2019 has delivered a significant profit for the gaming industry all over the world. According to research from Golden Casino News, the video games market generated $83 billion income this year, with a forecast to reach $95.3 billion value by 2024. And it’s mobile games that represented the most substantial segment of the entire video games market in 2019, generating $49 billion in revenue.
Mobile games, mobile growth
In 2019, the mobile gaming industry generated around 60% of the worldwide video games revenue. With $16.9 billion profit, online games were the second-largest market segment. The third most lucrative revenue source was download games, which generated a $15.1 billion income.
The statistics indicate that the mobile gaming industry will continue to generate the most significant part of the video games market revenue in the years to come. With an annual growth rate of 2.9%, the global mobile games market is forecast to reach a $56.6 billion value by 2024.
In global comparison, most of the mobile gaming revenue in 2019 was generated in China, which reported an $18 billion profit. The United States was the second-largest mobile gaming market in the world that ended the year with $9.9 billion in revenue. Japan ranked third with $6.5 billion income, followed by South Korea and the United Kingdom as other leading markets.
Users to reach 1.7 Billion by 2024
The number of users in the mobile games segment reached 1.36 billion in 2019, with 36% of them aged between 25 and 36 years old.
The report also indicates an 18.6% user penetration, which is expected to rise to 22.5% by 2024. Looked at another way, by 2024, more than 1.7 billion people worldwide will be playing mobile games.