The gaming industry experienced a windfall during the COVID-19 pandemic. It provided many people with means to stay entertained and active from the confines of their homes. Despite the normalization of the health crisis, interactive entertainment seems to have become an irreversible and growing trend due to enhanced offerings fueled by the integration of advanced technologies such as 5G, AR, and VR.
Despite a post-pandemic reversal to a more hybrid lifestyle, the gaming industry is expected to reach a revenue of $365.60 billion globally in 2023 and grow at a 7.2% CAGR to $482.30 billion by 2027. Mobile gaming is expected to contribute to much of this growth.
