DUBLIN, Sept. 2, 2021 /PRNewswire/ — The “Mobile Entertainment – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global market for Mobile Entertainment estimated at US$91.3 Billion in the year 2020, is projected to reach a revised size of US$257.1 Billion by 2027, growing at a CAGR of 15.9% over the analysis period 2020-2027.
Mobile Games, one of the segments analyzed in the report, is projected to record a 15.5% CAGR and reach US$132.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mobile Music segment is readjusted to a revised 18.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $24.6 Billion, While China is Forecast to Grow at 20.5% CAGR
The Mobile Entertainment market in the U.S. is estimated at US$24.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$59.1 Billion by the year 2027 trailing a CAGR of 20.5% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 14% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.
Mobile TV Segment to Record 12.8% CAGR
In the global Mobile TV segment, USA, Canada, Japan, China and Europe will drive the 12% CAGR estimated for this segment. These…
