According to the recent market report by IMARC Group, titled “Game-Based Learning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global game-based learning market size reached around US$ 5.8 Billion in 2020. Game-based learning refers to learning supporting by the utilization of a game. This form of learning can start from any academic level and continue through to lifelong stages. These intrinsic or supplement games can be played online, face-to-face and on devices like smartphones and computers. Game-based learning enables the learners to improve lateral thinking, develop soft skills, retain information, understand core concepts, and simplify complex topics. The games offer a risk-free environment, which creates an opportunity to make mistakes. Due to these features, game-based learning is emerging as a popular model in the education sector.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Game-Based Learning Market Trends:
Increasing digitization, incorporation of innovative methodologies and the widespread adoption of advanced technologies in the education sector are some of the primary factors driving the global game-based learning market. Apart from this, numerous schools and universities are introducing this method in conventional classrooms due to the associated advantages, such as improved rational thinking and hand-eye coordination. Moreover, the rapid introduction of new software and increasing usage of game-based learning in the corporate sector for training and skill development are supporting the growth of the market. Increasing access to high speed internet and improving income levels of consumers are some of the other factors creating a positive outlook for the market. Looking forward, the market value is projected to exceed US$ 19.2 Billion by 2026, expanding at a CAGR of around 21.20% during 2021-2026.
Market Summary:
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