In a comprehensive analysis conducted in mid-December, Fortune Business Insights has projected a staggering surge in the global blockchain gaming market, potentially catapulting to an impressive $614 billion by 2030.
2030 Vision: Blockchain Gaming Market on Track to Soar to 614 Billion Dollars
This forecast signifies an extraordinary growth rate, approaching nearly 300% from the current market value of $154 billion. Examining global sales data for blockchain game products between 2017 and 2021, the report reveals a compelling compound annual growth rate (CAGR) of 21.8%, indicating a market poised for record-breaking expansion over the next decade.
A meticulous regional breakdown in the report identifies North America as the predominant leader in blockchain game item transactions, contributing a substantial sum of over $30 billion in 2022 alone, constituting approximately 24% of the global market share. Forecasts suggest that this dominance in North America is likely to endure in the foreseeable future.
The Fortune analysis also delves into the specific genres propelling this remarkable growth, with role-playing games (RPGs) taking the spotlight. Recognized for their distinctive characters and immersive themes, RPGs seamlessly integrate with blockchain technology, offering unique features such as special weapons and accessories. In 2022, RPGs claimed a significant share, comprising over 33% of the market.
The landscape for blockchain game platforms is undergoing transformation as well. While web-based blockchain games presently dominate, there is a noticeable uptick in Android-based games, signaling a shift in gaming preferences.
Industry experts anticipate that the trend of web-based blockchain games leading the market will persist. Nevertheless, the blockchain gaming sector is not without its challenges. The report underscores issues such as the high failure rate of blockchain games, emphasizing the crucial need for ongoing innovation and adaptation.
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