Mobile Gaming Projections Reveal Big Business By 2017

Mobile Gaming Projections Reveal Big Business By 2017

Mobile Gaming Projections Reveal Big Business By 2017

📅29 January 2014, 10:29

Gaming investment bank Digi-Capital has released a report providing substantial evidence that mobile gaming will catapult the whole of gaming industries to $100 billion in revenue by 2017.

Managing director of the investment bank, Tim Merel, said of the mobile gaming influence on the traditional software industry’s revenue stream,

Competition for growth is intensifying, as the new kids on the block harness the energy in the cycle to take them to the summit. However, this is an elite marathon not a sprint, so long-term engagement performance is just as important as short-term success.

Asian Markets are the chief players, whose mergers and acquisitions were propelled 29% to a record $5.6 billion last year.

If current trends continue, Merel foresees Asia and Europe dominating up to 80% of mobile and online gaming markets, citing that the 9 of last 10 merger and acquisition deals of 2013 had Asian buyers, as well as the fact that 13 of the last 15 IPO’s in 2011, 2012 and 2013 came from companies located in Japan, China and South Korea.

However, smart phones and tablets are offering unique challenges for developers in a relatively new gaming medium. As the industry grows, improvements in development and user experience will become increasingly more demanding.

Merel saw 2013 as a developmental year for mobile gaming, while 2014 is projected to focus on growth in mobile and commotion for traditional markets. The next generation of consoles will play a big part in how consumers will direct their attention to gaming in the coming years.