Role Playing Games Market to Hit $38.46 Billion by 2029 : Cognitive Market Research

As per Cognitive Market Research analysis, the role-playing games market size is projected to grow from USD 18.73 Bn in the year 2021 to USD 38.46 Bn by 2029 at a CAGR of 9.4% from 2021-2029.
A role-playing game (RPG) is a type of video game in which the player assumes control of a fictitious character (or characters) who sets out on a mission in a fantastical setting. In this type of game, the player takes on the identity of a character during the play. RPGs can be set in many fantasy worlds and players can take on multiple characters. Players get a first-person perspective on the experiences of the characters as they are submerged in their worlds throughout the game. The RPG genre frequently consists of NPCs (non-player characters), side missions, downloadable content (DLC), and longer story arcs. The survey claims that the mobility and popularity of mobile devices have created an ideal environment for RPG players, hence most of the players are switching to RPGs, thereby increasing the growth of the RPG market. But, playing role-playing games can be addictive which causes a waste of money. Similarly, playing role-playing games can waste your time and your relationship with your family. However, in the last few years, gaming enthusiasts and player engagement have grown substantially. This has opened the way for an online competition to enter the mainstream gaming industry. This, in turn, is anticipated to boost the growth of the role-playing games market.

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Regional Analysis of the Role-Playing Games Market:
• Asia Pacific dominates the role-playing games market due to a large number of players. Mobile gaming data for 2022 show that Asia accounts for over half of the business with $34.114 billion in revenue from more than 905 million users. About 61% of Asian income, or $21.02 billion, is produced by China alone.
• The All-Correct Games blog estimates that by 2021 there were about 250 million mobile internet gamers in Southeast Asia. Among Southeast Asian nations, Malaysia, Thailand, Vietnam, Indonesia, Singapore, and the Philippines are the six most important for mobile gaming.

Top players involved in the Role-Playing Games Market:
- Some of these players include
• Activision Blizzard
• Nintendo Co Ltd.
• Bethesda Softworks
• Electronic Arts
• Ubisoft Quebec
• Gearbox Software
• Aspy
• BioWare
• Massive
• Ubisoft Reflections
• Red Storm
• Square Enix
• Others.

Current Trends of Manufacturers:
• In September 2022, Tatsumeeko, an Ethereum and Solana role-playing game developed by the company behind the Discord chatbot Tatsu.GG, has partnered with Immutable X. (IMX). The agreement focuses on trackable ownership and transfer of in-game assets with the aim of improving Tatsumeeko's gameplay experience. Web3 games are powered by Immutable X, a layer-2 Ethereum scaling solution. It will make it easier for Tatsumeeko to sell Aethereal Parcels, a type of virtual land. The collaboration will result in a more secure and streamlined player trading experience, including the ability to conceal or show Tatsumeeko's crypto layers and utilise credit cards to acquire digital assets. It will also help Tatsumeeko stand out from other GameFi initiatives by emphasising experience over permitting play-to-earn techniques.

• In March 2022, Netflix, Inc. has entered into a merger agreement to purchase Next Games (NXTGMS). Next Games' seasoned management team, successful track record with mobile games based on entertainment properties, and strong operational capabilities complement Netflix's plans to grow the capabilities of its in-house gaming studio. Next Games develops and manages entertaining mobile games with a broad audience and a focus on an authentic and social fandom. The company's aim is to create video games based on well-known entertainment properties, such as Stranger Things: Puzzle Tales, a puzzle role-playing game (RPG) based on one of Netflix's most famous programmes.

Segment Analysis:
• Based on the type, the MMORPG segment is dominating the role-playing games market due to its several benefits.

• Based on the platform, the Mobile RPGs segment dominates the market by taking high revenue market share. This is attributed owing to the growing number of mobile game players.

• Based on the distribution channel, the online microtransaction segment dominates the market as online microtransactions allow players to obtain in-game currency or virtual goods, enhancing their gaming experience.

Related Report:
• Video Game Software Market - https://www.cognitivemarketresearch.com/video-game-software-market-report
• Browser Game Market - https://www.cognitivemarketresearch.com/browser-game-market-report
• Online Microtransaction Market - https://www.cognitivemarketresearch.com/online-microtransaction-market-report
• 5G Infrastructure Market - https://www.cognitivemarketresearch.com/5g-infrastructure-market-report

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Nicolas Shaw
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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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