The gaming industry experienced a windfall during the COVID-19 pandemic. It provided many people means to stay entertained and active from the confines of their homes. Despite the normalization of the health crisis, gaming seems to have become an irreversible and growing trend due to enhanced offerings fueled by the integration of advanced technologies such as 5G, AR, VR, and metaverse.
With metaverse being the next dimension of gaming, the industry is expected to reach a revenue of $208.60 billion globally in 2022 and grow at a 7.9% CAGR to a projected volume of $304.70 billion by 2027. Mobile gaming is expected to contribute to a majority of this growth.
