Introduction
Mobile is the dominant global gaming platform. The proliferation of fast wireless internet and comparatively low hardware costs are key factors that are driving widespread adoption. It has been reported that in 2022, consumers spent an average of five hours per day on their mobile devices. That represents one-third of all waking hours and a 3% increase from the year before. Aside from “everything apps” like WeChat, LINE, and maybe one day X, mobile gaming is a leading factor in why humans are spending an increasingly long time on mobile devices.
The most recent estimates state that by the end of 2023, there will be a total of 3.38B gamers, and this number will grow 12% to reach 3.79B by 2026 (representing a CAGR of 4.3% from 2021 to 2026). Out of those 3.38B, more than 80% are expected to engage with mobile gaming content in some form. Furthermore, >50% of gaming’s $184.4B in global revenue in 2022 came from the mobile m