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

Despite a global gaming industry slowdown, the African gaming sector has become a beacon of growth, bucking current trends and ready to achieve the astonishing milestone of $1 billion by 2024. What is fueling this enormous surge? The rapid growth of mobile gaming.In conjunction with Carry1st, Africa's top publisher of games and digital content, Newzoo, the leading source of games market data and insights, has launched a new analysis that reveals the booming landscape of the African gaming business. This revelation demonstrates an industry that is robust, propelled by surging revenues by mobile gaming, and poised to follow a market upward trajectory. 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. 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. 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.