Home » Mobile gaming industry to generate $120bn in 2021

Mobile gaming industry to generate $120bn in 2021

by Tech Reporter
13th Jan 21 8:47 am

Mobile game fortunes skyrocketed in 2020 thanks to shelter-in-place orders. In fact, the global mobile gaming market had generated $75.4 billion in 2020. Compared to 2019, that marked an increase of 19.5% year-over-year (YoY).

Based on IDC data, the global gaming industry as a whole raked in $179.9 billion in 2020, a 20% increase from 2019. The mobile segment saw the highest growth, at 24% YoY, compared to console’s 19.6% and PC’s 11%.

According to the research data analysed and published by Safe Betting Sites, PUBG Mobile is the top grossing title in 2020. In total, it had generated $2.6 billion, an increase of 64.3% YoY.

Honor of Kings was second, raising $2.5 billion, up by 42.8% YoY. Their total of $5.1 billion was higher than the $4.4 billion that the next four titles raised.

Pokemon Go was the third highest grossing title for the period, accumulating $1.2 billion. Coin Master was fourth and Roblox took the fifth spot, each raising $1.1 billion. Monster Strike missed the billion-dollar threshold by a whisker, as it raised $958 million. This was the first time five games reached the billion-dollar threshold.

App Annie predicts that the mobile gaming industry will raise $120 billion in 2021, citing sophisticated mobile gaming capabilities.

For the gaming industry as a whole, IDC expects double-digit growth in 2021. To some extent, the introduction of next gen consoles will contribute to the growth. Following their launch in November 2020, the US gaming market saw a 58% YoY uptick in hardware sales and a 32% rise in software sales. However, seeing as mobile devices are cheaper than consoles, most of the growth is expected to come from mobile gaming.

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