Sellbyville, DE -- (SBWIRE) -- 11/06/2018 -- The mobile gaming market is highly dominated by smartphones and tablets segment as approximately 280 million tablets were used actively all over the world in 2016. Smartphones and tablets segment will account for the highest revenue due to software developments followed by PC games and console games. Console games generated almost two-third of the revenue. From 2015, the share of PC browsers is decreasing due to a shift from casual gaming to mobile devices.

One of the major driving factors for the industry is the low barrier for new entrants over PCs and consoles. Pocket computer games can be developed in lesser time and cost, whereas it takes years to develop games for PCs and consoles and it involves a huge investment of millions of dollars. In 2016, app stores offered 800,000 games and 500 games are added every day on this platform. The game launchers cannot afford marketing tools, such as TV campaigns, so they use an outcome-based advertising, which includes app-install ads. This will minimize the expenditure for small-scale companies and will enable the players to spend hours without payments. This reason will support the mobile gaming industry growth rate.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1814

Real-time multiplayers have transformed smart pocket games and satisfied the customers' e-sport needs. For instance, ESL's partnership with Twitch and in April 2016, the success of Clash Royale tournament held in Helsinki indicated that these pocket computers can be used for e-sports as well.

Customers enjoy the benefits of smarter games that are on the cloud, wherein one can play, pause, change device, find a friend to play, and speak the local language being safe. These factors may support the mobile gaming industry development during 2017 - 2024.

Certain defined rules, heterogeneity, and fragmentation of the industry are the ecosystem challenges faced by the industry participants. The absence of standards avoids giant participants and innovators profit from economies of scale and this causes a surge in the transaction expenditure. These challenges may impact the industry growth over the forecast period.

Social engagement in new generation apps has witnessed a rise in gaming over the last few years. In addition, there may be opportunities for vendors with new game streaming and broadcasting options by generating their own content thereby acting as a free marketing tool. Rising popularity in social networks may boost the mobile gaming market over the forecast timeline.

Technological advancements in software, electronic devices, and internet connectivity, such as light fidelity, wireless fidelity, and 5G networks, may provide a growth opportunity for the industry participants. These innovations may spur the demand for mobile gaming market over the projected timeline.

Request for customization @ https://www.gminsights.com/roc/1814

China outpaced the U.S. industry and held the largest share in 2016 owing to the rising smartphone revenues in the country due to the availability of various local vendors. Asia Pacific is estimated to be the fastest-growing region over the forecast period followed by North America. MEA and Latin America are expected to have a stable growth rate during 2016 - 2024.

Major companies of the mobile gaming market are Electronic Arts (EA), Gameloft, Glu Mobile, Tencent, NetEase, Gamevil, Iplay, JNJ Mobile (www.MocoSpace.com), DeNA, Microsoft, Sony, GREE International Entertainment, Inc., Ubisoft and Nexon America.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.