Mobile Gaming Gains Momentum in 2024
Showing these facts, mobile gaming became a leading force in the gaming industry after 10 years, causing players to switch from home consoles and PC. As per Statista, the market is set to make $98.7 billion by the year 2024 which is a massive jump compared to past years. In the future, it will do well and the industry is currently handling heavy loads from online casinos, simulation games, e- sports and other popular areas. Among them are apps like the Verde Casino app and e-sport betting platforms which keep adding new options for the diversity of offers.
The state of mobile gaming at present.
Early in 2023, things were a bit tough for the online gaming sector after news came out that both Gaming Installs and Sessions went down by 2% and 7% overall. At the same time, important changes and developments happened during Q4 as well. In the fiscal year 2023-24, installs went up by 7% compared to the previous year and January 2024 also witnessed a 3% increase. This year, certain genres rose to the top and were highlighted more than others.
- Adventure Games
- Action
- Puzzl;
- Hyper Casual.
On average, players played for 33.5 minutes on their favorite title, no matter which category it was from. The hyper-casual segment grew to 16.4 minutes which was the biggest increase over previous years. Action and adventure games had an increase in playtime, amounting to around one to two minutes. Some achievements were recorded in role-play games (RPG), simulation games and core games. Just like the new industry trends, esports is gaining traction and it is expected to make revenue of $5.4 billion in 2027. The company Statista also mentions that the audience in this sector is anticipated to reach 720 million by 2027. An important reason behind the growth of these industries in many places is that there are now more chances for anyone to compete and make money.
These stores run independently from big chains.
There are alternative platforms called independent or third-party app stores such as Apple’s App Store and Google Play Store, where individuals can use to get applications and online games. Typically, the entities in charge of these stores are not the same as those who made the operating system’s core. Because of the popularity of this system, creators and developers now have more chances to profit from what they make. You benefit from reduced costs, many payment options and the ability to escape the usual store fees. It is also possible for some independent game stores to have space where players can join and play together. Having social elements in games has made them more interesting and appealing to people. Some independent game shops that people enjoy are:
- Steam;
- Epic Games;
- Humble Bundle;
- Origin;
- Xbox;
- Fanatical.
Cross-Platform Play
Mobile gaming is being introduced to more people thanks to cross-platform play. This system helps people bring different hardware systems together. This makes it much easier for players, helping them switch from one platform to the other so they can enjoy their favorite games everywhere. People can change between gadgets and keep playing from the same point. No matter what system they have, players can unite and enjoy online games together.
New games in Mobile Gaming
Also in 2023, unusual and exciting artworks were brought to the world. Scopely developed a unique game called Monopoly Go which became an outstanding success. This movie drew attention and made $1 billion in sales, becoming the second biggest launch of 2022. In 2023, Honor of Kings collected an impressive $1.58 billion. PUGB Mobile and Genshin Impact also made an impressive $969 million and $1.17 billion in revenue.
We Are Looking Forward
Even though many exciting concepts are already in use, the industry is expected to incorporate more franchises over time. Many more IPs are expected to join the space and 2024 seems to bring a bright future. Mobile gaming has become huge which has led to a lot of breakthroughs that fans haven’t even imagined.