Artificial Intelligence
Game Engine Market to surpass $5 Bn by 2032, Says Global Market Insights Inc.
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Selbyville, Delaware, May 03, 2023 (GLOBE NEWSWIRE) —
The game engine market valuation is expected to exceed USD 5 billion by 2032, as reported in a research study by Global Market Insights Inc.
The ease of internet access along with the rapid development of 5G will significantly propel the market growth. 5G technology has grown largely popular for its ability of revolutionizing the cloud gaming space for offering faster and reliable internet connections for greatly improving the quality of streaming games from cloud solutions. Thus, a large number of investments have been initiated by game engine developers for creating tools and features, such as low-latency networking and efficient data streaming for creating games mainly optimized for cloud gaming.
The game engine market from 2D game segment is projected to reach USD 1 billion by 2032. The thriving need for intuitive workflows, user-friendly interfaces, and efficient performance optimization has propelled the creation of 2D games with physics simulations, smooth animations, among other engaging gameplay elements. Hence, several game engine developers are coming up with investments for delivering feature-rich 2D game engines to cater to the growing needs of 2D game developers in the mobile gaming space.
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Game engine market from the consoles platform segment is estimated to showcase around 10% CAGR till 2032. Console game engines are widely favored as they are tailor-made for specific gaming consoles to offer advanced features, such as sophisticated physics simulations, realistic graphics, and complex multiplayer functionalities. The growing popularity of consoles, including Xbox, PlayStation, and Nintendo Switch for rendering immersive gaming experiences and high-performance hardware on TVs or monitors will also add to the industry growth.
Asia Pacific game engine market will cross USD 3 billion by 2032. The region is home to multiple well-established large and small game development companies and has robust presence of gaming culture and communities. The surging popularity of esports, mobile gaming, and virtual reality (VR) gaming has made way for the fast-growing gaming population in the region. The rapid advances in market particularly in China, Japan, and South Korea will further augment the regional product espousal.
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Some of the leading companies involved in the game engine market participants are Godot, Marmalade SDK, Crytek GmbH, GameSalad, GDevelop Ltd., Gideros, Open 3D Engine, MonoGame, Solar2D LLC, Stencyl, LLC, The Game Creators Ltd., and Unity Software, Inc. These firms are actively implementing partnerships, acquisitions and mergers to sustain the growing market competition. For instance, Microsoft Corp., in January 2022, acquired Activision Blizzard Inc., a renowned game and interactive entertainment provider. The acquisition helped accelerate the firm’s gaming business growth in the mobile, PC, console, and cloud domains.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Global game engine market 3600 synopsis, 2018-2032
2.2 Business trends
2.3 Regional trends
2.4 Type trends
2.5 Platform trends
Chapter 3 Game Engine Market Industry Insights
3.1 Impact analysis of COVID-19 pandemic
3.1.1 North America
3.1.2 Europe
3.1.3 Asia Pacific
3.1.4 Latin America
3.1.5 MEA
3.2 Impact of the Russia-Ukraine war
3.3 Impact of China-U.S. trade war
3.4 Industry ecosystem analysis
3.4.1 Game engine developers
3.4.2 Game developers
3.4.3 Platform providers
3.4.4 Software Provider
3.4.6 End-users
3.4.7 Vendor matrix
3.5 Profit margin analysis
3.6 Patent analysis
3.7 Key news & initiatives
3.8 Technology landscape
3.8.1 Artificial Intelligence (AI)
3.8.2 Machine Learning (ML)
3.8.3 Virtual Reality (VR) and Augmented Reality (AR)
3.8.4 Big data
3.8.8 Cloud connectivity
3.8.9 5G
3.9 Regulatory landscape
3.10 Industry impact forces
3.10.1 Growth drivers
3.10.1.1 Rising developments in Augmented Reality (AR) and Virtual Reality (VR) technologies
3.10.1.2 Technological advancements in video games
3.10.1.3 Increasing development of 3D mobile games
3.10.1.4 Growing development of 5G and internet access
3.10.1.5 Increasing number of mobile gaming applications
3.10.2 Industry pitfalls & challenges
3.10.2.1 Availability of free game engines
3.10.2.2 High cost of game engine software for vendors
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
