Global Blockchain Gaming Market to Reach US$ 854.4 Billion by 2032, Fueled by Rising Popularity of Blockchain Gaming

April 11, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “Blockchain Gaming Market by Game Type (Role Playing Games, Open World Games, Collectible Games), Platform (ETH, BNB Chain, Polygon), and Region 2024-2032,” the global blockchain gaming market size reached US$ 8.9 Billion in 2023. Blockchain gaming refers to the integration of blockchain technology with video games, creating a new form of gaming experience that offers players more control over in-game assets and greater transparency in gaming transactions. It helps promote fair play, as game rules and outcomes are recorded on the blockchain, making it impossible for anyone to manipulate the game or cheat. In blockchain gaming, players can use non-fungible tokens (NFTs) and cryptocurrencies to purchase and trade in-game assets, such as virtual currency, items, and characters, on decentralized blockchain networks. This gives players full ownership and control over their in-game assets and allows them to potentially earn real-world value. Blockchain gaming platform ensures that all transactions and interactions between different parties are verified and legitimate and helps minimize fraudulent activities.

Global Blockchain Gaming Market Trends:

The rising popularity of blockchain gaming across the world represents one of the key factors driving the market growth. Besides this, the surging proliferation of smartphones, laptops, tablets, and other internet-enabled devices, the growing acceptance of cryptocurrency, and the launch of unique active wallets, are aiding in market expansion. Moreover, various technological advancements in smartphone technology, such as broader displays, more storage capacity, and high random access memory (RAM) integration, are prompting increased consumer inclination towards mobile-based blockchain games, which, in turn, is creating a positive outlook for the market. In addition to this, the widespread integration of artificial intelligence (AI) in blockchain gaming to improve the overall gameplay experience and prevent cheating is contributing to the market growth. In line with this, the advent of augmented and virtual reality (AR/VR)-based gamification platforms that use AI algorithms to generate random terrain, objects, or other elements of the game is acting as another significant growth-inducing factor. Furthermore, the introduction of various government initiatives to create regulatory frameworks that can help protect players, prevent fraud and cheating, and encourage fair competition in the blockchain gaming sector is presenting remunerative growth opportunities for the market. Looking forward, the market value is projected to reach US$ 854.4 Billion by 2032, expanding at a CAGR of 65.2% during 2024-2032.

Market Summary:

On the basis of the game type, the market has been divided into role playing, open world, and collectible games. Among these, role playing games is the most popular segment.
Based on the platform, the market is classified into ETH, BNB chain, and polygon. Currently, ETH platform dominates the market, holding the largest market share.
On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. At present, Asia Pacific is the leading market for blockchain gaming.
The competitive landscape of the market has also been examined, with some of the key players being Animoca Brands Corporation Limited, Dapper Labs Inc., double jump.tokyo Inc., Illuvium, Immutable Pty Ltd., Mythical Inc, Sky Mavis, Uplandme Inc, WeMade Co. Ltd., etc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Game Types Covered	Role Playing Games, Open World Games, Collectible Games
Platforms Covered	ETH, BNB Chain, Polygon
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Animoca Brands Corporation Limited, Dapper Labs Inc., double jump.tokyo Inc., Illuvium, Immutable Pty Ltd., Mythical Inc, Sky Mavis, Uplandme Inc, WeMade Co. Ltd., etc.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Blockchain Gaming Market to Reach US$ 854.4 Billion by 2032, Fueled by Rising Popularity of Blockchain Gaming

Purchase options

Single User License $2499
Five User License $3499
Corporate User License $4499

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.