Mobile gaming market falls nearly 10% in first half of 2022

by IANS |

San Francisco, Aug 6 (IANS) The majority of mobile game genres saw a decline in sending and downloads in the first half of 2022, with the total mobile gaming market falling 9.6 per cent year-over-year, says a new report.

According to a new Sensor Tower Game Intelligence data, the mobile gaming market dropped to $11.4 billion in the first half of 2022. Arcade and Tabletop games were the only categories to see revenue increase.

Arcade game revenue increased 14.8 per cent year-over-year to around $176 million. Other genres -- from hypercasual to RPG -- declined, AppleInsider reported.

Racing games saw the greatest drop with a 28.8 per cent decline in revenue year-over-year, and geolocation augmented reality games dropped 26 per cent in the same period.

In addition to the drop in revenue, mobile game downloads also fell 2.5 per cent year-over-year to 2.4 billion.

Revenue for just the second quarter of 2022 decreased by 11.4 per cent to $5.6 billion, although downloads remained relatively flat at 1.2 billion.

The report attributes the overall drop in the mobile gaming market to a variety of headwinds and challenges, including inflation, the end of Covid-19 lockdowns, and privacy changes like the deprecation of the IDFA tag.

Latest News
5 bronze idols stolen from TN temple recovered; 4 arrested Wed, Aug 17, 2022, 05:25 PM
Cabinet clears proposal to enhance ECLGS corpus to Rs 5 lakh cr Wed, Aug 17, 2022, 05:24 PM
Himachal Congress working president Pawan Kumar Kajal joins BJP Wed, Aug 17, 2022, 05:22 PM
'Public should not be misled by statements against allopathy', Delhi HC on Coronil claims Wed, Aug 17, 2022, 04:37 PM
Driver, three associates held for raping employer's minor daughter Wed, Aug 17, 2022, 04:36 PM
Gadkari & Shivraj dropped from reconstituted BJP Parliamentary Board Wed, Aug 17, 2022, 04:35 PM
Gujarat ATS seizes 225 kg MDMA Wed, Aug 17, 2022, 04:20 PM
US first lady tests positive for Covid-19 Wed, Aug 17, 2022, 04:15 PM
Lack of treatment guidelines hampering monkeypox care globally: Study Wed, Aug 17, 2022, 04:12 PM
Musk says it's 'long-running joke' about buying Manchester United Wed, Aug 17, 2022, 04:08 PM
Robust demand for imports to provide upside risk to FY23 CAD projection of $105bn: Acuite Ratings Wed, Aug 17, 2022, 04:04 PM
Few stocks in Jhunjhunwala portfolio still trading down Wed, Aug 17, 2022, 04:01 PM
Airtel pays Rs 8,312.4 cr for 5G spectrum, settles 4 yrs' dues upfront Wed, Aug 17, 2022, 04:00 PM
SC: Can access to free education, drinking water, electricity be termed freebies? Wed, Aug 17, 2022, 03:58 PM
MP Forest staff surrender weapons protesting unilateral action by senior staff Wed, Aug 17, 2022, 03:55 PM