The gaming industry gained traction during the pandemic era, as people turned to online entertainment amid multiple lockdowns and social distancing measures. With the continued remote lifestyle, the popularity of gaming remains. Furthermore, rising internet connectivity, increasing smartphone adoption, and smooth gaming experience with the emerging technological innovations, including 5G, artificial intelligence (AR), blockchain, virtual reality (VR), cloud, and quantum computing, should fuel the demand for the gaming industry.
According to a report by Mordor Intelligence, the gaming market is expected to reach $339.95 billion by 2027, growing at a CAGR of 8.9%. Mobile gaming is projected to generate $136 billion in revenues in 2022. Increasing usage of smartphones and improvements to mobile infrastructure and the internet should drive the growth of the mobile gaming sector.
