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Why smartphone gaming is dominating the industry

By
BizAge Interview Team
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Gamer plays on mobile

The global games industry continues to boom, with mobile gaming leading the charge.

Recent reports from Newzoo suggest the mobile games market will reach a staggering $90.5 billion in 2024, accounting for around half of all gaming revenue.

But what's driving this mobile dominance? Let's dive into the key factors propelling smartphones to the forefront of the gaming world.

Unrivalled accessibility

Smartphones are the ultimate all-in-one devices, and gaming is no exception. Unlike consoles and PCs, you don't need a dedicated setup to jump into a game. Powerful processors, high-resolution displays, and ever-expanding storage capacities make smartphones capable of delivering impressive experiences. This accessibility extends beyond hardware. The vast app stores like Google Play and Apple's App Store offer a mind-boggling variety of games, from casual puzzlers to full-fledged esports titles. There's something for everyone, and it's all just a tap away.

The convenience factor is undeniable. You can squeeze in a quick game during your commute, unwind with a few rounds on your lunch break, or get competitive with friends online – all without needing to be tethered to a TV or desk. This accessibility even extends to demographics traditionally underserved by the gaming industry. The rise of online bingo apps, for example, has seen a surge in mobile gaming participation among older demographics, particularly women.

New revenue streams

The freemium model has revolutionised mobile gaming. Many popular titles are free to download and play, with revenue generated through in-app purchases (IAPs) for additional content, customisation, or power-ups. This allows developers to reach a wider audience without an initial barrier to entry. For players, it offers a chance to try before they buy, ensuring they enjoy the gameplay before investing.

Subscription services like Apple Arcade and Google Play Pass are another exciting development. For a monthly fee, players gain access to a curated library of premium games, often with no IAPs. This model benefits developers by providing a predictable revenue stream, while players enjoy a vast library of high-quality titles without worrying about individual purchase costs.

How big publishers have reacted

The dominance of mobile gaming hasn't gone unnoticed by major publishers. We're seeing a constant stream of popular console and PC franchises making their way to mobile, often with adaptations specifically designed for touch.

The future of mobile gaming looks even brighter. Continued development of 5G technology promises faster download speeds and lower latency, enabling even more complex and immersive mobile gaming experiences. Cloud gaming services like Microsoft's Xbox Cloud are also on the rise, potentially allowing players to stream high-end console and PC titles directly to their phones.

Photo by RDNE Stock project

Written by
BizAge Interview Team
May 20, 2024
Written by
May 20, 2024