Consorteum Holdings, Inc. (CSRH) Mobile Gaming Development Strategy Riding Crest of Explosive Market Growth
Widespread reports continue to circulate indicating that US mobile game revenues for downloads and in-app purchases will continue to grow within the range of 16.5% in 2015 – approaching over $3 billion. Industry reporting icons such as Newzoo and eMarketer concur. The growth depicts mobile games accounting for 30.9% of the US mobile content market this year – a figure up from 29.3% in 2014.
US mobile game revenues are being driven by in-app purchases as a result of growing popularity of what developers are calling ‘freemium models.’ In 2015 in-app revenues for mobile games are expected to amount to $1.82 billion. This is analogous to 60% of all mobile game revenues.
Martin Utreras, senior forecasting analyst at eMarketer, has commented, “Since mobile content is native to the devices, it’s often new mobile users’ first introduction to mcommerce. As the US mobile user base matures, mobile content revenues are taking a smaller share of the overall mcommerce market as consumers become more comfortable buying physical retail items and making more expensive purchases from their devices.”
Consorteum Holdings has invested three years forming relationships and licensing agreements that serve to provide a foundation for the company’s niche in the mobile gaming market. As a result, CSRH is aided from those efforts and operates as a technology and services aggregator that delivers mobile content by way of its subsidiary, ThreeFiftyNine, Inc. (“359”).
Utilizing technologically advanced global solutions, the company uses a wide variety of products and services to deliver turn-key card and payment transaction processing solutions to its customer base. By working with numerous global technologies, Consorteum creates customized programs resulting in smarter, faster deployment of technologies, competitive pricing that result in new revenue streams.
Consorteum uses the most technically advanced global solutions available today through its efforts utilizing multitude of global technologies. Today the company is able to create customized programs that are achieving favorable results. This approach enables unparalleled flexibility when sourcing solutions, resulting in smarter, faster deployment of technologies, competitive pricing, and potential for new streams of revenue. Other Consortium core markets are mobile compliance gaming, sports, entertainment, financial institutions and healthcare.
For more information on the company visit www.consorteum.com
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