Research Summary
The report discusses the opportunities in Web3 mobile gaming, highlighting the dominance of mobile as a global gaming platform. It attributes this to the widespread adoption of fast wireless internet and low hardware costs. The report also provides data on the increasing time spent on mobile devices and the projected growth of gamers by 2026. It further emphasizes the significant role of mobile gaming in generating global gaming revenue.
Key Takeaways
Mobile Gaming Dominance
- Mobile as a leading platform: The report identifies mobile as the dominant global gaming platform, driven by the proliferation of fast wireless internet and low hardware costs.
- Increased time spent on mobile devices: Consumers reportedly spent an average of five hours per day on their mobile devices in 2022, a 3% increase from the previous year.
- Role of mobile gaming: Mobile gaming is a leading factor in why humans are spending an increasingly long time on mobile devices.
Growth Projections in Mobile Gaming
- Projected growth of gamers: By the end of 2023, there will be an estimated 3.38 billion gamers, expected to grow 12% to reach 3.79 billion by 2026.
- Engagement with mobile gaming: More than 80% of these gamers are expected to engage with mobile gaming content in some form.
- Compound Annual Growth Rate (CAGR): The report projects a CAGR of 4.3% from 2021 to 2026.
Revenue Generation from Mobile Gaming
- Global gaming revenue: Over 50% of gaming’s $184.4 billion in global revenue in 2022 came from mobile gaming.
- Significance of mobile gaming: The report underscores the significant role of mobile gaming in generating global gaming revenue.
Actionable Insights
- Investigate the Potential: Given the dominance and projected growth of mobile gaming, there is potential for further exploration and investment in this sector.
- Focus on Mobile Gaming: With over 50% of global gaming revenue coming from mobile gaming, stakeholders should focus on this platform for growth and revenue generation.
- Consider the User Engagement: With the increasing time spent on mobile devices and high engagement with mobile gaming content, strategies should be developed to capitalize on this user behavior.
