Latin America Mobile Gaming Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Latin America Mobile Gaming Companies and it is segmented by Geography (Brazil, Argentina, Chile, Columbia, and Rest of Latin America). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Latin America Mobile Gaming Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Latin America Mobile Gaming Market Size

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Latin America Mobile Gaming Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 2.94 Billion
Market Size (2029) USD 4.74 Billion
CAGR (2024 - 2029) 10.01 %
Market Concentration Medium

Major Players

Latin America Mobile Gaming Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Latin America Mobile Gaming Market Analysis

The Latin America Mobile Gaming Market size is estimated at USD 2.94 billion in 2024, and is expected to reach USD 4.74 billion by 2029, growing at a CAGR of 10.01% during the forecast period (2024-2029).

  • Moreover, the growing Internet penetration rate and smartphone users are fuelling the growth of this market. Additionally increasing trend of 5G adoption is also supporting the development of mobile games in this market. According to a survey of PagBrasil Pagamentos Eletronicos LTDA, the mobile gaming market in Brazil generated revenue of USD 1,650 million in the previous year.
  • According to the Ericsson Mobility Report, Latin American mobile subscriptions in the current year are 710 million, smartphone subscriptions are 570 million, LTE subscriptions are 520 million, 5G subscriptions are 19 million, Data traffic per smartphone is 10.5 Units GB/month, and Mobile data traffic 5.3 EB/month.
  • Moreover, Latin American powerhouse Brazil is ranked 13th worldwide and first in the region. Estimates show that 70% of Brazilians play video games, primarily on mobile devices. According to Pesquisa Games Brasil (PGB), almost half (51%) of Brazilian gamers spend more than 20 hours per week playing.
  • The Ministry of Culture of Argentina reported that 70% of new users play video games, with over 60% preferring to do so on smartphones. Additionally, the number of mobile gamers rose due to the lockdown scenario during the COVID-19 pandemic. Hence this considerable demand can create a substantial market potential for the major vendors.
  • According to Brazilian Games Export Program by Abragames (Brazilian Games Companies Association), this year, the Game Developers Conference (GDC), in partnership with ApexBrasil (Brazilian Trade and Investment Promotion Agency), will display 25 studios. The Brazil Games group is prepared to highlight some excellent items and draw attention to the thriving Brazilian gaming market. Puzzlers, roguelikes, single-player, multiplayer, and all other types of video games fall under this category.

Latin America Mobile Gaming Industry Overview

The mobile gaming market in this region is competitive due to the presence of a few dominant players such as Activision, Konami Holdings, Riot Games, etc. Moreover, significant companies focus on developing advanced technology to differentiate them from their competitors.

In June 2022, Green Man Gaming Limited launched the comedic space combat adventure game "The Galactic Junkers" with all new features such as mine, salvage, steal, and trade, and others for PlayStation 4 and XBOX.

In June 2022, Konami Corporation launched the mobile version of Football PES 2021, which has now been updated to football 2022. In addition, various in-game events and campaigns featuring the theme of Season 2 have also started on console and mobile. This new version added finesse dribble, a dynamic dribbling technique for this mobile game.

In October 2022, Riot games completed its acquisitions with Wargaming Sydney, a gaming software development studio. The studio produced the software architecture and game development tools necessary to construct multiplayer games like massively multiplayer online games (MMOGs). After being acquired by Riot, Wargaming Sydney will take the name Riot Sydney and work with Riot to create games like League of Legends and Valorant.

Latin America Mobile Gaming Market Leaders

  1. KONAMI

  2. Riot Games, Inc.

  3. Tapps games

  4. Epic Games, Inc.

  5. Activision Publishing, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Latin America Mobile Gaming Market Concentration
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Latin America Mobile Gaming Market News

  • November 2022: According to Yonoget S.A gaming report, Hipodromo Argentino de Palermo and Casino Buenos Aires, two of the city of Buenos Aires's entertainment hotspots, are now included in the online proposal. The Buenos Aires City Lottery (LOTBA in Spanish), which also approved Boldt in February 2022 and Grupo Slots and Gaming Innovation Group (GIG) in March 2022, has accepted the Online Gaming Platform Implementation Program offered by Codere, which plans to begin operations soon.
  • June 2022: With new regulations for online casino operators approved in Brazil, operators must pay a license fee of USD 4.4 million. The validity for the individual license is five years. These regulations apply to both new and current operators. For instance, in 2022, NetEnt launched several new online live casino games, NetEnt slots, including Gonzo's Quest, Starburst and Mega Joker. One of the popular starting points in video poker is NetEnt's Jacks or Better Double Up.

Latin America Mobile Gaming Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Threat of New Entrants
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Impact of COVID19 on Mobile Gaming Market in Latin America

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Mobile Gaming Players and In-game Purchases
  • 5.2 Market Restraints
    • 5.2.1 Unstable political landscape, internet infrastructure, local payment solutions and also alternative payments etc

6. KEY DEMOGRAPHIC INFORMATION - LATIN AMERICA

  • 6.1 Smartphone Penetration and Ecosystem (Preferred Brands, Major Operating Systems, etc.)
  • 6.2 Internet Penetration
  • 6.3 Gaming Population (By Age and Gender)
  • 6.4 Gaming Preferences (Genre, Platform, etc.)
  • 6.5 Top 10 Games, By Platform And Publishers

7. MARKET SEGMENTATION

  • 7.1 Geography
    • 7.1.1 Brazil
    • 7.1.2 Argentina
    • 7.1.3 Chile
    • 7.1.4 Columbia
    • 7.1.5 Rest of Latin America(Peru, Bolivia etc.)

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles
    • 8.1.1 Tapps Games
    • 8.1.2 TFG Games
    • 8.1.3 Dynamic Games (Dynamic Games Entretenimento)
    • 8.1.4 PlayKids Inc,
    • 8.1.5 Media Design and Creative Entertainment S.A. de C.V.(Ennui Studio)
    • 8.1.6 Focka Games
    • 8.1.7 HyperBeard, Inc
    • 8.1.8 WASHAWASHA SA DE CV
    • 8.1.9 Konami Holdings Corporation
    • 8.1.10 Activision Publishing, Inc.
    • 8.1.11 Riot Games Inc.
    • 8.1.12 Abstract Digital Works
    • 8.1.13 AmnesiaGames, Inc.
    • 8.1.14 Epic Games, Inc.
  • *List Not Exhaustive

9. INVESTMENT ANALYSIS

10. FUTURE OUTLOOK OF THE MAREKET

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Latin America Mobile Gaming Industry Segmentation

Mobile games are designed for mobile devices, such as smartphones, feature phones, pocket PCs, personal digital assistants (PDA), tablet PCs, and portable media players. The scope of the study focuses only on mobile gaming, specifically games that work on iOS and Android smartphones.

The Latin American mobile gaming market is proliferating due to the increasing trend of smartphone users in different countries. Moreover, WHO's (World Health Organization) global campaign #PlayApartTogether is encouraging people across various regions to play video games during this COVID-19 pandemic.

The Latin America mobile gaming market is segmented by geography (Brazil, Argentina, Chile, Columbia, Rest of Latin America).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Geography Brazil
Argentina
Chile
Columbia
Rest of Latin America(Peru, Bolivia etc.)
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Latin America Mobile Gaming Market Research FAQs

How big is the Latin America Mobile Gaming Market?

The Latin America Mobile Gaming Market size is expected to reach USD 2.94 billion in 2024 and grow at a CAGR of 10.01% to reach USD 4.74 billion by 2029.

What is the current Latin America Mobile Gaming Market size?

In 2024, the Latin America Mobile Gaming Market size is expected to reach USD 2.94 billion.

Who are the key players in Latin America Mobile Gaming Market?

KONAMI, Riot Games, Inc., Tapps games, Epic Games, Inc. and Activision Publishing, Inc. are the major companies operating in the Latin America Mobile Gaming Market.

What years does this Latin America Mobile Gaming Market cover, and what was the market size in 2023?

In 2023, the Latin America Mobile Gaming Market size was estimated at USD 2.67 billion. The report covers the Latin America Mobile Gaming Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Latin America Mobile Gaming Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Latin America Mobile Gaming Industry Report

Statistics for the 2024 Latin America Mobile Gaming market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Mobile Gaming analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.