📈Growth & Potential

Market projections and Blockchain gaming

In the last decade, the gaming industry has undergone remarkable growth and evolution, presenting both new opportunities and challenges. Within this dynamic landscape, the emergence of blockchain gaming stands out, poised to revolutionise the foundational aspects of game development, distribution, and monetisation.

Projections for the 2024 global gaming market anticipate total revenues to soar to $187.7 billion, reflecting a steady year-over-year (YoY) growth rate of +2.6% amidst prevailing economic challenges. Beyond this, the gaming industry is poised for sustained expansion with a projected compound annual growth rate (CAGR) of +4.2% extending into 2026.

Projections indicate that the global count of video game players is set to reach 3.38 billion in 2024, marking a notable year-over-year (YoY) surge of +6.3%, primarily propelled by the substantial growth in mobile gaming adoption. Regionally, the Asia-Pacific region emerges as the leader, contributing to over half of the total global video game player base. When it comes to gaming platforms, mobile games assert dominance, capturing around 50% of the total gaming revenues.

In 2024, the blockchain gaming market is valued at more than $10.2 billion and is expected to witness substantial growth, reaching an estimated range of $65 to $90 billion by 2030. This upward trajectory can be attributed to various factors such as increased investment and funding in blockchain games, the widespread adoption of non-fungible tokens (NFTs), and the implementation of innovative business models within the industry.