Gaming Gold: Game Engine Market Thrives with Trends, Scope, and Market Segments

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Game Engine Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The game engine market size has grown rapidly in recent years. It will grow from $3.15 billion in 2023 to $3.56 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to rise of video game industry, advancements in graphics processing, proliferation of multiplatform gaming, open-source game engine development, globalization of the gaming industry.

The game engine market size is expected to see rapid growth in the next few years. It will grow to $5.77 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to ray tracing and real-time rendering, cloud gaming and streaming services, integration of artificial intelligence (ai), blockchain and nft integration, accessibility and inclusivity features. Major trends in the forecast period include collaboration and community building, cloud-based gaming, cross-platform development, virtual reality (vr) and augmented reality (ar) support, subscription-based models.

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Market Segmentation:
The game engine market covered in this report is segmented -

1) By Type: 3D Game Engines, 2.5D Game Engines, 2D Game Engines, Other Types
2) By Component: Solution, Services
3) By Platform: Mobile, Console, Computer, Other Platforms
4) By Genre: Action And Adventure, Multiplayer Online Battle Arena (MOBA), Real-time Strategy (RTS), Role-playing Games (RPG), Sandbox, Shooter (FPS And TPS), Simulation And Sports, Other Genres
5) By End-User: Game Development Studios, Independent Developers, Academic And Research Institutes, Other End-Users

Major Driver - Growing Demand For Mobile Devices Fueling Game Engine Market Growth
The growing demand for mobile devices is expected to propel the growth of the game engine market going forward. Mobile devices refer to portable electronic gadgets or tools designed for easy mobility and typically include built-in or wireless connectivity features for communication and access to information. Game engines play a crucial role in the development of mobile games and contribute significantly to the success and performance of these games on mobile devices. For instance, according to the International Data Corporation, a US-based provider of market intelligence and advisory services, the global shipments of used mobile devices, including officially reconditioned and pre-owned smartphones, are expected to reach 282.6 million units in 2022, marking an 11.5% increase from 253.4 million units in 2021. This growth is expected to continue, and IDC forecasts that used smartphone shipments will reach 413.3 million units in 2026 with a compound annual growth rate (CAGR) of 10.3% from 2021 to 2026. Therefore, the growing demand for mobile devices is driving the growth of the game engine market.

Competitive Landscape:
Major companies operating in the game engine market report are Amazon.com Inc., Epic Games Inc., Stride Inc., Unity Software Inc., Upwork Inc., QBurst, G2, Crytek GmbH, Hyperlink InfoSystem, Appinventiv Technology Pvt. Ltd., Belitsoft, The NineHertz, Algoworks Solutions Inc., Silicon Studio Crop, VironIT, Daffodil Software, Redwerk LLC, Dev Technosys, Solarus Thecnologies Inc., YoYo Games Ltd., Softeq Development Corporation, GameSalad, Scirra Ltd., Corona Labs Inc., Clickteam LLC, Stencyl, Delta Engine GmbH, Argentics, , ,

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