Mobile games will bring in nearly $29B by 2016 by squeezing players for more

Gaming on smartphones and tablets is a huge business that is only going to get bigger.

Juniper Research, a technology-consulting company, released a report today that claims that mobile games will generate $28.9 billion by 2016. That will represent a 38 percent increase from the $20.9 billion that the industry is on track to bring in this year. To reach these new heights, Juniper projects that mobile developers will shift their strategy to focus on squeezing more money from their most dedicated players.