The video gaming market was always dominated by consoles and PCs and even arcades from decades ago. Mobile gaming arrived much more recently but has since changed the gaming landscape forever. Fast forward to now, and over 6 billion people own a smartphone, making it no surprise that mobile gaming today has a market share of around 53%, generating over $90 billion in revenue last year.

The figures come from a report by gaming industry analyst Newzoo (via Android Authority), which highlights that mobile gaming is not only larger than consoles and PCs combined but is also the fastest-growing segment.

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Moreover, as PC and console sales continue to dip due to the easing of workplace restrictions, the overall industry revenue has kept up its growth. This means that mobile gaming is not only extremely popular but is encouraging the industry’s growth as a whole.

Of course, the main factor behind this is the explosive rise of the smartphone market since 2021. Android’s popularity has made it easier for developers to make their games available across a variety of devices.

A larger part of the $90 billion market revenue came from the Asia-Pacific region, with China accounting for over a third of it ($30 billion vs $15 billion from the US). The most notable players were Tencent with CODM and PUBG and Mihoyo with its Genshin Impact, which together reeled in $18 billion in revenue.

But China isn’t the only major source of the gains as regions like Latin America, Africa, and the Middle East have also been showing some really great growth figures.

All in all, with smartphone ownership expected to exceed 7 billion by 2024, there are even better times for the mobile games market up ahead.

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