According to the latest industry estimates, the mobile gaming market is set to grow at a rate of 19% per year through 2016.
The huge growth of the mobile gambling market in 2012 and 2013 is expected to continue over the new few years, with more companies such as W3i investing in native iOS and Android operating systems.
The owners of MobileCasinos.co report that mobile gaming is set to grow at an average rate of 19% for smartphones and just under 50% for tablets. Smartphone games will hit $13.9 billion in revenue in 2016, while tablet and smartphone devices will account for over one fifth of the global market.
“Mobile gaming has been the elephant in the room for quite some time now,” a statement from MobileCasinos.co reads. “Companies such as Juniper Research have traditionally over-estimated growth rates for mobile gambling; however, in 2012 and 2013 we saw these markets grow by more than 10%. The rate of growth is only going to continue as more gaming companies such as Zynga contract out mobile app development and invest native apps for mobile devices.”
Prior to the development of mobile gambling apps and smart phones, users that wanted to wager money online would have to visit a website, install a Java-based toolbar and create an account. The user would then have to choose a suitable deposit method and wait 1-2 weeks for a bank wire or eCheck to clear.
Today, the company summarizes, users can simply search, download and open an account on a casino or betting app on smartphones (such as the HTC One or Apple iPhone 5) within minutes.
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