Saturday, October 1, 2022

Gaming: mobile game market sees the major decline of 9.6% in Q1 2022

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According to a new survey, the majority of mobile game genres had a reduction in sending and downloads in the first half of 2022, with the overall mobile gaming market declining 9.6% year over year.

In the first half of 2022, the mobile gaming market shrank to $11.4 billion, according to new Sensor Tower Game Intelligence statistics. The only categories that saw a rise in income were arcade and tabletop games.

 mobile game
credit: Android Auhority

The revenue from arcade games climbed 14.8% over the previous year to almost $176 million. According to AppleInsider, other genres, such as hypercasual and RPG, experienced a dip.

Racing games experienced the biggest reduction in income, down 28.8% year over year, and geolocation augmented reality games suffered a drop of 26% during the same period.

In addition to the decline in revenue, the number of mobile game downloads decreased by 2.5% annually to 2.4 billion.

Even while downloads were essentially constant at 1.2 billion, revenue for just the second quarter of 2022 fell by 11.4% to $5.6 billion.

 mobile game
credit: economic times

According to the report, some factors, such as inflation, the end of Covid-19 lockdowns, and privacy improvements like the deprecation of the IDFA tag, are to blame for the general decline in the mobile gaming sector.

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also read:

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Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.


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