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Mobile Game Spending Continues Enormous Growth in Q3 2021

Gaming used to be something that people only did on consoles and PCs and the like, but nowadays playing games on mobile phones seems to be have become what people are most interested in. The pandemic, which has brought a number of stalwart industries to their knees, has ended up creating a situation wherein mobile games have actually seen a pretty huge increase in their profitability, and it appears that this rise is going to continue well into 2021 based on what Q3 reports are currently telling us.

As per AppAnnie's predictions, mobile games may see approximately 14.5 billion downloads in the third quarter of 2021. This indicates that new games are going to experience a pretty huge amount of popularity as well. What’s more is that these new games are turning about to be enormously profitable to boot. The reason for this is that consumers are spending more money on mobile games in general, with mobile game revenues experiencing a 35% year on year increase in the third quarter of 2021 which is something that indicates that the industry has a lot more strength in it than people might have initially ended up realizing.

The pandemic has made it so that people need something that they can use to keep their minds occupied and to pass the time, and this means that revenue has had the chance to shoot through the roof as well. In the third quarter of 2019, mobile game revenues sat at around $1.2 billion. However, in 2020 this number jumped to just over $1.5 billion. And now in 2021, we are seeing the industry rake in revenues in excess of $1.7 billion, something that bodes really well for the industry in general.

There was quite a bit of speculation that suggested that the growth that mobile games witnessed in 2020 was just a one off that was spurred by the pandemic. This would have meant that the growth would have slowed down this year. With all of that having been said and now out of the way, it is important to note that the growth has continued well into 2021, and the rate of growth has ended up increasing by a pretty large margin as well.

This increasing revenue is going to do a lot of good for the industry because of the fact that this is the sort of thing that could potentially end up putting a lot of investor concerns at ease. What’s more is that people that might have been interested in entering the industry and making a few games of their own will now have an incentive to do so with all things having been considered and taken into account. The growth is something that will spur a lot more innovation in this industry, and it further cements the status of mobile games as the most profitable sector of the tech world.

It will be interesting to see just how much the mobile gaming industry continues to grow. This has the potential to really change the way that games are created, since more developers would start focusing on mobile gaming as they would know that this is where the vast majority of their customers would end up being found.
Read next: Q3 2021 Forecasted to Be the Most Profitable in History for Apps

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