Mobile Games generates $49bn in revenue in 2019

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

Here is a list of all Microfinance Banks’ USSD Codes in Nigeria.

A Microfinance bank is a type of bank that offers small loans, or microloans, to individuals, entrepreneurs and small...
- Advertisement -

The year 2019 has delivered a significant profit for the gaming industry all over the world. The statistics show that the global video games market generated $83 billion income this year, with a forecast to reach $95.3 billion value by 2024.

According to GoldenCasinoNews.com research, mobile games represented the most substantial segment of the entire video games market in 2019 that generated $49 billion in revenue.

Mobile Games generates $49bn in revenue in 2019
Mobile Games generates $49bn in revenue in 2019 | www.brandspurng.com

Mobile Gaming Revenue Expected to Grow at 2.9% CARG by 2024

In 2019, the mobile gaming industry generated around 60 per cent of the worldwide video games revenue. With $16.9 billion profit, online games were the second-largest market segment. The third most lucrative revenue source was download games, which generated a $15.1bn income.

The statistics indicate that the mobile gaming industry will continue to generate the most significant part of the video games market revenue in the years to come. With an annual growth rate of 2.9%, the global mobile games market is forecast to reach a $56.6bn value by 2024.

China generates the most significant part of mobile gaming revenue

- Advertisement -

In global comparison, most of the mobile gaming revenue in 2019 was generated in China, which reported an $18bn profit. The United States was the second-largest mobile gaming market in the world that ended the year with $9.9bn in revenue. Japan ranked third with $6.5bn income, followed by South Korea and the United Kingdom as other leading markets.

Read Also:  Meet Wynerz The Top Celebrity Artist Brand Marketing Management Company

Number of mobile games users to reach 1.7 billion by 2024

The number of users in the mobile games segment reached 1.36 billion in 2019, with 36% of them aged between 25 and 36 years old. The latest data report 18.6% of user penetration, expected to rise to 22.5% by 2024.

According to the latest surveys, by 2024, more than 1.7 billion people worldwide will be playing mobile games.

- Advertisement -
Mobile Games generates $49bn in revenue in 2019 - Brand SpurMobile Games generates $49bn in revenue in 2019 - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  Meet Wynerz The Top Celebrity Artist Brand Marketing Management Company

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Mobile Games generates $49bn in revenue in 2019 - Brand SpurMobile Games generates $49bn in revenue in 2019 - Brand Spur

Latest News

Taraba State Governor Flags Off 82Km Mararaba-Baissa-Abong Road; Challenges FG on the Mambilla Hydro Power Project

Taraba State Governor, Darius Dickson Ishaku has challenged the Federal Government to show clear intentions on building the Mambilla...

NSE Lifts Suspension on Trading in FTN Cocoa Processors Shares

The suspension earlier placed on the trading in the shares of FTN Cocoa Processors Plc has been lifted by the Nigerian Stock Exchange (NSE). The...

What to expect from Art X Lagos 2020

ART X Lagos 2020, is happening online at ARTXLAGOS.COM from 2-9 December 2020. The virtual presentation will include ART X Talks, ART X Live!, ART X...

Nigeria’s Hopes for Energy Sufficiency Bolstered with Recently Inaugurated Local Refinery

In the just concluded week, the Federal Government’s refinery roadmap which includes the construction of greenfield plants, rehabilitation of the existing refineries and collocation...

Micro and small enterprises worst affected by COVID-19 pandemic, says a survey of 4,500 enterprises in 45 countries.

Cash flow the biggest problem facing business during COVID-19 pandemic crisis A new report on the impact of the COVID-19 pandemic on businesses shows that their...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Mobile Games generates $49bn in revenue in 2019 - Brand SpurMobile Games generates $49bn in revenue in 2019 - Brand Spur