This projection is the reason why many media houses are now turning to mobile game development.īut, developing a mobile game is not a piece of cake. It’s also projected that this revenue is likely to encounter an annual growth rate (CAGR) of 12.3% from 2021 to 2026. According to Statista, the mobile gaming market concluded the year 2020 with annual revenue of $77.2B. From 2d games like Candy Crush slowly penetrating the industry to action-packed multiplayer online games like PubG becoming a worldwide favorite, the mobile gaming market has witnessed immense growth in the last 10 years.Įven in terms of revenue and user acquisition, mobile game development has only seen exponential growth. The past decade has been a rollercoaster ride for the entire mobile gaming industry.
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