Mobile Gaming Industry Revenue Statistics

How Much is the Mobile Gaming Industry Worth? Feb 2023

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In 2022, the global mobile gaming market is forecast to be valued at $152.50 billion, up $12.8 billion or 9.16% from the previous year. The growth and popularity of online mobile games surged during and after COVID-19 with the smartphone games such as PUBG, Fortnite, Pokémon Go, and Harry Potter: Wizards Unite.

This article features everything you need to know about the rapid growth and trends of the mobile gaming industry this year and the forecast period, including the revenue and number of mobile gamers by country, mobile games market share, and many more.

Editors Picks:

  1. $152.50 billion is the estimated mobile gaming market value in the world this 2023, an increase of $12.8 billion or 9.16% from the previous year. (Source: Statista)
  2. The United States generated $41.33 billion in revenue in 2023, dominating the mobile gaming market. (Source: Statista)
  3. The mobile gaming market growth is projected to be worth $133.64 billion in 2023 and $150.07 by 2023. (Source: GlobeNewswire)
  4.  In 2023, the global mobile gaming industry is expected to grow by 61%. It is expected to have a 59% share growth in 2021, with a 3.83% increase in market share. (Source: Statista, Mashable)
  5. 1.7 billion play mobile games worldwide this 2023, an increase of 48.39% from 2017. (Source: Statista)
  6. The global mobile gaming market is set to reach a 12.3% compound annual growth rate (CAGR) and reach $338 billion by 2030. (Source: GlobeNewswire)
  7. The user penetration is expected to be 22.9% in 2023 and 29.2% by 2027. (Source: Statista)
  8. The Mobile Games segment’s average revenue per user (ARPU) is expected to be $87.32 in 2023, up by $10.84 from 2021. (Source: Statista)
  9. Tencent is the largest mobile game company in the world, with revenue generating nearly $28 billion in 2021. (Source: History Computer, Statista)
  10. In 2023, the United States has the highest user penetration in mobile gaming by the percentage of the population (44.90%), followed by South Korea (43.40%). (Source: Statista)

How Much is the Mobile Gaming Industry Worth?

Video Game Industry Revenue by Year (2021-2024)

Year Mobile Gaming Revenue  (in billion USD)
2021 $139.70
2022 $152.50
2023 $172.10
2024 $189.50

Notes: The data shown is based on current exchange rates and reflects the market effects of the Russia and Ukraine war. It was last updated in November 2022.

(Source: Statista)

$152.50 billion is the estimated mobile gaming market value in the world this 2022, an increase of $12.8 billion or 9.16% from the previous year. It is estimated to generate $189.50 billion by 2024. (Source: Statista)

In July 2022, the global mobile gaming market generated an estimated $6.7 billion from gamers’ in-app purchases in Google Play Store and App Store, a 10.2% decrease year on year. (Source: SensorTower)

Mobile gamers usually spend their money purchasing in Mid-Core mobile games, which accounts for 60% in 2022. Mid-core games require more skill and strategy to master than casual games because they are more challenging and engaging. It also frequently includes side quests, multiplayer experiences, and resource management. (Source: SensorTower, App Lovin)

Video Game Industry Revenue by Device (2022)

Device Market Revenue (in billion USD)
Mobile $103.50
Console $53
PC $40.40

(Source: Statista)

The mobile device has the highest gaming revenue, with $103.50 billion in the world this 2022. Console follows with $53 billion, while PC comes in last with $40.40 billion. Smartphones generate the vast majority of mobile gaming revenue, with tablet devices accounting for only a tiny portion of total mobile gaming revenue. (Source: Statista)

Mobile puzzle games top the market by genre, generating 21.18% of mobile gaming revenue, specifically in iOS devices, in North America in the second quarter of 2021. (Source: Statista)

iOS Gaming Revenue By Genre US (2021)

Genre Revenue Share (%)
Puzzle 21.18
Casino 18.90
Strategy 17.17
RPG 14.23
Simulation 10.40
Shooter 5.56
Lifestyle 3.86
Sports 3.40
AR/Location based 1.67
Driving 1.60
Arcade 1.34
Card games 0.62
Hypercasual 0.06

(Source: Statista)

Puzzle games lead the mobile gaming market by genre with 21.18% revenue share, followed by Casino with 18.9% and Strategy games with 17.17 in the US this Q2 2021. (Source: Statista)

Top 10 Mobile Game Genres by Revenue Share on iOS (2021)

  1. Puzzle – 21.18%
  2. Casino – 18.9%
  3. Strategy – 17.17%
  4. RPG – 14.23%
  5. Simulation – 10.4%
  6. Shooter – 5.56%
  7. Lifestyle – 3.86%
  8. Sports – 3.4%
  9. AR/Location based – 1.67%
  10. Driving – 1.60%

Mobile Gaming Content Market Value US (2011-2022)

Year Mobile Gaming Content Revenue (in billion USD)
2011 $2
2012 $2.80
2013 $3.90
2014 $5.40
2015 $6.60
2016 $10
2017 $11.30
2018 $17.50
2019 $21.90
2020* $25.20
2021* $27.70
2022* $29.10

*all values are estimated

(Source: Statista)

The mobile gaming content market is estimated to be worth $29.10 billion this 2022. The mobile segment has a huge share of the overall gaming software market. It achieved $21.9 in revenue in 2019, so it is anticipated to have an increase of $7.2 billion this year. (Source: Statista)

Mobile Gaming Free-to-play (F2P) market value US (2018-2023)

Year Mobile F2P Market Share (in billion USD)
2018 $10.80
2019 $12.60
2020* $13.20
2021* $13.78
2022* $14.36
2023* $14.94

*all values are estimated

(Source: Statista)

Free-to-play (F2P) mobile gaming is expected to account for $14.36 billion in market share in 2022, rising to $14.94 billion by 2023 in the United States. The mobile segment is also expected to have the largest share in most of the F2P market. (Source: Statista)

Mobile Gaming Market Size Growth 2021-2030 (CAGR)

Year Mobile Gaming Growth Value (in billion USD)
2021 $119
2022* $133.64
2023* $150.07
2024* $168.53
2025* $189.25
2026* $212.53
2027* $238.67
2028* $268.02
2029* $300.98
2030* $338

*all values are estimated

(Source: GlobeNewswire)

The mobile gaming market growth is projected to be worth $133.64 billion in 2022 and $150.07 by 2023. In 2021, the value amount to $119 billion. This year’s anticipated value will increase by $14.64 billion. During the forecast period, the global mobile gaming market is forecast to reach a compound annual growth rate (CAGR) of 12.3% and reach $338 billion by 2030. (Source: GlobeNewswire)

An Ericsson and The Radicati Group report from 2021 shows that roughly 80.69% of the global population have smartphones. This equates to a total of 6,378 billion smartphone users worldwide. 89.84% of the global population, or 7.101 billion people, owned both a smartphone and a basic phone. (Source: GlobeNewswire)

Worldwide Mobile Gaming Revenue Share Growth

Year Mobile Game Market Share Growth (%)
2012 18
2013 23
2014 29
2015 34
2016 40
2017 46
2018 51
2019* 54
2020* 57
2021* 59
2022* 61

*all values are estimated

(Source: Statista, Mashable)

In 2022, the global mobile gaming industry is expected to grow by 61%. It is expected to have a 59% share growth in 2021, with a 3.83% increase in market share. (Source: Statista, Mashable)

Consumers tend to spend more than $1.6 billion weekly on mobile games in Google Play Store and App Store combined, resulting in a 30% increase over pre-pandemic games in the first quarter of 2022. Core games like PUBG Mobile continue to dominate consumer spending figures. (Source: Mashable)

Mobile Gaming User Revenue Statistics

In this section, you will discover the mobile gaming industry’s growth in user revenue, including the number of people who play games on mobile devices, the user penetration rate, and average revenue per user (ARPU).

How Many People Play Mobile Games in 2022?

(Source: Statista)

1.7 billion play mobile games worldwide this 2022, an increase of 48.39% from 2017. It is expected to grow, accounting for 2.3 billion mobile gamers by 2027, which will be up by 33.02% after five years despite China’s ongoing ban on several mobile games from the West. (Source: Statista)

Mobile Gaming User Penetration Rate

(Source: Statista)

The user penetration is expected to be 22.9% in 2022 and 29.2% by 2027. The user penetration rate fell by 1.3% this year, but it is anticipated to increase by 6.3% by 2027. (Source: Statista)

Mobile Games: Average Revenue Per User (ARPU)

(Source: Statista)

The Mobile Games segment’s average revenue per user (ARPU) is expected to be $87.32 in 2022, up by $10.84 from 2021. It is forecasted that it will reach $95.41 by 2027. In terms of global revenue, the United States is anticipated to generate the most, with $41.33 billion this year. (Source: Statista)

Top 10 Companies by Game Revenue Market Share

Tencent, the company behind PUBG Mobile and Honor of Kings, leads the mobile game revenue statistics with $27.88 billion. See below the top ten companies ranked by mobile gaming revenue in 2021, along with the year they were founded.

  1. Tencent (1998) – $27.888 billion
  2. Netease (1997) – $10.048 billion
  3. Garena (2009) – $4.320 billion
  4. Activision Blizzard (2008) – $3.182 billion
  5. Cygames (2011) – $2.282 billion
  6. Zynga (2007) – $2.250 billion
  7. Supercell (2010) – $2.240 billion
  8. miHoYo Limited (2011) – $1.495 billion
  9. Niantic (2011) – $909 million
  10. Electronic Arts (1982) – $718 million

(Source: History Computer)

What is the biggest video game company today?

Tencent is the largest mobile game company in the world, with revenue generating nearly $28 billion in 2021. Founded in China way back in 1998, they are the developers of popular mobile games such as PUBG Mobile, Honor of Kings, and Moonlight Blade (Tianya Mingyue Knife). (Source: History Computer, Statista)

With approximately $2.01 billion in revenue from gaming apps across the Google Play and Apple App Store worldwide, PUBG Mobile will be the most popular mobile game of Tencent in 2021. It also achieved the most downloaded mobile gaming title of the year. (Source: Statista)

In addition, Tencent’s market growth globally is because of its investments in over 40 gaming companies that developed popular gaming apps such as Fortnite, League of Legends, and Clash of Clans. (Source: History Computer)

Mobile Gaming Revenue by Country

Country Mobile Gaming Revenue (in billion USD)
United States $41.33
China $34.45
Japan $32.71
South Korea $10.31
Germany $3.43

(Source: Statista)

In 2022, the United States will generate $41.33 billion in mobile gaming revenue, topping the global charts. China comes in second with $34.45 billion, while Japan follows with $32.71 billion, falling 5% behind. South Korea takes the fourth spot with $10.31 billion, and Germany comes in last with $3.43 billion. (Source: Statista)

How Much is the Mobile Game Market Worth in the US

The United States generated $41.33 billion in revenue in 2022, dominating the mobile gaming market. It is set to reach a 7.31% compound annual growth rate (CAGR) by 2022 to 2027, projecting a market volume of $58.81 billion by 2027. (Source: Statista, Statista)

The user penetration is expected to be 44.9% in 2022 and 52.9% by 2027. It stems from the fact that the pandemic has dramatically affected the mobile gaming industry worldwide, particularly in the US. Game developers build more games, and smartphones are developed to provide a more robust user experience, attracting more gamers. As a result, the total market size will amount to $41.71 billion in 2022. (Source: Statista)

How Much is the Mobile Game Market Worth in China

China generated $34.45 billion in revenue in 2022, falling 16.64% behind the United States in the mobile games market. The number of gamers is anticipated to grow to 737.5 million, with a user penetration of 50.2% by 2027. (Source: Statista, Statista)

How Much is the Mobile Game Market Worth in Japan

Japan generated $32.71 billion in revenue in 2022, trailing China by 5% in the mobile games market. By 2027. The number of gamers is expected to reach 38.2 million, with a user penetration of 31.1%. (Source: Statista, Statista)

How Much is the Mobile Game Market Worth in South Korea

In 2022, South Korea generated $10.31 billion in revenue, trailing Japan by 68.48% in the mobile games market. By 2027, the number of gamers is expected to increase to 25.7 million, with a user penetration of 50.2%. (Source: Statista, Statista)

How Much is the Mobile Game Market Worth in Germany

Germany generated $3.44 billion in revenue in the mobile games industry in 2022. The number of gamers is expected to reach 19.4 million by 2027, with a user penetration of 23.2%. (Source: Statista, Statista)

Mobile Gaming Penetration by Country

Country User Penetration By Percent of Population
United States 44.90%
South Korea 43.40%
China 36.80%
Mexico 34.70%
United Kingdom 33.80%

(Source: Statista)

In 2022, the United States has the highest user penetration in mobile gaming by the percentage of the population (44.90%), followed by South Korea (43.40%). China comes in third with 36.80%, followed by Mexico with 34.70%. The United Kingdom ranks last with 33.80%. (Source: Statista)

Mobile Video Games Market Revenue Share by Year (2014-2022)

Year United States Japan China South Korea Taiwan
2014 27% 29% 7% 8%
2015 26% 30% 11% 7%
2016 23% 28% 19% 6%
2017 23% 26% 21% 7% 2%
2018 24% 26% 19% 6% 3%
2019 26% 23% 20% 6% 3%
2020 28% 22% 18% 7% 3%
2021 29% 21% 17% 7% 3%
Q1 2022 27% 20% 18% 7% 3%

(Source: Statista)

The United States had the world’s largest mobile gaming market in the first quarter of 2022, reaching approximately 27% of consumer spend, although it falls off 2% compared to 2021. Japan has experienced a steep decline since 2016. It peaked at 30% in 2015 and will fall by 10% by 2022. (Source: Statista)