Racing Games - Mexico
Mexico- The Racing Games market in Mexico is expected to witness impressive growth in the coming years.
- According to projections, the total revenue in this market is projected to reach US$7.33m in 2022.
- This indicates a significant potential for growth in the country.
- Furthermore, it is anticipated that the Racing Games market will experience an annual growth rate of 8.49% from 2022 to 2027.
- As a result, the market volume is projected to reach US$10.92m by 2027.
- This demonstrates a positive outlook for the future of the Racing Games market in Mexico.
- In terms of revenue streams, it is estimated that the in-app purchase (IAP) revenue will reach US$3.34m in 2022.
- Additionally, the paid app revenue is projected to reach US$683.00k in the same year.
- Moreover, the advertising revenue in the Racing Games market is expected to reach US$3.31m in 2022.
- Furthermore, the number of downloads in the Racing Games market is anticipated to reach 248.80m downloads in 2022.
- This indicates a significant interest and demand for racing games among the Mexican audience.
- Currently, the average revenue per download is expected to be US$0.03.
- This metric provides insight into the monetization potential of the Racing Games market in Mexico.
- When compared globally, it is noteworthy that China generates the highest revenue in the Racing Games market, reaching US$726.10m in 2022.
- This highlights the dominant position of China in the global market segment of Racing Games market.
- Key regions:
- Asia,
- Europe,
- United States,
- South Korea,
- Japan
Definition:
Racing game apps require players to drive their vehicles, usually against other drivers, along racetracks. One successful example is Mario Kart, which has taken the cast and characters from the original Super Mario platform game and incorporated them into a competitive racing game with weapons and power-ups. Another popular racing franchise with an extensive history on the PC and consoles, Need for Speed, now has several apps.Additional Information:
We consider three different sources of revenue:- Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
- Paid app revenue from the one-time purchase of an app
- Advertising revenue obtained from showing ads within an app
In-Scope
- Apps that can be downloaded from major app stores such as Apple, Inc.'s App Store and the Google Play store, or in the case of China, from stores such as Huawei AppGallery and Tencent Appstore.
- Apps that are run on iPhones and Android phones.
Out-Of-Scope
- Apps exclusively offered by Microsoft Store and Amazon Appstore for Android.
- Custom-made apps not available from any official app store.
- B2B/C2C app sales of any kind.
- Subscription revenues outside of in-app purchases (for example, Netflix and Spotify use their own payment systems outside of their apps).
