Pune, India, Dec. 11, 2023 (GLOBE NEWSWIRE) -- The global Blockchain Gaming Market size was valued at USD 128.62 billion in 2022 and is projected to reach USD 614.91 billion by 2030, exhibiting a CAGR of 21.8% during the forecast period. Fortune Business Insights presents this information in their report titled "Global Blockchain Gaming Market Forecast, 2024-2030."
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Notable Industry Development:
July 2023 - WEMIX PLAY migrated to the WEMIX3.0 Mainnet. The migration would enable the connection of all games on WEMIX to the latter. PPP (Play Proof Protocol) is used for enhancing network interoperability. The protocol helps support secure transactions.
Key Takeaways
- Blockchain Gaming Market size in North America was USD 30.70 billion in 2022
- Surge in Online Gaming Favored Industry Expansion during COVID-19 Pandemic
- Role Playing Games Segment to Exhibit the Highest CAGR Owing to Launch of Theme-based Platforms
- Web-based Segment Holds Dominating Share Due to Advantage of Easy Accessibility
Discover the Leading Players Featured in the Report:
“Companies leading the global Blockchain Gaming Market are Dapper Labs Inc. (Canada), Sky Mavis (Singapore), Animoca Brands Corporation Limited (China), Illuvium (U.S.), WAX (China), Immutable (U.S.), The Sandbox (China), Mythical Inc. (U.S.), Splinterlands (U.S.), Wemade Co., Ltd. (South Korea) ”
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 21.8% |
| 2030 Value Projection | USD 614.91 billion |
| Base Year | 2022 |
| Blockchain Gaming Market Size in 2022 | USD 128.62 billion |
| Historical Data for | 2017 to 2021 |
| No. of Pages | 150 |
| Segments Covered | Game Type, Technology Type and Geography |
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Drivers and Restraints:
Market Value to Rise Owing to Soaring Demand for Cryptocurrencies and NFTs Across Gaming
The growing adoption of NFTs (Non-Fungible Tokens) is driving the blockchain gaming market growth. The technology helps generate several opportunities for gamers, enhancing their experience. Besides, it offers creators a new opportunity to monetize their digital content.
However, the rising implementation of various laws for regulating blockchain platforms may hinder industry expansion.
Segmentation
By Game Type
- Role Playing Games (RPG)
- Multiplayer Games
- Collectible Games
By Technology
- Web-based
- Android
- iOS
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Regional Insights:
North America Holds Key Share Owing to Escalating Popularity of NFTs
North America blockchain gaming market share accounts for a dominating position in the global market. The regional market size stood at USD 30.70 billion in 2022. The regional expansion can be attributed to the surging popularity of NFTs.
Europe market is poised to grow on account of increasing investments by tech giants and government bodies toward the development of gaming in the region.
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Competitive Landscape:
Major Players Launch New Solutions to Increase Geographical Footprint
Leading companies focus on introducing new gaming experiences. These solutions are being introduced to increase their geographical footprints. Market players are also keen to bring users digital ownership through the introduction of Web3 games.
FAQs
How big is the Blockchain Gaming Market?
The Blockchain Gaming Market size was USD 128.62 billion in 2022. It is expected to reach USD 614.91 billion by 2030.
How fast is the Blockchain Gaming Market growing?
The Blockchain Gaming Market will exhibit a CAGR of 21.8% during the forecast period, 2023-2030.
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Web 3.0 Blockchain Market Size, Share, Revenue Forecast and Opportunities
GameFi Market Overview, Industry Share and Forecast
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