The game engines market size is estimated to grow by USD 2,877.43 million from 2022 to 2027, according to Technavio.
The market is estimated to grow at a CAGR of 16.62%. The growth momentum will progress during the forecast period. APAC is estimated to account for 32% of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In 2022, the APAC region emerged as the global leader in the game engines market, with notable revenue contributions from countries like China, South Korea, and Japan. The surge in PC gaming demand across the Asia Pacific, particularly propelled by the rising popularity of online video games in Southeast Asia and improved broadband penetration, is set to stimulate developments and businesses in the creation of new games.
The expanding popularity of online games on mobile platforms further accentuates the demand for fresh gaming content. As a consequence, developers and enterprises are incentivized to introduce novel games, consequently spurring the demand for game engines in the region during the forecast period.
The market share growth by the action and adventure segment will be significant during the forecast period. In 2022, the action and adventure segment is projected to hold a prominent position within the global game engine market. This dominance is a result of the escalating demand for action and adventure games, as well as the continuous introduction of new titles. The market is anticipated to sustain this dominance throughout the forecast period, primarily due to the enduring popularity of action-adventure games.
The mounting interest in this genre is driving the creation of new adventure and action games. This trend is anticipated to lead to an increased demand for game engines, consequently fostering the growth of the market during the forecast period.
The increasing popularity of esports is driving the game engines market. The popularity of esports tournaments, exemplified by events like “The International,” is on the rise due to heightened awareness. eSports encompasses professional players engaging in multiplayer video games, often in the presence of numerous spectators either at physical venues or through online platforms.
Numerous enterprises are venturing into the eSports arena to tap into the mounting interest in such tournaments and to cater to the surging demand for their organization. The increased involvement of organizations such as the International Esports Federation and Global eSports, along with the proliferation of eSports tournaments, is poised to drive the demand for multiplayer game engines. Consequently, this trend will contribute to the revenue growth of the global game engines market throughout the forecast period.
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