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Mobile gaming market set for massive growth

Industry Sector

Information Technology

Published

23 November 2011

Author

Mike King

Type of News

General

Companiesandmarkets.com has added three new gaming market research reports to its market research report catalogue. The mobile game market is forecast to hit $7 billion in 2011, a 40% growth from 2010. The vast majority of revenues generated from the mobile gaming market is in the hands of leading game producers and small independent companies. With the advent of tablet PCs and the growth of the Android platform, the mobile gaming market is set to boom.

According to the first of these reports, Global Animation & Gaming Market Size & Forecast (2011 - 2016), the global animation and gaming market is forecast to hit nearly €250 billion in 2016, growing rapidly over the next four years. The US is the largest gaming market, accounting for 42% of the global gaming industry. The US also holds the largest number of animation patents.

Another new report, Mobile Gaming Asia: Market and Forecast Analysis, highlights the growth of the mobile gaming market in Asia. It is estimated that Asia will lead the $55 billion global mobile gaming market in 2015, with an anticipated 40% market share.

The third report, Smartphone Report: Gaming, Digital Music Distribution and Entertainment Opportunities 2011-2016, analyses the smartphone gaming and software market and highlights the transformative effect that LTE and 4G will have on smartphone gaming. Cloud services will change forever the way in which consumers listen to music and mobile based cloud services will drive adoption rates and revenue streams.

 

 

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