Online Smartphone and Tablet Games Market to Reach $149.93 Bn, Globally, by 2027 at 21.8% CAGR: Allied Market Research

Online Smartphone and Tablet Games Market to Reach $149.93 Bn, Globally, by 2027 at 21.8% CAGR: Allied Market Research

PR Newswire

PORTLAND, Ore., Feb. 4, 2021

- Rise in smartphone penetration, free-to-play business model, and increase in the number of smartphone user fuel the growth of the global online smartphone and tablet games market

PORTLAND, Ore., Feb. 4, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Online Smartphone and Tablet Games Market by Operating System (iOS, Android, and Others) and Game Type (Massive Multiplayer Online Games, Casual, Social, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global online smartphone and tablet games industry was estimated at $30.49 billion in 2019, and is anticipated to hit $149.93 billion by 2027, registering a CAGR of 21.8% from 2020 to 2027.

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Drivers, restraints, and opportunities-

Rise in smartphone penetration, free-to-play business model, and increase in the number of smartphone user fuel the growth of the global online smartphone and tablet games market. On the other hand, rising concerns regarding user privacy and security issues impede the growth to some extent. However, surge in adoption of cloud gaming and growing use of machine learning and artificial intelligence in mobile gaming apps are expected to create lucrative opportunities in the industry.

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Impact of COVID-19 on Online Smartphone and Tablet Games Market:

Get detailed COVID-19 impact analysis on the Online Smartphone and Tablet Games Market: https://www.alliedmarketresearch.com/request-for-customization/4178?reqfor=covid

The android segment to dominate by 2027-

Based on operating system, the android segment contributed to nearly three-fifths of the global online smartphone and tablet games market share in 2019, and is expected to lead the trail by the end of 2027. The same segment would also register the fastest CAGR of 22.5% throughout the forecast period, owing to the open nature of android platform.

The massive multilayer online games segment to maintain the dominant share-

Based on game type, the massive multilayer online games accounted for more than half of the global online smartphone and tablet games market revenue in 2019, and is anticipated to dominate by 2027. Rapidly improving internet connection in developing nations of Asia-Pacific and LAMEA and growing gaming industry across the globe drive the segment growth. The casual segment, on the other hand, would exhibit the fastest CAGR of 22.4% from 2020 to 2027. The pandemic situation across the globe and increase in lockdowns in majority of countries have attracted more consumers to social media games, which propels the segment growth.

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Asia-Pacific, followed by North America, garnered the major share in 2019-

Based on geography, Asia-Pacific, followed by North America, garnered the major share in 2019, holding around half of the global online smartphone and tablet games market. The same region would also showcase the fastest CAGR of 23.9% during the forecast period. This is due to rise in online smartphone and tablet games among major Asian countries, which include China and Japan and decrease in purchasing cost of mobile gaming applications such as Liftoff, AppsFlyer, Clickky, AppLift, and Aarki in the region.

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Key players in the industry-

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