Mobile games market reaches more than $40 billion in 2016

Once again the mobile gaming market makes another eye-widening record. The market has reached heights of $40 billion with an increase of 18% in a year only.

Its worth has become equal to half of the world’s digital gaming market. The stats are according to Super Data Research and Unity Technologies.

The reason for increase in growth is definitely the increasing use of mobile phone games.

The average time of gaming recorded is 30 minutes. The time spent on iOS is 12% and 9% on Android. Android’s market remains big with 78% of gamers.

Asian Market was able to generate about 62% of revenue that included the revenue from earning developers that was about $24.8 billion, by North America of about $6.9 billion and Europe of about $5.7 billion.

The categories of puzzle, action and stimulation topped the ranking. According to reports VR is a potent platform that has revenue of approximately $1.8 billion. From Samsung Gear VR came the lion’s share that was comparatively less than, that was offered by HTC, Oculus and Sony.

Games attract more users than TV. According to stats chart the TV users make of average 5 days per week and for mobile phones it is 6 days a week.

So it can be said that gaming market is one of the fastest growing market and is expected to grow more in the future.

Source: Business Wire