Mobile gaming continues to grow, and in recent months has been particularly fueled by smartphones and Apple's iPhone. According to a new report by Pyramid Research, the telecom research arm of the Light Reading Communications Network, the global mobile gaming market will grow at a 16.6 percent CAGR to reach $18 billion in 2014. Pyramid points to "explosive mobile subscriber growth in emerging markets" as a primary factor.
Jan ten Sythoff, analyst at Pyramid Research and co-author of the report, believes mobile gaming is a very promising industry. "Global mobile gaming revenue reached $6.9 billion in 2008, having grown strongly in recent years, with emerging markets contributing heavily," Sythoff said. "Today, apart from technological improvement and business-level innovation, the global mobile gaming market is also evolving fast on account of mobile adoption, and is expected to grow at a 16.6 percent CAGR during 2009 to 2014... This growth will be the result of both continued strength in emerging markets and increased usage in developed markets."