Mobile Gaming Market Overview
Market Research Future ( MRFR ) expects considerable gains for the
Mobile Gaming Market 2020 , which is set to race ahead at a tremendous rate between 2018 and 2023 ( appraisal period ). We will provide covid-19 impact analysis with the report . The COVID-19 mobile gaming market research offers an in-depth analysis following the coronavirus disease outbreak .
COVID-19 Mobile Gaming Market Structure
MRFR ’ s impact analysis on covid-19 states that with more people staying at home , more games and apps are being downloaded . Since SARS-CoV-2 is expected to continue , the demand for social networks as well as mobile games is only presumed to skyrocket across homes . The working from home strategy and the shutting down of universities and schools has led to higher demand for mobile gaming . No doubt that with people being quarantined , there is now more time to play mobile games , as a result of which mobile games have zoomed up in the app stores and have gained top ranking .
Considering the short term impact , experts predict top notch growth for the gaming industry and in turn , mobile gaming . For instance , a recent global study based on the COVID-19 analysis reveals that in the EMEA & LATAM region , mobile games have become one of the main sources of entertainment , with close to 85 % of the total consumers in the region are now into mobile gaming to pass time during social distancing .
Post novel coronavirus , businesses everywhere have experienced a significant transition , where the ICT industry can be the biggest gainer in the end . ICT is the parent industry and its growth can directly influence the growth of the mobile gaming . With a large number of global IT vendors digitizing their processes and spending large amounts on collaboration tools as well as modern infrastructure , there will be boom in remote delivery models in the future . The fast adoption of digital transformation has been in line with the emerging mobility and cloud trends . In a nutshell , the expanding IT industry , prevalence of the digitalization trend and the current lockdown situation can favor the mobile gaming market , despite the long-term impact of COVID-19 .
Primary Drivers and Main Restraints
One of the latest news in the mobile gaming market is the partnership between Paytm First Games and Alibaba ’ s Daraz in May 2020 , following which a gaming app called Daraz First Games is ready to be launched in Bangladesh . More and more market contenders are working on leveraging the fast-growing mobile gaming industry , with product launches in developing regions with untapped potential .
Since its inception in the 90s , the mobile gaming industry has witnessed multiple technological innovations and is at present , a multibillion entity that is rapidly expanding on the back of smartphone users around the world . With more than 4 billion mobile users worldwide and the developments in wireless technologies , smartphone operating systems have emerged as a significant frontier of digital mobile gaming . 5G technology , cloud gaming , and augmented and virtual reality technology are the latest mobile gaming market trends that can lead to better business prospects .