$335 billion gaming app market by 2030

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 substantial need for game engines used to develop UI and UX design. The game has many applications and is particularly prevalent in academic and professional fields. The global gaming market is driven primarily by changing gamer demographics, high installation costs for hardware and software, and the growing need for high-speed internet connection.

The size of the gaming application market is expected to reach $335 billion by 2030, growing at a CAGR of 13.32%: Straits Research

Rapidly Accelerating Digitalization Drives Global Market

When it comes to ease of use, playing video games on a computer or console is not such a good option as using game apps. The procedure for building the game app is considerably simplified due to the abundance of readily available materials. Social media platforms, such as Facebook and Instagram, also generate and market various distinctive gaming applications with strong differentiation. Additionally, these platforms engage end consumers with games to boost their advertising strategies.

Growing demand for online games through social networking sites is creating huge opportunities

This could be related to the growing demand for operating systems that are highly secure and able to multitask, as end users are increasingly concerned about data security. Increasing access rate and level of user interaction is fueling the growth of the market. Cloud storage, optimal battery usage, impeccable security, and validated professional advice are all elements that point to the substantial growth of the market throughout the forecast period. Europe was responsible for a substantial share of the overall revenue earned in 2021 due to increased demand for gaming apps from users in the UK, France and Germany. The growing popularity of mobile gaming applications and the availability of a wide variety of gaming options are the major drivers for the growth of the regional industry. Game application development becomes more accessible and less expensive, which leads to the expansion of the business. Moreover, the expansion of the market would be enhanced by the growing 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 being considered one of the leading game engine developers in the world. A large consumer market, the growing prevalence of mobile games, and the growing appeal of e-sports will contribute to the expansion of the region. China is often referred to as the gaming capital of the world. This is mainly attributed to the growing demand for entertainment and the increasing penetration of smartphones in this region.

Highlights

  • The global gaming application market size was valued 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 (2022-2030).
  • Based on the market, the market is divided into Android, iOS and other platforms. The Android segment held the largest market share and is expected to witness a substantial growth rate over 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 being considered one of the leading game engine developers in the world.

Top Key Players of Gaming Application Market

Top Key Players of Gaming Application Market

  • Tencent
  • nintendo
  • ActivisionBlizzard
  • Ubisoft
  • Electronic Arts Inc.
  • Take-Two Interactive Software Inc.
  • Bethesda Softworks LLC
  • Zynga
  • Epic Games Inc.
  • NetEase Inc.

Segmentation of the global gaming application market

Global Gaming Application Market: Segmentation

By marketplace

Google Play Store
Apple iOS Store

By regions

North America
Europe
Asia Pacific
LAMEA

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