The growing usage of mobile devices as a result of customers' increasing disposable money is driving the expansion of the mobile gaming market. These high-end mobile devices are often used for gaming applications by millennials because they provide great picture, sound, and graphics quality. Furthermore, the increasing penetration of high-speed internet connectivity has contributed to the market's rise. The advent of advanced technologies such as VR/AR, haptic feedback devices, and others for enhancing user experience is creating lucrative growth opportunities for the mobile gaming market. Furthermore, the rising popularity of mobile versions of popular PC games such as FIFA, Call of Duty, GTA, Max Payne, and others is expected to boost market growth. For example, the Pokemon Go mobile game produced by Niantic, Inc. grew in popularity and generated over US$ 3 billion in revenue between 2016 and 2019.
Niantic, the creators of the smash-hit Pokémon Go, has announced a new partnership with Nintendo to deliver a mobile augmented reality game based on Nintendo's iconic Pikmin property in March 2021.
North America is expected to dominate the worldwide mobile gaming market over the forecast period, owing to the region's significant presence in the augmented and virtual reality markets. Apple and Google are two of the region's most important companies. With the 2017 release of Apple's ARKit and Google's ARCore, developers now have access to several strong frameworks for creating AR apps.
Mobile gaming is quickly becoming one of the most popular mobile device trends nowadays. Cell phones with cameras are now among the best-selling items, according to the majority of people. Phone games have also grown in popularity, particularly in emerging markets such as China and India, where cell phones with cameras are prevalent. The combination of high-end camera phones and high-end gaming devices has created an entirely new universe of mobile entertainment and gaming.
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