Not just fun and games: How mobile games have become big business
Mobile gaming is booming as companies find new ways to get consumers hooked – and to open up their wallets
Add BT as a preferred source
MOBILE games are now dominating the gaming industry, with companies finding fresh ways to milk revenue from consumers.
But while the segment has become a force to be reckoned with, industry players have noted that the ease of spending can easily lead to mounting costs for these consumers – an issue that regulators are increasingly concerned about.
In 2023, the mobile gaming market was worth around US$108 billion globally, with the segment comprising the bulk (56 per cent) of total worldwide consumer spending on video games, based on a report from mobile market data provider data.ai and IDC.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing
Sats may reward shareholders with special dividend if there’s spare cash
Property group Lee Kim Tah reaches settlement with ex-director in ongoing misconduct probe
