The global blockchain gaming market grow to an estimated $614 billion over the next seven years, according to a Fortune Business Insights analysis published Dec. 11. The market currently represents an estimated spend of $154 billion.
The report analyzed global sales data for blockchain gaming products from 2017 to 2021. It found that sales were increasing at a compound annual growth rate (CAGR) of 21.8%, implying that by 2030 the market will have reached the 600 billion dollars. This implies an absolute growth rate over the six-year period of almost 299%.
Fortune researchers divided the world into five regions: North America, South America, the Middle East/Africa, Europe, and Asia Pacific. North America recorded the largest share of blockchain gaming item purchases for any region in 2022, accounting for more than $30 billion or approximately 24% of the total. Researchers said they expect this North American dominance to continue during the period.
As for the category of games offered, the report states that it expects role-playing games to have the highest growth rate compared to other categories. These games have “special characters, themes, additional weapons, accessories and other features” that make them especially suitable for implementing blockchain functions. Role-playing games accounted for more than 33% of the market in 2022, he said.
Web-based blockchain games currently represent the largest segment of blockchain games, which researchers expect to continue to dominate in the future, although they also stated that Android-based games are becoming more prevalent.
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Blockchain gaming companies have recently implemented new features to make onboarding easier. For example, Immutable added Transak as an additional option for purchases on December 11. However, not all blockchain gaming news is positive. A Nov. 30 CoinGecko study found that more than 75% of blockchain games released between 2018 and 2023 failed.
