The Latin America mobile gaming market size reached USD 6.81 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 15.41 Billion by 2033, exhibiting a growth rate (CAGR) of 8.80% during 2025-2033. The growing improvement in internet connectivity, increasing mobile eSports, and rising traction of cloud gaming platforms, enabling users to play resource-intensive games on devices with lower processing power, are some of the factors impelling the growth of the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 6.81 Billion |
Market Forecast in 2033 | USD 15.41 Billion |
Market Growth Rate (2025-2033) | 8.80% |
Rapid Smartphone Penetration and Improved Internet Connectivity
Improved internet connectivity is playing a pivotal role in expanding mobile gaming reach. Besides this, regional internet penetration is rising, driven by infrastructure investments in 4G and emerging 5G networks. Moreover, countries like Brazil and Mexico are experiencing significant progress in the rollout of 5G services, increasing download speeds and lowering latency, which are crucial for multiplayer and cloud-based gaming experiences. The expansion of mobile phone usage in Latin America is supporting the growth of the market. In recent years, the proliferation of affordable smartphones is widening the user base significantly, enabling more individuals to engage in mobile gaming. According to the Mobile Economy Latin America 2-2024 reported by GSMA report, 418 million people in Latin America used mobile internet by the end of 2023.
Rise of Mobile eSports and Community Engagement
Mobile eSports is becoming a prominent facet of the mobile gaming ecosystem in Latin America, significantly contributing to the market growth. The competitive gaming scene is transitioning from a niche community to a mainstream entertainment source, supported by dedicated eSports organizations, sponsorship deals, and public interest. This rise in competitive gaming is backed by high-profile mobile game releases that facilitate eSports gameplay. Such games are becoming cornerstones of the eSports ecosystem due to their easy accessibility and optimized performance on a range of devices. For instance, in 2024, Pragmatic Play launched its social tournaments in Latin America. This platform combined socialization and gamification to attract users across the continent, and this form of entertainment invited players to participate in online slot tournaments for free. The variety of tournaments available on the platform in terms of duration and participating games are some of the popular characteristics appealing to gamers. Additionally, the emergence of streaming platforms is amplifying the reach and appeal of mobile eSports. These platforms enable gamers to engage with their communities, share strategies, and compete in real time, creating a dynamic environment that promotes player retention and draws new participants into the market.
Emergence of Cloud Gaming Platforms
Cloud gaming technology is emerging as a crucial aspect in the Latin American mobile gaming sector, removing hardware barriers that previously limited the gaming experience. With cloud gaming, users can play resource-intensive games on devices with lower processing power, as most of the game processing is handled on remote servers. This accessibility is pivotal in regions where budget smartphones and older devices are common. Several major gaming companies and tech giants are expanding their cloud gaming offerings to the region. By leveraging existing 4G and emerging 5G networks, cloud gaming services can offer smoother gameplay and high-quality graphics that were previously unattainable on low-spec devices. Moreover, the increasing adoption of cloud computing is bolstering the growth of the market. As per the Cloud in Latin America 2023 report by NTT Data, 80% of companies in Latin America reached the cloud adoption rate.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, device type, platform, and business model.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes action or adventure, casino, sports and role playing, and strategy and brain.
Device Type Insights:
A detailed breakup and analysis of the market based on the device type have also been provided in the report. This includes smartphone, smartwatch, PDA, tablet, and others.
Platform Insights:
The report has provided a detailed breakup and analysis of the market based on the platform. This includes Android, iOS, and others
Business Model Insights:
A detailed breakup and analysis of the market based on the business model have also been provided in the report. This includes Freemium, Paid, Free, and Paymium.
Country Insights:
The report has also provided a comprehensive analysis of all the major country markets, which include Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Types Covered | Action or Adventure, Casino, Sports and Role Playing, Strategy and Brain |
Device Types Covered | Smartphone, Smartwatch, PDA, Tablet, Others |
Platforms Covered | Android, iOS, Others |
Business Models Covered | Freemium, Paid, Free, Paymium |
Countries Covered | Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: