Mobile gamers generated 60% of the global games revenues in 2019

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The video games market worldwide generated $83 billion (€74.17 billion) income in 2019, which is predicted to reach $95.3 billion by 2024.

According to research by GoldenCasinoNews.com, mobile games accounted for 60% of the gaming market and generated $49 billion in revenue.

It is expected to grow at a compound annual rate of interest of 2.9% until 2024, to reach $56.6 billion by 2024.

Biggest markets

With $16.9 billion profit, online games were the second-largest segment, followed by downloaded games, which generated a $15.1 billion income.

Most of the mobile gaming revenue in 2019 was generated in China, which reported an $18 billion profit, with the US was a distant second with $9.9 billion in revenue.

Japan ranked third with $6.5 billion income, followed by South Korea and the UK.

1.7 mobile games expected by 2024

The number of users in the mobile games segment reached 1.36 billion in 2019, with 36% of them aged between 25 and 36. The latest data suggests gamers account for 18.6% of mobile users, which is expected to rise to 22.5% by 2024.

Many operators expect gaming to be a lucrative market for 5G services – read what BT's Chief Architect, Neil McCrae, has to say about the opportunity.