Global Blockchain Gaming Market Size to Exceed USD USD 898.9 Billion by 2033: Market Study Report

Global Blockchain Gaming Market Size to Exceed USD USD 898.9 Billion by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Blockchain Gaming Market Size is Expected to Grow from USD 4.12 Billion in 2023 to USD 898.9 Billion by 2033, at a CAGR of 71.35% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Blockchain Gaming Market Size, Share, and COVID-19 Impact Analysis, By Game Type (Role Playing Games, Open World Games, and Collectible Games), By Platform (ETH, BNB Chain, and Polygon), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033    

The incorporation of blockchain technology into video games is referred to as the "blockchain in gaming market." This entails managing in-game currency, transactions, and assets via decentralized ledgers. Non-fungible tokens (NFTs) and cryptocurrencies are frequently used in blockchain games, enabling users to possess, exchange, and sell in-game goods with actual monetary worth. One of the main factors propelling blockchain's expansion in the gaming industry is the rising desire for decentralized games and assets. Players can fully own and manage their in-game assets thanks to decentralized games and assets. In contrast to traditional centralized games, this allows players to move, trade, and even sell their assets without any limitations or middlemen. Additionally, two significant reasons propelling the industry are the growing popularity of blockchain gaming and improvements in smartphone technology. Additionally, by giving players a way to access these blockchain-based games, smartphones have contributed significantly to the expansion of the blockchain in the gaming industry. Developers may now produce increasingly complex blockchain-based games that run on mobile devices because to smartphones' growing processing power and memory capacity. Additionally, the introduction of 5G technology has made it possible for quicker upload and download rates, lower latency, and better connectivity all around. However, the deployment of blockchain technology necessitates technical know-how and resources, which are significant barriers to industry expansion.

The role playing games segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.                             

Based on game type, the global blockchain gaming market is categorized as role playing games, open world games, and collectible games. Among these, the role playing games segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. As blockchain technology gains popularity, developers are making cross-platform games that run on a variety of platforms and devices. This increases the number of players for developers and enables users to interact with the game on the device of their choice.

The ETH segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.       

Based on the platform, the global blockchain gaming market is categorized as ETH, BNB chain, and polygon. Among these, the ETH segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The Ethereum blockchain is used by Axie Infinity and other well-known blockchain games to facilitate, validate, and complete transactions, ensuring openness, security, and participant trust.

North America is projected to hold the largest share of the global blockchain gaming market over the forecast period.

Asia Pacific is projected to hold the largest share of the global blockchain gaming market over the forecast period. The main reason for this is the growing popularity of NFTs for trading in-game items like skins, weapons, and avatars. China is the world's largest market for NFTs, and the Asia-Pacific area is a significant player in the NFT industry. It is anticipated that more players and developers will investigate the possibilities of NFTs in gaming, continuing the current trend.

North America is expected to grow at the fastest CAGR growth of the global blockchain gaming market during the forecast period. The market is being driven by the growing use of blockchain technology by game creators to provide players real ownership of their games through NFTs. The US government claims that 16% of American adults and millions of others worldwide have invested in digital assets, contributing to a global market valuation that hit USD 3 trillion in November 2022.

Company Profiling

Major vendors in the global blockchain gaming market are Animoca Brands Corporation Limited, Dapper Labs Inc., double jump.tokyo Inc., Illuvium, Immutable Pty Ltd., Mythical Inc, Sky Mavis, Uplandme Inc, WeMade Co. Ltd, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global blockchain gaming market based on the below-mentioned segments: 

Global Blockchain Gaming Market, By Game Type

• Role Playing Games
• Open World Games
• Collectible Games

Global Blockchain Gaming Market, By Platform

• ETH
• BNB Chain
• Polygon

Global Blockchain gaming Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa