Published on : Apr 08, 2016
ALBANY, New York, April 8, 2016– A market research report, titled “Global Mobile Game Market: Trends and Opportunities (2016-2020),” featured on ResearchMoz.us, analyzes the mobile game market, including its overview, market size, growth prospects, volume of mobile game players, and key regional markets. The report examines the opportunities, major growth drivers, and the challenges that the global mobile game market may face in the future. The report offers important statistics regarding the market size and forecast for the period from 2016 to 2020.
The global mobile game market is driven by the technological advancements in the gaming industry and the constant innovation done to create exciting and entertaining games. Growth of the global gaming market will mainly be attributable to the huge population base interested in gaming, especially in Asian countries such as China, Japan, and South Korea, where consumers are actively seeking gaming activities as a source of entertainment and recreation. Additionally, games have become an indispensable part of every mobile device such as smartphones, laptops, and tablets, thus boosting the global mobile game market. Smartphones are empowering and encouraging consumers to be a part of the booming gaming culture across the globe by offering reduction in time lag and better operability. Moreover, interactive games can be played on different platforms such as laptops, smartphones, and tablets, enabling consumers to engage in this recreational activity while on the move.
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The challenges faced by the global mobile game market include the easy availability of pirated games and the presence of fraudulent software and malware in the form of games. However, the shift to digital gaming has opened many markets that were previously inaccessible. One of these markets is China, which has a huge population, leading to high prospects for the gaming market. Games are increasingly being played to kill time while traveling, leading to growth of the market. The gaming world has evolved dramatically over time, providing gamers an enriched, addictive experience. The economic development of developing nations has also led to an increased expenditure on mobile games. Moreover, smartphones have flooded the market and replaced conventional phones, which is also a reason why the mobile game industry is on a rise.
Major countries covered in the report are Japan, South Korea, China, and the U.S. According to the report, Asian countries, out of which Japan, South Korea, and China have captured more than half of the global market, have the largest stake in the global mobile game market. Among these three countries, Japan dominates the market in terms of revenue. Among North American countries, the U.S. is the biggest market for mobile games.
Major developers of mobile games profiled in the report are: Tencent Holdings Ltd., NetEase Inc., Activision Blizzard Inc., and WeMade Entertainment.
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