Gaming Market
Traditional and Web3 Gaming Markets overview
Last updated
Traditional and Web3 Gaming Markets overview
Last updated
According to Grand View Research, the global gaming market size was worth 202.64 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.2% from 2022 to 2030.
In these last years, Multiplayer games, Free2Play, and massively multiplayer online games have consistently grown in popularity, a trend that is projected to extend over the coming years.
The online gaming segment is expected to witness a growth of more than 12% by 2030, integrating tech trends such as augmented reality (AR), virtual reality (VR), and mixed reality (MR), which are drawing massive interest in gamers.
Another relevant dataset concerns Device selection, which is still fragmented between Console, Mobile and Computer, with consoles growing to 31%.
Lastly, the Regional Insight showed that the Asian Pacific area acquired 50% of the total revenue share.
The Web 3.0 gaming market (also known as blockchain gaming) benefits from this positive global overview.
Fungies evaluated that the global Web3 gaming market size in 2021 was $5 billion, and is expected to surpass $30 billion by 2030 (18% CAGR).
At the same time, TechNavio reported a growth for the NFT market at a CAGR of 35%, and is expected to register an incremental growth of 147.24 billion USD between 2021 and 2026.
We believe one of the primary drivers behind the anticipated growth is the concept of proof of ownership. This enables players to truly own their gaming assets and be able to use or trade them anytime.
Other key factors of the Web 3.0. gaming industry are transparency and decentralization, two core aspects of this implementation of blockchain technology.
Those are some of the reasons which brought to 7.6 billion USD in investments to blockchain games, per DappRadar.
