Mordor Intelligence: The African gaming market will reach $3.72B by the end of 2029
Low base; high growth numbers.
Analysts at Mordor Intelligence estimate that the market will reach $2.14 billion by the end of 2024. The average annual growth rate until 2029 is expected to be 11.62%, reaching $3.72 billion.
Revenue growth will primarily be driven by the mobile segment, influenced by improved access to mobile phones and connectivity.
According to UN forecasts, by 2050, half of Africa’s population will be under 24 years old, making it one of the youngest regions in the world.
❗️However, Africa is not homogeneous. Countries on the continent vary in language and economic capacity, meaning growth will be concentrated in developing countries like Nigeria, South Africa, and Egypt.
Internet penetration in Sub-Saharan African countries is expected to reach 50% only by 2030.