According to a report from Fortune Business Insights released on December 11, the worldwide blockchain gaming market is projected to expand to a staggering $614 billion in the next seven years. Presently, this market is valued at around $154 billion.
This report examined worldwide sales figures for blockchain gaming products from 2017 to 2021. It discovered that sales were growing at a compound annual growth rate (CAGR) of 21.8%, suggesting that by 2030, the market size will reach approximately $600 billion. This represents a nearly 299% growth rate over a six-year span.
The study by Fortune segmented the global market into five regions: North America, South America, Middle East/Africa, Europe, and Asia Pacific. In 2022, North America led in blockchain game item sales, contributing over $30 billion, or about 24% of the global total. The researchers anticipate that North America will maintain its leading position. Regarding game types, the report predicts that role-playing games will experience the most significant growth among various categories. These games, often featuring unique characters, themes, extra weapons, accessories, and other elements, are particularly well-suited for blockchain integration. In 2022, role-playing games accounted for more than 33% of the market.
Web-based blockchain games are currently the most significant segment in this market, a trend expected to persist. However, the report also notes a rise in Android-based blockchain games. In terms of industry developments, blockchain gaming companies are introducing new features to simplify user onboarding. For instance, Immutable incorporated Transak as a new purchasing option on December 11. However, not all news in the blockchain gaming sector is encouraging. A study by CoinGecko on November 30 revealed that over 75% of blockchain games launched between 2018 and 2023 were unsuccessful.
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