Also, it will provide you information about the revenue generated in this field.
It
is unambiguous that mobile phones (smartphones) are a necessary part of
our lives. From improving the living standards of a particular to a
gadget without which life seems incomplete, this technology has
increased its worth gradually. According to a survey conducted, people
spend about 5 hours a day using mobile phones. Mobile provides numerous
benefits, including ease of communication, social interaction, safety
measures, a tool of knowledge, social entertainment, visual interaction,
and the most important of all, a business platform in this demanding
era.
MOBILE GAMING INDUSTRY
According to the contributors, there is a clear and wide scope of
profit in the gaming industry, especially when it comes to mobile
phones. The gaming industry is estimated to cross $300 billion by 2025.
Mobile gaming
comes forward with a business platform crossing $68.5 billion, according to Omer Kaplan CEO at a well-known mob ad
monetization
platform the Ironsource.
When it comes to a statistical point of view,
gaming applications for mobile phones
account for 33% of all the app downloads, 74% of the consumer’s spend,
and ten %of all time spent in the app. Predictions are made that over
2.4 billion users are found on
mobile gaming applications
In terms of time spent on the application, these rules over certain sound applications such as Spotify and Apple music.
On
the other hand, televisions seem to loose there importance as mobile
phone applications are more user interactive, especially games which
develop a good user interface. The gender split in the mobile gaming
industry includes 51% female and 49% male. The estimated age of a gamer
is between 36-50.
The main reason behind such growth is that these gaming applications are easy to download, interactive to play, and a way of
generating revenue
REVENUE
When it comes to earning by means of
mobile gaming applications
, then a great source is monetization. Many sources are available to generate revenue amongst which
Ironsource
and
Google AdMob
are most famous.
Ironsouce helps users to earn by means of small rewarded videos during gameplays.
Admob monetization
creates in-app advertisements added to numerous native UI components.
Google SDK is used by Admob monetization, helping users to maximize ad
earnings. Also, this provides an opportunity to the users whether they
wish to watch the ad or skip as per their interest.
Rewarded
video advertisements can boost your application’s revenue by 20% to 40%.
Average estimation about the rewards through Ironsource for
monetization is about $10 to 50$. This means that a crystal clear value
exchange is provided to the users.
These monetizations pay approximately $1 to $1 per 1000 ad impressions as per the CPM (Count per Mile).
Another estimation is made that 10,000 active users per day will help you to generate about 500-1000 rupees per day.
A brighter future is expected for investors to gain interest in mobile gaming platforms.
Read more on: https://www.dotnek.com/Blog/Games/mobile-gaming-market-statistics-and-its-reven
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