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Key Emerging Trends in the Mobile Gambling Market
Increased Attraction of Mobile Gaming Among Youth Globally, mobile gaming has significantly captivated the younger age brackets. This surge owes much to the widespread accessibility of affordable internet connectivity and the growing prevalence of smartphones. Moreover, the emergence of highly advanced smartphones compatible with various online gaming platforms has accelerated the mobile gaming trend worldwide. The proliferation of mobile phones has simplified the process of downloading games, allowing individuals the flexibility to engage in gameplay at their convenience, regardless of time or place. Consequently, this shift has spurred the rise of "casual gamers," individuals who primarily utilize smartphones for gaming purposes. A recent whitepaper, titled "The State of Online Gaming – 2018," released by Limelight Network, conducted a survey encompassing 3,000 consumers aged 18 and above across France, Germany, Japan, South Korea, the United Kingdom, and the United States. These individuals were engaged in video gaming activities at least once a week. The survey outcomes revealed that gamers dedicate more time to playing games on their mobile phones compared to computers, tablets, or gaming consoles. On average, these gamers devote no less than an hour and 20 minutes to gaming sessions. Additionally, younger gamers aged between 18 and 25 spend a considerable number of hours weekly watching online games via smartphones, surpassing the time spent watching traditional sports on television sets. Moreover, apart from active gameplay and viewing, gamers actively participate in betting activities associated with games such as poker, casino games, or sports like football and cricket. These statistics unequivocally highlight the immense popularity of mobile gaming among the younger demographic. As a direct consequence, a growing number of young gamers are engaging in betting practices across various mobile games, which is anticipated to propel the expansion of the mobile gambling market. Across the globe, mobile gaming has become increasingly popular among the younger generation. This surge is primarily due to the widespread availability of affordable internet connections and the growing ownership of smartphones. Furthermore, the rise of highly sophisticated smartphones compatible with online gaming platforms has contributed significantly to this trend. The prevalence of mobile devices has simplified the process of downloading games, enabling individuals to play at their convenience, leading to the emergence of a category known as "casual gamers" who predominantly use smartphones for gaming purposes. A recent study, "The State of Online Gaming – 2018," conducted by Limelight Network, surveyed 3,000 consumers aged 18 and above across several countries. The findings revealed that gamers spend more time playing games on their mobile phones than on computers, tablets, or gaming consoles, with an average playtime exceeding one hour and 20 minutes. Interestingly, younger gamers aged 18 to 25 dedicate more hours per week to watching online games via smartphones than to viewing traditional sports on television sets. Additionally, gamers actively engage in betting practices related to games like poker, casino games, or sports such as football and cricket. These statistics clearly demonstrate the widespread popularity of mobile gaming among the younger populace. Consequently, an increasing number of young gamers participating in betting on various mobile games is expected to drive the growth of the mobile gambling market. Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Maintaining a convenience degree by rendering cashless modes of payment promises good growth. |
| Market Dynamics | Online betting is one of the fastest-growing segments, while the market aims for global growth in the ongoing forecast period. |
Mobile Gambling Market Highlights:
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