
growth. For example, in 2019, Saudi Arabia gauged for nearly 32.2 million
internet users till January 2020, and nearly 40.2 million mobile connections,
with an increase of 0.09% from January 2019.
Further, the government across different economies are
largely focussing on initiating several strategic initiatives to encourage the
gaming industry. For instance, the UK government initiated the UK Games Fund totalling
to Euro 4 million wealth for the allocation as allowances among the game
development companies. Besides this, Special tax relief helps the video game
organisations by providing them authorisation to claim support up to 20% of the
cost of establishment of a new game. Besides this, the government also launched
the UK Games Talent Initiative, to tutor final year students in order to
prepare them and make precious engagement to the industry.
Moreover, the leading giants in the market are increasingly emphasising
on technological innovations in the mobile and thus are increasingly investing
in research and development activities. The effectuation of cloud computing in
mobile games has expanded cloud gaming, which is indirectly adding to the
market growth. The initiation of facial identification technology, virtual
reality, 3D scanning will generate the Mobile Games Market Size.
However, the rising agitation towards safety among the
government of several nations and the surging incidences of data breach will
negatively influence the market growth. For example, the Indian Government, in
2020, suppressed PUBG due to the rising safety concerns.
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