The latest GlobalData report shows the importance of mobile games to the global gaming ecosystem.
The analytics firm claims that mobile will generate more than 50% of the game industry’s total revenue by 2030. Mobile games will become a $272 billion industry by 2030, GlobalData said.
The report predicts that the dominance of mobile over traditional gaming, that is PC and console, will continue in the coming years. The game industry has a projected growth of $470 billion by 2030, this figure is only $197 billion in 2021.
According to the report, mobile has expanded beyond the combination of the PC and console gaming industries, stating that nearly 57% of global video game revenue will come from mobile games by 2021.
GlobalData Thematic Intelligence team lead analyst, Rupantar Guha, explains that even the traditional gaming giants, such as Activision Blizzard and EA, are starting to focus on mobile because of the revenue potential. and its popularity.
Cloud gaming is also looking to change in the coming years and is expected to be the fastest growing segment in the industry. The report predicts $30 billion in revenue for the cloud industry by 2030, a huge jump from last year’s $2 billion figure.
Guha also shared his thoughts on the tremendous progress in the gaming industry: “The game industry is in a transition period driven by topics like 5G, augmented reality (AR), virtual reality (VR), e-sports, cloud games, and metaverse. As these themes mature, competition will increase between traditional game publishers, tech giants, and companies in other sectors like retail and travel. As a result, some of the top game publishers will become M&A targets, with the tech giants likely to acquire them.”
The experienced analyst also commented on the cloud industry, saying that it will fundamentally change the ecosystem in the next 10 years. Guha explained that technology companies such as Sony, Google, Tencent, Microsoft, Nvidia, Meta and Amazon, combined with telecommunications companies such as Deutsche Telekom, Sunrise, KT and China Mobile, will increase competition and promote push the development of cloud gaming.
Rupantar Guha, Vice President of Thematic Research Projects at GlobalData, commented: “Mobile games are larger than the console and PC games markets combined, contributing nearly 57% of global video game revenue in 2018. 2020. The growing maturity of 5G, cloud gaming services, and mobile esports, combined with the fact that mobile platforms are technically roughly on par with PCs and consoles, means most gamers will embrace mobile gaming in the next few years.”