Video gaming is one of the fastest-growing sectors in the industry. This segment was among the few businesses that thrived during the outbreak of the COVID-19 pandemic. The video game industry includes the creation, promotion, and monetization of video games. Video gaming comprises different modes of gaming, including console gaming, mobile gaming, and PC gaming.
Mobile gaming is one of the fastest-growing segments in the video gaming industry. This segment registered notable growth in 2020 even though most businesses were affected by the outbreak of the COVID-19 pandemic.
Moreover, growth in mobile users along with the roll-out of 5G/High-speed internet services globally has aided the growth of the mobile gaming segment.
The market size of mobile gaming in China reached a value of $29 billion in 2021.
China has been consistently a market leader in the mobile gaming segment from the Asia-Pacific region.
The mobile video gaming market in China grew by 5% in 2021 as the demand for mobile gaming increased following the shutdown of outdoor games owing to the pandemic and people globally spent most of their time at home due to the lockdowns.
Japan ranks the second largest player in the mobile gaming market from the region with a share accounting for 36% of the region’s market size in the mobile gaming segment. Japan’s mobile gaming market saw a CAGR of 12% during the period 2017-2021. This is followed by South Korea which ranked third-largest market in the Asia-Pacific region for the mobile gaming segment.
As it was one of the few industries which had a positive effect due to the pandemic and the video gaming industry was one such industry that saw a rise in consumption. The consumption of mobile gaming was further aided by growth in smartphone users and increased internet penetration.
The major companies that have a strong presence in the mobile gaming market include Tencent, Konami, and Nintendo.
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