Revenue from games could surpass the USD 100 billion milestone sooner than previously thought!
Games economy is becoming bigger and bigger with each passing year. Out of the top ten most grossing mobile publishers in 2017, eight were game-related, according to a report from market intelligence firm Sensor Tower. There are more than 10 mobile games which have raked more than a billion dollar each in revenue since their launch and many of them are still going strong even as new challengers keep coming up.
How games are cornering the App economy can be gauged from the fact that games contributed more than 82 percent of all app spent globally. The total app revenue was USD 58.6 billion while spending on mobile games USD 48.3 billion. The spending has been increasing at the rate of more than 30% year on year for last five years. The growth estimates are being revised almost on quarterly basis. Some forecasters are already predicting it to become a USD 100 billion revenue generator by 2020. And estimates do not look farfetched.
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