Xsolla Report Forecasts $118B Mobile Gaming Revenue by 2027

Xsolla, a global video game commerce company, has released its quarterly report, "The State of Play Spring 2024," which highlights the impact of Europe's Digital Markets Act (DMA) on the mobile gaming industry, predicting a revenue growth to $118 billion by 2027 and emphasizing the importance of cross-platform play, innovative monetization models, and academia in shaping the industry's future. This description focuses on the primary topic (Xsolla's quarterly report on the mobile gaming industry), the main entity (Xsolla), the context (the impact of Europe's Digital Markets Act), and significant actions/consequences (revenue growth and industry trends). The description also provides objective and relevant details that will help an AI generate an accurate visual representation of the article's content, such as a graph showing revenue growth or an image of a mobile game with a "buy" button, representing the relaxation of in-app commerce rules.

author-image
Nitish Verma
New Update
Xsolla Report Forecasts $118B Mobile Gaming Revenue by 2027

Xsolla Report Forecasts $118B Mobile Gaming Revenue by 2027

Xsolla, a global video game commerce company, has published its quarterly report, The State of Play Spring 2024 edition, which focuses on the impact of Europe's Digital Markets Act (DMA) on mobile gaming. The report provides insights into emerging trends, pivotal shifts, and investment patterns in the gaming industry.

According to the report, mobile gaming commanded a 49% share of the global market in 2023 and is expected to reach $118 billion in revenue by 2027, up from $89 billion in 2023. The DMA, which went into effect in the European Union in March, is driving a shift towards more relaxed rules around "out-of-app commerce" for games, with regulatory bodies worldwide, including South Korea and India, following suit.

Why this matters: The growth of mobile gaming revenue has significant implications for the global economy, as it creates new opportunities for job creation, innovation, and cultural exchange. Furthermore, the relaxation of regulations around in-app commerce could lead to increased competition and innovation in the gaming industry, ultimately benefiting consumers.

The report highlights the importance of cross-platform play and innovative monetization models, providing actionable insights for developers and industry stakeholders. AI and Web3 are still growing but highly relevant, according to discussions at the Game Developers Conference.

Xsolla's report also emphasizes the importance of academia in the growth and diversification of the gaming industry, exploring how educational programs and initiatives develop talent and promote diversity and inclusivity within the gaming community. "As we introduce the latest edition of 'The State of Play,' we're not merely sharing industry insights but advocating for a transformative vision: Equal Access for Everyone," said Berkley Egenes, Chief Marketing and Growth Officer at Xsolla. "It's about breaking down barriers to ensure that every developer, regardless of company size, has the opportunity to showcase their creativity and reach a global audience."

The report features expert commentary from industry voices like Mukul Aurora, Cofounder of Appsoleut Games; Mariusz Gasiewski, CEO of Mobile Gaming and Apps Lead at Google; and Karla Reyes, Founder and Studio Director, Anima Interactive. It is available for complimentary download at xsolla.pro/txr-spring24.

Upcoming events include the GamesBeat Summit 2024, taking place May 20-21 in Los Angeles, featuring insights from leading voices and thought leaders in the industry, including David Stelzer, President of Xsolla, and Ron Scott, Vice President. Xsolla is also sponsoring the 8th Women in Gaming Breakfast at the summit.

The Xsolla State of Play Spring 2024 report provides a comprehensive look at the current state and future projections of the mobile gaming industry. With the $118 billion revenue forecast by 2027 and the impact of regulatory changes like Europe's Digital Markets Act, the report serves as an essential resource for developers, publishers, and investors navigating the evolving gaming landscape.

Key Takeaways

  • Mobile gaming to reach $118 billion in revenue by 2027, up from $89 billion in 2023.
  • Europe's Digital Markets Act drives shift towards relaxed rules on "out-of-app commerce" for games.
  • Cross-platform play and innovative monetization models are crucial for developers and industry stakeholders.
  • AI and Web3 are growing and highly relevant in the gaming industry, according to Game Developers Conference.
  • Xsolla's report emphasizes importance of academia in promoting diversity and inclusivity in the gaming industry.