iGaming Business magazine Mobile Gaming Outlook 2017 | Page 12

Mobile Gaming Outlook 2017 STAY WITH ME With mobile now driving the majority of customer acquisitions, Comtrade’s Aleš Gornjec looks at how operators can tighten those crucial retention metrics across the channel. According to AmeriResearch.com, the mobile gaming market was valued at $99bn in 2016 and is forecast to grow at a modest CAGR of 6.4% between 2017 and 2024, culminating in a global revenue of $163bn by 2024. What this shows is that there is incredible value in positioning the mobile channel as an R&D priority and financial benefits for a strong mobile strategy. Simply put, the channel’s success is based on retention and highlights that investing a greater amount of resources in pre-existing relationships is a funnel that contains a small bottle-neck when it comes to driving revenue. When operators choose to emphasise retention metrics it moves the focus to a future-oriented view of their business, versus short-term, unsustainable gains. The strategy put in place is largely dependent on the KPIs that are monitored, but overall it proves to be a lesson in marketing tactics and campaign management. Data and information Operators no longer need to be convinced of the benefits of player data. Rather it is the ways in which it is leveraged that they can gain a competitive edge. Customer satisfaction can be visualised through individual player journeys and highlights customer-centric preferences, channel-wide insights and new product and service innovation. Operators that can properly interpret player activity and understand what factors make them interact with their content can create channel modifications that reduce churn, increase revenue per customer and finally influence their lifetime value. Recognising that user happiness is the key to sustaining their retention is fundamental to deciding on successful business practices. Instead of measuring individual KPIs, operators should measure player-specific targets to see what aspect of their mobile gaming channel deserves attention or adjustments. Observing, documenting and assessing player value, especially lifetime value, is the leading statistic in terms of retention rates and their influence on business vigour. Marketing and innovation More than 8.5 million pages on Google are devoted to online gaming promotions, which means that there is both strategy and opportunity when focusing on this aspect of the mobile gaming business. Whenever a player gains something, even if occasionally, they return. Bonusing in its current context can provide considerable advantages to players, especially as platform technology enables adjusted offers for specific player profiles and player journeys to optimise the online gaming experience. The advantage of loyalty programmes comes through the immediate configuration possibilities to encourage a player to continue their journey. Not all platforms are created equal and this can create a significant effect on bonus campaigns and the operator’s ability to optimise their business. Bonusing modules within online platforms serve as a single point for incentive management across multiple brands, suppliers and products and work as the control centre for retention strategies. Customising promotional offers is done most successfully through an online gaming platform by combining leading technology and management strategy with the capability of handling business intelligence, customer relationship management and multi-channel products. Reputable gaming platforms create a streamlined bonus module that provides the functionality to create highly-tailored 60 | iGamingBusiness | Issue 106 | September/October 2017 campaigns that can be tested on player samples before being implemented to their target group. The method behind creating a lucrative bonus campaign should be based on measurable player data and predictive modelling as seen on Comtrade Gaming’s bonus module on their iCore – Enterprise Gaming. Loyalty programmes and incentives provide the speed and attention to detail high-retention rates. Beyond product design is product experience When technology is the foundation of an industry, there is more or less an incessant push for innovation. With the competition to be considered the market leader in mobile gaming, operators predict and influence the ways in which the channel will develop. Investing in innovation has to be delicately managed when it occurs for both retention and acquisition directions so that there are no variances when developing a cohesive channel. An article in Harvard Business Review states that “serious customer lifetime value metrics should measure how effectively innovation investment increases customer health and wealth. That’s as true for Amazon, Alibaba, and Apple as for Facebook, Google, and Netflix. No one would dare argue that these innovators don’t understand, appreciate, or practice a lifetime value sensibility.” By utilising player data, marketing campaigns and championing innovation, mobile gaming reaches the pinnacle of its capabilities. Aleš Gornjec founded the Comtrade Group’s gaming division and serves as Comtrade Gaming’s general manager. Comtrade Gaming is an independent software supplier to the gaming industry that delivers open gaming platforms, casino management systems and professional services to both online and land-based sectors.