Africa's gaming market projected to surpass $1 billion by 2024

<span>Africa's gaming market projected to surpass $1 billion by 2024</span>, <p>Amidst a global downturn in the gaming industry, the African gaming market has become a beacon of growth, defying prevailing trends and poised to surpass the remarkable milestone of $1 billion by 2024. The driving force behind this unprecedented surge? The rapid expansion of mobile gaming.</p>, <p>Newzoo, the leading provider of games market data and insights, in collaboration with Carry1st, Africa's prominent publisher of games and digital content, has released a groundbreaking report that uncovers the thriving landscape of the African gaming industry.</p>, <p>This revelation showcases an industry that stands resilient, fueled by the soaring revenues from mobile gaming, and ready to chart an upward trajectory in the market.</p>, <p>Carry1st's commissioned report reveals staggering projections for the Sub-Saharan Africa gaming market, with forecasts surpassing the $1 billion threshold by 2024, followed by an estimated growth rate of 10.6% the following year.</p>, <p>The most striking aspect of this surge is the pivotal role played by mobile gaming, outpacing the combined revenues generated by console and PC gaming.</p>, <p>These findings build upon a previous 2021 report from Newzoo and Carry1st, which shed light on the Sub-Saharan Africa games industry's exceptional potential, anticipated to witness a jaw-dropping 728% surge over a decade.</p>, <p>More insights extracted from the comprehensive study include:</p>, <p>Commenting on the report, Cordel Robbin-Coker, CEO and Co-founder of Carry1st, said: "Obtaining reliable data on the African market has historically been a challenge, making our partnership with Newzoo to share this report truly rewarding. The latest findings reinforce Africa's position as the world's fastest-growing mobile gaming market, a phenomenon magnified by Western markets grappling with slowing growth and decline."</p>, <p>Robbin-Coker added an ambitious outlook, proclaiming, "With a massive surge in internet user