- SWRM has been restructured for growth, projects $6-7 million revenues by 2018
- Total global mobile gaming expected to grow to $58.1 billion by 2018, estimated to show 15% YOY growth in 2017
- SuperDataResearch Report: In global dollars, mobile gaming is largest digital platform of interactive media revenue
AppSwarm, Inc. (OTC: SWRM) split into two divisions when it acquired MediaPlay in mid-August 2017, and the company is now positioned to take a bigger role internationally in the large and fast-growing global mobile gaming market.
Ron Brewer, CEO and director of the company, calls SWRM a high technology acceleration firm in the multi-platform games industry. It remains as one company after the restructuring, but it has two interactive divisions. The first is MediaPlay, a games publisher focused internationally on larger projects, such as supplying services to TV channels. The second is Incubation and Acquisition Development (IAD), which is charged with acquisitions, pursuing gaming opportunities and providing e-commerce business solutions to enhance SWRM’s organic and new growth.
Mobile gaming represents a $50.3 billion global market in 2017, and it is projected to reach $58.1 billion in 2018, according to the SuperDataResearch report “Trends and Insights On Games and Interactive Media 2017” (http://dtn.fm/Qa855). The report also found that 46% of the gamers in the U.S. are women, and the number of consumers who watch video game content online is roughly 665 million in 2017. The research firm estimates that more people will watch video gaming content in 2017 than those who watch HBO, Netflix, ESPN, and Hulu combined.
Brewer said in an interview (http://dtn.fm/LfM8z) that his management team projects sales of $6-7 million by FY2018. The company recently entered into a joint venture with Estorerunner, a nationally franchised “on-demand” delivery service for local grocery stores and pharmacies.
AppSwarm also recently announced that it is developing a proprietary “last-mile” delivery app platform “for management and implementation needs that create highly enhanced efficiencies” (http://dtn.fm/Y7Hyn).
For more information, visit the company’s website at www.App-Swarm.com
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