TMCnet News
Blockchain in Gaming Market to Reach $818.5 Billion, Globally, by 2032 at 66.5% CAGR: Allied Market ResearchThe growth of the global blockchain in gaming market is driven by factors such as the rising interest in blockchain gaming, the rise in demand for decentralized games and assets, and technological advancements in smartphone technology. PORTLAND, Ore., April 27, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Blockchain in Gaming Market by Game Type (Role Playing Games, Open World Games, and, Collectible Games), by Platform (ETH, BNB Chain, Polygon, and Others), by Device Type (Android, Web, and iOS), by Industry Vertical (IT and ITES, Healthcare, Utilities, BFSI, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". The global blockchain in gaming market was valued at $4.9 billion in 2022, and is projected to reach $818.5 billion by 2032, registering a CAGR of 66.5% from 2023 to 2032.  Prime determinants of growth The growth of the global blockchain in gaming market is driven by factors such as the rising interest in blockchain gaming, the rise in demand for decentralized games and assets, and technological advancements in smartphone technology. However, lack of technical expertise and resources and lack of regulatory clarity hamper the blockchain in gaming market growth. On the contrary, a rise in demand for virtual assets is expected to offer remunerative opportunities for expansion of the blockchain in gaming market during the forecast period. Request Sample Report: https://www.alliedmarketresearch.com/request-sample/74987 Report coverage & details:
Covid-19 Scenario
Procure Complete Report (290 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/blockchain-in-gaming-market/purchase-options The role-playing games segment to maintain its leadership status throughout the forecast period Based on game type, the role playing games segment held the highest market share in 2022, accounting for around half of the global blockchain in gaming market revenue, and is estimated to maintain its leadership status throughout the forecast period, due to the rise of blockchain technology, developers are creating cross-platform games that can be played on multiple devices and platforms. However, the collectible games segment is projected to manifest the highest CAGR of 72.2% from 2023 to 2032, as players are demanding more immersive game worlds that feel like real, living environments. This includes more realistic graphics, more interactive environments, and more dynamic non-player characters (NPCs). The ETH segment to maintain its leadership status throughout the forecast period Based on platform, the ETH segment held the highest market share in 2022, accounting for nearly half of the global blockchain in gaming market revenue, and is estimated to maintain its leadership status throughout the forecast period, as Ethereum (ETH) provides a secure and transparent system for creating and trading blockchain-based game assets, such as game tokens, virtual currency, and Non-Fungible Tokens (NFTs). However, the polygon segment is projected to manifest the highest CAGR of 74.7% from 2023 to 2032, owing to significant growth in the number of decentralized gaming platforms being built on its network. The web segment to maintain its lead position during the forecast period Based on device type, the web segment accounted for the largest share in 2022, contributing to more than two-fifths of the global blockchain in gaming market revenue. This growth can be attributed to the accessible and user-friendly gaming experience provided by the web. Players can easily jump from a web browser to web-based games without having to download or install software. However, the android segment is expected to portray the largest CAGR of 70.4% from 2023 to 2032, and is projected to maintain its lead position during the forecast period. This is owing to rise in adoption of android devices among end users and the ease of deployment platform. Asia-Pacific to maintain its dominance by 2031 Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for two-fifths of the global blockchain in gaming market revenue. This region is expected to portray the largest CAGR of 70.3% from 2023 to 2032, and is also projected to maintain its lead position during the forecast period, owing to rise in NFTs for trading in-game assets such as weapons, skins, and avatars. Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/74987 Leading Market Players: -
The report provides a detailed analysis of these key players of the global blockchain in gaming market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. Trending Reports in ICT & Media Industry: Massive IoT Market Expected to Reach $521.2 Billion by 2031 Machine Learning in Pharmaceutical Industry Market Expected to Reach $26.2 Billion by 2031 Subscriber Data Management Market Expected to Reach $25.5 Billion by 2031 Artificial Intelligence (AI) in Social Media Market Expected to Reach $12 Billion by 2031 Industry 4.0 Market Expected to Reach $618.4 Billion by 2031 About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/3950895/Allied_Market_Research_Logo.jpg
SOURCE Allied Market Research 
|
View original content: