As an advisor to small and medium businesses, I‘m constantly exploring new market opportunities. One industry that catches many entrepreneurs‘ eyes is mobile gaming – and for good reason.
Mobile games generated $90 billion in global revenue last year. This fast-growing market also comes packed with possibilities for creative business builders.
In this article, I‘ll share key mobile gaming statistics you need to know in 2024, along with an analysis of trends and opportunities from the perspective of a fellow entrepreneur.
Snapshot of Massive Growth
Let‘s start with the sheer size of the mobile gaming market:
- Global mobile game revenue: $315.9 billion in 2024, up from $184 billion in 2024 [1]
- Projected 2027 revenue: Over $419 billion at a 7.4% CAGR [2]
Driving this growth is an enormous base of players:
- 3 billion mobile gamers worldwide in 2024
- Mobile gaming user penetration could reach 28.5% globally by 2025 [3]
Let‘s analyze the numbers in more detail…
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Opportunities for Entrepreneurs
As an entrepreneur exploring this fast-growth industry, there are many ways to capitalize on surging interest in mobile gaming:
- Develop innovative games in popular genres
- Provide ancillary products/services like analytics or monetization tools
- Build gaming-focused hardware and accessories
- Tap into advertising and sponsorship potential
- Facilitate tournaments, events and esports leagues
- Offer consulting and marketing services to gaming studios
If you understand mobile gamers and this $90 billion ecosystem, the possibilities are truly endless. In my experience advising startups, I‘ve seen profitable niche businesses thriving around every segment of this industry.
My Perspective as an Advisor
In my work guiding entrepreneurs entering this market…
List additional ideas and advice
I hope this analysis provides some inspiration to business builders seeking their next big venture. Mobile gaming checks all the boxes – massive scale, stellar growth, passionate users – for entrepreneurs aspiring to tap a billion-dollar-plus opportunity.
