There will be a global blockchain gaming market Grow An estimated $614 billion over the next seven years, according to an analysis by Fortune Business Insights released Dec. 11. The market is currently worth an estimated $154 billion.
The report analyzed global sales data of blockchain game products from 2017-2021. It found that sales were growing at a compound annual growth rate (CAGR) of 21.8%, meaning that by 2030, the market will reach $600 billion. This equates to an absolute growth rate of approximately 299% over a six-year period.
Fortune researchers have divided the world into five regions: North America, South America, the Middle East/Africa, Europe, and Asia Pacific. North America posted the largest share of blockchain game item purchases for any region in 2022, accounting for more than $30 billion, or about 24% of the total. The researchers said they expected North American dominance to continue for this period.
When it comes to the category of games introduced, the report said that it expects role-playing games to have the highest growth rate compared to other categories. These games have “special characters, themes, additional weapons, accessories, and other features” that make them particularly suitable for implementing blockchain features. It said role-playing games represented more than 33% of the market in 2022.
Web-based blockchain games currently represent the largest segment of blockchain games, which researchers expect to continue to dominate. However, he also said that Android-based games are becoming more prevalent.
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Blockchain gaming companies have recently implemented new features to make onboarding easier. For example, immutable Transc added as an additional option For purchase on December 11th. However, not all blockchain gaming news is positive. CoinGecko study of November 30 Found that more than 75% of blockchain games Those launched between 2018 and 2023 have failed.
