The future of digital gaming
The rapid development of online, mobile, and other downloadable games for hardware consoles has lead to the tremendous growth of the digital gaming industry over recent years. At the moment, the size of the digital gaming market has already reached about $63 billion, which accounts for 54% of the total digital media market. Developing trends such as game live streaming and e-Sports tournaments indicate that the industry will continue to grow in the years to come.
With 60% of people worldwide owning a smart device and almost 50% of them spending more than 5 hours a day on it, it is no surprise that mobile games dominate the digital gaming industry. In 2017, the global market size of mobile games reached approximately $40 billion, which is still more than the global market size of both online and downloadable games for consoles combined. Moreover, mobile gaming is also expected to continue to grow up to 27% by the end of 2022.
We will continue to monitor how the growth of mobile games affects the growth of other online games and downloadable games for hardware consoles. And to highlight the opportunities and threats to the digital gaming industry. If you’d like to know more, please contact Dam.