With a growth of 10.4%, Panama’s mobile gaming market is projected to reach approximately US$ 35.5 million in 2024, according to according to the latest market forecast from Statista.
This reflects an annual growth rate of 8.27% (CAGR 2024-2027), leading to an anticipated market size of US$45.17 million by 2027. The growth is driven by a tech-savvy population and rising smartphone penetration.
Moreover, the number of users in the mobile gaming market in Panama is projected to hit 0.9 million by 2027 and user penetration is expected to rise from 17.5% in 2024 to 19.0% by 2027.
Mobile Games are paid and free app downloads for smart devices found on e.g. Apple’s App Store and Google’s Play Store.