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.
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.