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Latin America is the second fastest growing mobile market having generated $1.4 billion in revenue in 2016

Should hit $3 billion by 2019

Latin America is the second fastest growing mobile market having generated $1.4 billion in revenue in 2016

The mobile market in Latin America has grown 56% year-on-year and generates $1.4 billion in revenues from the segment for video games.

The data comes from Newzoo's latest Gamer Consumer Insights, which found that Latin America, consisting of Argentina, Brazil and Mexico, is the second-fastest growing region in the world after Southeast Asia.

It also found that while PC and console gaming currently take up the majority of the market, console gamers still play mobile games.

Paying everywhere

77% of paying console players in Argentina and 64% in Mexico also spend money on mobile games.

Mobile is set to overtake other consoles dramatically in the region, however. Newzoo predicts that by 2019, mobile revenues in Latin America will be at $3 billion, accounting for 48% of the gaming market in the region.

That said, this prediction is based on revenues continuing to grow exactly as they are now. Newzoo's own data suggests that Latin America's revenues go through periods of slow growth after a period of rapid growth.

Editor

Ric is the Editor of PocketGamer.biz, having started out as a Staff Writer on the site back in 2015. He received an honourable mention in both the MCV and Develop 30 Under 30 lists in 2016 and refuses to let anyone forget about it.

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