Published in Gaming

Mobile gaming set to dominate

by on31 May 2024


Half the industry could be mobile gaming.

Reports from NoKyc.com suggest that by 2030, mobile gaming could account for over 50 per cent of the total industry revenue.

The revenue from mobile gaming is projected to reach €405.55 million by 2030, using the current exchange rate. The widespread adoption of smartphones in the previous decade has propelled mobile gaming to the forefront of the industry. While mobile games once held limited interest for gaming development companies, they have emerged as the primary revenue generators for developers and publishers.

Data from Statista indicates that mobile games generated €182.08 million in revenue in 2023. Console gaming, the second-largest segment, earned a significantly lower revenue of €96.94 million. PC gaming contributed €74.32 million to the total revenue, and browser games added another €13.91 million.

Analysing the total revenue breakdown, mobile gaming accounted for 49.6 per cent of the overall revenue of €367.44 million in 2023. The previous year, mobile gaming's revenue share was 49.5 per cent.

Estimates suggest that mobile gaming's annual revenue will rise to €205.77 million in 2024, with its contribution to total revenue increasing marginally to 49.7 per cent.

By 2030, mobile gaming revenue is expected to surge to €405.55 million—a 153 per cent increase over eight years (from 2022 to 2030). Additionally, mobile gaming's share of the total revenue is projected to reach 50.3 per cent.

Therefore, it is evident that mobile gaming's revenue is growing more rapidly than other segments. Likewise, its contribution to the total industry revenue has been on an upward trajectory in recent years, a trend that is likely to persist in the foreseeable future.

 

Last modified on 31 May 2024
Rate this item
(2 votes)

Read more about: