Meticulous Research®—a leading global market research
company, published a research report titled, ‘Blockchain Gaming Market by
Platform (Ethereum, Polygon, Solana, Cardano, EOS, Biance Smart Chain), Model
(Free-to-play, Pay-to-play, Play-to-earn), Genre, and Geography - Global
Forecast to 2030.’
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According to this latest publication from Meticulous
Research®, the global blockchain gaming market is projected to reach $165.4
billion by 2030, at a CAGR of 51.7% from 2023 to 2030. The growth of this
market is driven by the proliferation of player-driven economies, the
increasing need for secured and transparent gaming environments for players,
and growing investments and funding in blockchain gaming. Additionally, the
cross-game interoperability in multiple games or platforms, non-fungible tokens
(NFTs), and play-to-earn model trends are expected to create market growth
opportunities. However, complex standards & regulations for blockchain
gaming restrain the growth of this market. Cybersecurity & data privacy
issues are major challenges for players in this market.
Integration of game finance (GameFi), decentralized finance
(DeFi), metaverse, and other virtual worlds are prominent trends in the
blockchain gaming market.
The global blockchain gaming market is segmented by
platform, model, and genre. The study also evaluates industry competitors and
analyzes the market at the region/country level.
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Based on platform, the global blockchain gaming market is
broadly segmented into Ethereum, Polygon, Binance Smart Chain (BSC), Cardano,
Flow, Solana, Electro-Optical System (EOS), and other platforms. In 2023, the
Ethereum segment is expected to account for the largest share of the global
blockchain gaming market. The large market share of this segment is attributed
due to its compatibility with various programming languages for flexible
development options, robust token standards for creating and managing non-fungible
tokens (NFTs), smart contract functionality and programmable in-game logic, and
growing need for transparency, immutability, & seamless transfer of digital
assets across games.
However, the Binance Smart Chain segment is projected to
register the highest CAGR during the forecast period due to its lower
transaction fees, higher transaction throughput, cross-chain asset transfers,
seamless integration with other blockchain platforms and networks, and access
to a broader range of players from different ecosystems.
Based on model, the global blockchain gaming market is
broadly segmented into free-to-play (F2P), pay-to-play (P2P), play-to-earn
(P2E), and other models. In 2023, the free-to-play segment is expected to
account for the largest share of the global blockchain gaming market. This
segment's large market share is attributed to its easy accessibility to a wide
audience without upfront purchase or subscription fee, continuous content
updates, the rise of smartphones and mobile gaming, and its ability to allow
players seamlessly switch between different devices and continue their
progress.
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Based on genre, the global blockchain gaming market is
broadly segmented into action/adventure, sandbox, simulation and sports,
role-playing, player vs. player, a multiplayer online battle arena, real-time
strategy, shooters, racing, puzzlers and party games, survival horror, and
other genres. In 2023, the action/adventure games segment is expected to
account for the largest share of the global blockchain gaming market. The large
market share of this segment is attributed due to the increasing availability of
action/adventure games across multiple platforms, including consoles, PCs, and
mobile devices, and increasing investment from game developers and publishers
for higher-quality productions, larger marketing campaigns, and greater market
visibility for action/adventure games.
However, the role-playing segment is projected to register
the highest CAGR during the forecast period due to its ability to create
compelling and engaging gameplay experiences, expansive and open-world
environments for players to explore, integration of augmented reality
(AR)/virtual reality (VR) technology for immersive and interactive experiences,
convenience and accessibility of playing RPGs on smartphones, incorporation of
new game design elements to cater to changing player preferences and integration
of online multiplayer features in RPGs.
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Based on geography, the global blockchain gaming market is
segmented into North America, Europe, Asia-Pacific, Latin America, and the
Middle East & Africa. In 2023, Asia-Pacific is expected to account for the
largest share of the global blockchain gaming market, followed by North America
and Europe. The region is also expected to witness rapid growth during the
forecast period. The large market share of Asia-Pacific is mainly attributed to
the increasing internet and smartphone penetration, supportive regulatory
frameworks that provide clarity and guidance for blockchain gaming companies,
growing interest in innovative gaming models, and growing esports market in
countries including China, India, Japan, and South Korea.
Key Players:
The key players operating in the blockchain gaming market
are Sky Mavis (Singapore), Enjin Pte. Ltd. (Singapore), Immutable (Australia),
Decentraland Foundation (China), Gala Games (U.S.), Animoca Brands Corporation
Limited (Hong Kong), MyCryptoHeroes (Japan), Dapper Labs, Inc. (Canada), WAX
(Worldwide Asset eXchange) (U.S.), Forte Labs, Inc. (U.S.), Lucid Sight (U.S.),
Chromia (Sweden), Ultra (France), Mythical Games (U.S.), Splinterlands (U.S.),
Wemade Co., Ltd (South Korea), Dacoco
Gmbh (Switzerland), Illuvium (Australia), Uplandme, Inc. (U.S.), and Sorare
(France).
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