ResearchAndMarkets.com has prepared a forecast for the global gaming market for smartphones and tablets, covering the period from 2020 to 2030. In it, analysts tried to assess the impact on the specified market of the COVID-19 pandemic.
They expect the global gaming market for smartphones and tablets to grow from $ 58.3 billion in 2019 to $ 97 billion in 2020.
The COVID-19 pandemic opens up additional opportunities for providers of mobile games and application stores as people stay at home and spend more time with tablets and smartphones. This is evidenced by the fact that game downloads have increased markedly over the past few months. Along with young users, older people are showing interest in games, which is considered another reason for the increased demand for games during the COVID-19 pandemic. The market is expected to stabilize by 2023, reaching $ 130.7 billion, with an average annual growth of 22.4%.
Analysts note that augmented and virtual reality technologies, opening up new gaming opportunities, have a positive effect on the game market for smartphones and tablets.