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Rise of gaming industry download free10/21/2023 ![]() Within the last few years, the mobile gaming industry has been experiencing a rise in revenue, owing to one of the striking trends, termed the "free-to-play" operational model. The latest mobile slots have been designed to be cross-platform, providing slick and consistent gaming experiences across desktops and mobiles. This has been a significant boom in the iGaming industry. ![]() For instance, the advent of HTML5 technology has improved the performance of building apps more efficiently and smoothly. Furthermore, mobile game development technology has undergone severe improvements from its framework. ![]() It makes its money through advertisements) has also generated a lucrative demand, which, in turn, has led into garnering of broader customer base. In addition, the mobie games market operating with the premium-based model (the games which do not offer in-app purchase options to the end-user come under the premium-based model. In contrast, smartphones are the most economical products for all audience categories. Furthermore, video game consoles like Sony and Microsoft cost around USD 400–450, which is a higher investment category for casual gamers. For instance, an individual console game costs around USD 50–60, a heavy investment compared to mobile devices. In terms of substitute comparison, mobile devices hold a significant position compared to consoles and PCs, both in terms of price and performance, thereby creating a double-fold growth for the market. While focusing on the mobile gaming market, various micro-factors come into the picture that favors the scenario of the competitive landscape, resulting in low barriers for entry within the market.
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