Press release
Serious Games Market Opportunities, Business Forecast To 2032 | BreakAway Ltd., Designing Digitally Inc., Triseum LLC, Revelian, Promotion Software GmbH
Serious Games Market Trends
Serious Games Market Size, Growth Rate, And Forecast
The global serious games market size grew from $8.31 billion in 2022 to $10.18 billion in 2023, at a compound annual growth rate (CAGR) of 22.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The serious games market size is expected to grow to $22.54 billion in 2027 at a CAGR of 22.0%.
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Serious Games Market Drivers
The adoption of virtual reality in training and development activities is expected to propel the growth of the serious games market. Virtual reality is an artificial world made with software and presented to the user in a way that causes them to suspend belief and take it for granted that it is real. Virtual reality offers a learning environment where people may experiment with new skills, fail safely, learn from their errors, and advance professionally.
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Serious Games Market Segments
• By Gaming Platform: Smartphone, Console, PC, Other Platforms
• By Application: Simulation and Training, Research and Planning, Advertising and Marketing, Human Resources, Other Applications
• By Industry Vertical: Education, Healthcare, Aerospace and Defense, Government, Retail, Media and Entertainment, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the serious games market.
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Serious Games Market Key Players
Major competitors in the serious games market include BreakAway Ltd., Designing Digitally Inc., Triseum LLC, Revelian, Promotion Software GmbH, Learning Nexus Ltd., Nintendo Co., Ltd., Serious Game International.
The Business Research Company's "Global Serious Games Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Serious Games Market Include:
1. Executive Summary
2. Serious Games Market Characteristics
3. Serious Games Market Trends And Strategies
4. Serious Games Market - Macro Economic Scenario
5. Serious Games Market Size And Growth
…………………………
26. Africa Serious Games Market
27. Serious Games Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Serious Games Market
29. Serious Games Market Future Outlook and Potential Analysis
30. Appendix
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