The recent report suggests that the US mobile gaming market is on an upward trajectory, with forecasts suggesting that it will reach a staggering $23.1 billion by 2033.
Amid the meteoric rise in iGaming and esports, the gaming sector is witnessing an incredible transformation, propelled by technological innovation and changing user preferences. As smartphones continue to dominate as the preferred gaming platform, cloud gaming and 5G technologies are enticing players with the immersive mobile gaming experience.
iGaming and Esports: Growing With 5G Connectivity
According to a report by Persistence Market Research, the US mobile gaming market is expected to grow at a compound annual growth rate (CAGR) of 12.6%. By 2026, smartphones will account for nearly 80% of all handheld gaming traffic.
By 2026, smartphones will account for nearly 80% of all handheld gaming traffic. This trend mirror the global rise in mobile gaming adoption across major hubs in Asia and Europe. Some trending esports games like PUBG Mobile, Fortnite and Call of Duty: Mobile (CODM) hold their position to attract millions of players, which ensures mobile remains the preferred platform for competitive gaming.
Technological advancements such as cloud gaming and 5G connectivity are eliminating the need for high-end gaming hardware. Low-latency connections allow users to seamlessly experience high-quality gaming without the constraints of expensive devices.
On the other hand, there is a new trend about to build. The integration of Virtual Reality (VR) and Augmented Reality (AR) is enhancing the gaming ecosystem by offering immersive experiences for both players and spectators. Esports fans can now watch live tournaments in virtual arenas.
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