Console gaming has been popular for a long period of time, but there has been a decline in its popularity for the last 2-3 years. The gradual shift of developers towards mobile games has been a primary reason for this decline. Mobile games have attracted the developers because of the ease of developing the game and the minimal investment the business requires. Mobile gaming industry has been evolving due to the technological advancements in the gaming industry, which is being driven by the rising demand of portable interactive entertainment in the market. The expanse of the mobile gaming industry has gradually widened, from including developers, publishers and operators in its ecosystem, it now includes a host of players from adjoining verticals such as media firms, investment firms, event organizers and advertising agencies.