A game engine is software used to generate and develop video games for personal computers, mobile phones, game consoles, and other devices. The automotive industry generates a great need for game engines used to develop UI and UX design. Gaming has many applications and is mainly found in academic and professional domains. The global gaming market is primarily driven by the changing demographics of gamers, the high installation costs of hardware and software, and the growing need for high-speed Internet connectivity.
Game Applications market size is expected to reach $335B USD by 2030, at a CAGR of 13.32%: Straits Research
Rapid acceleration of digitization is propelling the global market
In terms of ease of use, playing video games on a computer or console is not as good an option as using game apps. The game app building procedure has been streamlined considerably due to the abundance of readily available materials. The social media platforms, such as Facebook and Instagram, also generate and market various distinctive gaming apps with a high differentiation. In addition, these platforms engage end users with games to boost their advertising strategies.
Rising demand for online gaming via social networking sites creates huge opportunities
This may be related to the growing demand for operating systems that are highly secure and capable of multitasking as end users become increasingly concerned about data security. Increases in the speed of access and the level of user interaction are driving the growth of the market. Cloud storage, optimal use of batteries, impeccable security and validated professional advice are all elements that indicate the substantial growth of the market over the forecast period. Europe accounted for a significant portion of total revenue in 2021 due to increased demand for gaming apps from users in the UK, France and Germany. The rising popularity of mobile gaming applications and the availability of a wide variety of gaming options are the main drivers for growth in the regional industry. The development of gaming applications becomes more accessible and cheaper, leading to the expansion of the company. Moreover, the market expansion would be boosted by the rising demand for online games on social media platforms.
Report scope
Regional analysis
The Asia-Pacific region will show a significant growth rate with China accounting for 32% of the game engine market share and is considered one of the leading game engine developers worldwide. A sizable consumer market, the increasing prevalence of mobile gaming and the growing appeal of electronic sports will contribute to the expansion of the region. China is often considered the gaming capital of the world. This is mainly due to the growing demand for entertainment and the increasing penetration of smartphones in this region.
Essentials
- The global game applications market size was estimated at USD 108.76 billion in 2021. It is expected to reach USD 335.14 billion by 2030, growing at a CAGR of 13.32% during the forecast period (2022-2030).
- Based on the market, the market is split into Android, iOS and other platforms. The Android segment had the largest market share and is expected to have a significant growth rate during the forecast period.
- The Asia-Pacific region will show a significant growth rate with China accounting for 32% of the game engine market share and is considered one of the leading game engine developers worldwide.
Major Players of the Gaming Applications Market:
- Tencent
- Nintendo
- Activision Blizzard
- Ubisoft
- Electronic Arts Inc.
- Take Two Interactive Software Inc.
- Bethesda Softworks LLC
- Zynga
- epic games inc.
- NetEase Inc.
Global Game Application Market: Segmentation
on marketplace
Google Play Store
Apple iOS Store
per region
North America
Europe
Asia-Pacific
LAMEA
Subscribe to App Developer Magazine for only $5.99 a month and enjoy all these benefits.
0 Comments