The mobile gaming market is expected to reach USD 154.81 billion

New York, United States, Oct. 07, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Global Mobile game market Research Report: By Type, End User, Region – Forecast to 2030”, the market will reach USD 154.81 billion at a CAGR of 12.10% by 2030.

Mobile Gaming Market Drivers

The integration of blockchain technology will drive the growth of the market. The transparency of gambling activity is ensured by the blockchain’s ability to make secure payments. Due to the speed and security of bitcoin transactions, the game offers a wide range of odds. Since bitcoin transactions are subject to fewer regulations, they are now widely used in mobile gambling.

Key players in the mobile game market

Key players profiled in the Global Mobile Gaming Market report include,

  • Betsson AB (Sweden)
  • Kindred Group Plc (Malta)
  • Net Entertainment (Sweden)
  • Paddy Power Betfair PLC (Ireland)
  • 888 Holdings PLC (UK)
  • Ladbrokes Betting & Gaming Ltd (UK)
  • bet-at-home.com (UK)
  • Bwin.Party Digital Entertainment (Austria)
  • Betfair Group PLC (UK)
  • Kindred Group (UK)
  • William Hill PLC (UK)

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Opportunities in the mobile game market

Growing Popularity of Mobile Games Market to Provide Strong Opportunities

The growing popularity of mobile games will provide strong opportunities for the mobile games market over the forecast period.

Constraints and challenges

Gambling addiction to act as market challenge

Gambling addiction and security risks such as cyberattacks may pose challenges for the market during the forecast period.

Mobile game market Report Scope:

Report Metrics Details
Market size by 2030 $154.81 billion
CAGR during 2022-2030 12.10%
Report cover Revenue forecasts, competitive landscape, growth factors and trends
Key Market Drivers Online betting is one of the fastest growing segments as the market aims for global growth during the current forecast period.
Key market opportunities online gambling platforms offer huge incentives in the form of power, guaranteed returns and bonuses

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COVID-19 analysis of the mobile game market

The pandemic is seen as a time off to sit at home and acknowledge one’s skills, likes and dislikes of things and events, apart from the urgency and panic that has been caused around the world and especially where the rate of positive cases and transmission is high. Social media has been inundated with various trends during the pandemic, which not only encouraged copying and following, but also allowed users to identify their own skills and talents. The target demographic plays many games on a variety of devices, including smartphones, tablets, cell phones, iPads, and tablets, as well as online. With the programs uploaded to many platforms, games like Ludo, Cricket, Ludo King, Driving, and Pubg among others have seen a significant increase in popularity.

Another form of entertainment that has seen a significant increase in popularity is gambling. Some play with the intention of trying their luck, while others do so to pass the time or for entertainment, and still others do so with the aim of earning a large profit that can be used for various purposes. Gambling includes activities such as betting, lottery, and bingo, among others, and is not just about exchanging resources and money between different hands. Major competitors in the global mobile gaming market are improving their operations and offering various incentives in a bid to entice more customers to sample what they have to offer. In addition, participants legalize their operations by offering clear, reliable and indisputable services. Moreover, the market is only promoted for fun and entertainment and not for illicit purposes.

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Segmentation of the mobile game market

The global mobile gaming market is bifurcated based on type and end-user.

By type, the casino segment will dominate the market over the forecast period.

By end user, gaming enthusiasts will dominate the market over the forecast period.

Mobile Gaming Market Regional Analysis

North America will dominate the mobile games market

Among the market activities conducted by various competitors and geographies during the forecast period ending in 2028, North America area is expected to show the fastest growth. The main reason for this is that only licensed bookmakers are allowed to operate in states like Nevada, New Jersey and Pennsylvania under the US legal system as it currently stands. Additionally, mobile poker, mobile casinos and sports betting are some of the market information that are allowed to operate in the region under the recently passed legislation. In terms of operations in the global mobile game market, New Jersey is expected to become the largest market. It is expected that over the next few years, North America will experience steady growth.

It is expected that the increasing regularization of the sector in the region will fuel industrial expansion. Because gambling is controlled in these states, the legal structure in the United States currently only allows licensed bookmakers to operate legally in New Jersey, Nevada, and Pennsylvania. Online poker, sports betting, online casinos and other forms of virtual gambling are now permitted following the passage of new legislation that governs and authorizes it. Today, New Jersey is the US state with the largest regulated online gambling industry, as there are many live sportsbooks, apps, and websites in the region. Also, when it comes to online gambling, Canada is mostly an unchecked nation. Additionally, Mexican officials want to control the country’s internet gambling industry.

Europe will have admirable growth in the mobile games market

In 2021, Europe grabbed the largest market share globally. The region’s substantial market share can be attributed to the legalization of gambling in several countries, including Malta, Germany, France, Italy, and Malta. Additionally, the UKGC Gambling Act 2005, which allows companies to advertise their gambling websites, and the growing popularity of online casinos are contributing significantly the expansion of the mobile gambling market in the region. In 2021, Europe held the highest market share, and it is expected to continue to do so in the future. The key force behind the region’s growth is the simplicity of the region’s safety regulations and standards.

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Additionally, EU online gambling activity is supported by the growing number of sports betting fans in European countries such as the UK, Germany, France, Italy and Spain.

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