A new report by MarketsandMarkets revealed core market growth data on blockchain gaming.
Revenue Projections and Growth Drivers
The revenue impact and advisory company, MarketsandMarkets, has shared its Global Blockchain Gaming Market report. The report covers a forecast period between 2022 and 2027, predicting the market will reach $65.7 billion by 2027.
The current market size of $4.6 billion is expected to grow at a CAGR of 70.3% within the five-year period. MarketsandMarkets stated that BNB Chain’s growth would see the highest CAGR growth of any platform during the forecast period.
Investments, Play-to-Earn, and NFTs
The increase in investments and funding in blockchain games have been identified as core drivers of market growth. Other drivers have been determined as the elevation in popularity of the play-to-earn model, along with the rising NFT trends.
MarketsandMarkets stated that the Ethereum (ETH) segment would see the most prominent market size during the forecast period. The major blockchain games using this platform, such as CryptoKitties, The Sandbox, Gods Unchained, and My Crypto Heroes, will impact that growth.
The company expects the Asia Pacific region to account for the largest market size in the next five years. About half of the world’s 3 billion gamers are located in the Asia Pacific region. Due to the region’s current interest, MarketsandMarkets identifies Southeast Asia as a quickly developing blockchain gaming hub for the community.
The 155-page report contains lots of essential information about the current situation and future of the blockchain gaming market. You can access the research here.