The global Games Applications Market size is expected to reach USD 241.07 billion by 2028 and is expected to grow at a CAGR of 13.3% from 2022 to 2028. With rapid digitalization, the penetration of smartphones with advanced hardware capabilities has increased over the last couple of years. In addition, there are very few entry barriers to this market. Gaming apps are the best alternative to video and computer games considering convenience. With the availability of resources, the development of the gaming app is less complex. Social media platforms, such as Facebook and Instagram, are also developing and offering a number of innovative gaming apps with a high level of differentiation and engaging end-users with games to enhance the advertising strategies. The Apple iOS store segment will register the highest CAGR from 2022 to 2028.
This
can be credited to the growing demand for highly-secured and multitasking
operating systems due to the data privacy of the end-users. Faster access and
enhanced user interference are fueling market growth. Cloud storage, efficient
battery use, and impeccable security to expert validated advice are reflecting
the significant market growth during the forecast period. Europe also accounted
for a significant revenue share in 2021 owing to the high demand for gaming
apps from the consumers of the U.K., France, and Germany. Increasing adoption
of the gaming apps and availability of a number of gaming options are the major
driving forces of the regional market. The less complex and low-cost
development processes of gaming apps are also boosting the market growth.
Furthermore, the rising demand for online games via social media platforms will
support the market growth.
Related Press
Release@ Game
Applications Market Report
Game Applications Market Report Highlights
- Europe
accounted for the largest revenue share of more than 19% in 2021. This
growth can be attributed to the high demand for gaming apps from the
consumers of the U.K., France, and Germany
- The Apple
iOS store segment is expected to register the fastest growth rate during
the forecast period
- This growth
can be credited to the growing demand for secured operating systems from
the smartphone users of the U.S. and U.K.
- The market
is characterized by the presence of various well-established
multinationals and several small- and medium-scale companies
- Software
companies are focusing on research & development activities to launch
the latest technology to improve the access speed and to increase the
adoption of gaming apps
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