Move over Microsoft and Sony, there's a new video game platform that's taking over: the smartphone.
Mobile phones have come a long ways over the years. It wasn't long ago when they are restricted to just a few basic functions, such as placing and receiving calls. And then came text messaging, built-in cameras, multimedia messaging, WiFi, and video games.
Both smartphones and tablets now support a variety of different video games. Some of these games are classics that have been ported over to mobile operating systems, while others are new, exclusive titles that were made specifically for smartphones and tablets. In any case, it's safe to say that consumers are enjoying the convenience of playing video games on their smartphones.
So, just how much money do these mobile games generate? According to an article published by Fortune, the mobile gaming market generated roughly $25 billion in 2014. Game of War, one of the top games for both Android and Apple iOS devices, consistently pulls in more than $1 million per day in gross revenue, according to various reports.
One of the reasons why so many people are eager to play video games on their smartphones and tablets is the unmatched level of convenience and accessibility that it offers. Unlike home console systems, you can fire up a mobile game virtually anywhere, anytime. Whether you are watching TV at home, riding the bus, eating lunch, or working at the office, you can pull out your smartphone and play a mobile game. Furthermore, many mobile games are connected to social media networks, allowing users to share their scores with friends.
The North America Mobile Gaming Industry 2016 Market Research report by Wise Guy Reports offers a comprehensive look into North America's mobile gaming market, complete with industry definitions, classifications, chain structure, competitive landscape analysis, key regions, development policies and plans, supply, demand, cost, revenue and more. The report includes 152 tables and figures that scrutinize the mobile gaming market for North America with statistical data and information.
While North America is the largest consumer of mobile video games, other regions are also buying games for smartphones and tablets. The Global Mobile Game Market: Trends and Opportunities (2016-2020) report by Market Reports Online is a second in-depth study on the mobile gaming market, although this report covers the entire global market. It forecasts "rapid growth" for the market in the next few years, due largely in part to the technological advancements in the video gaming industry, as well as increased expenditure on mobile games and economic development in new regions.
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WhaTech's Editorial TeamCategory: Team WhaTech Profile: Paul Hosking, founder of WhaTech writes from his experience with Market Research Reports. Sharing the latest and most interesting reports. Giving investors the "heads up" on what's next!
