Mobile Gaming is fastest growing segment fueling the growth of the Global Game Engines Market

The global Game Engines Market is estimated to be valued at US$ 3.46 Bn in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Game engines are software platforms for building, developing and maintaining video games. They provide developers with built-in tools for creating 2D and 3D graphics, sound effects, artificial intelligence, physics, etc. which can speed up the game development process.

Market key trends:

One of the major trends in the game engines market is the rising popularity of mobile gaming. Advances in mobile processor capabilities and graphics have enabled high-quality, immersive gaming experiences on mobile devices. Game engines now support cross-platform publishing to iOS and Android. Major game engine developers like Unity and Epic Games have also made their platforms free to use for mobile game development, removing entry barriers for smaller studios. This has led to an explosion in the number of games available on iOS and Google Play stores, driving higher demand for game engine software and services.

Segment Analysis

The global game engines market size can be segmented based on type, end-use industry, and geography. Based on type, the game engines market is segmented into 2D game engines, 3D game engines, and 3.5D game engines. The 3D game engines segment is expected to dominate the market during the forecast period owing to increasing demand for realistic 3D games across mobile, PC, and console platforms. Based on end-use industry, the market is segmented into PC games, mobile games, TV games, and others. The mobile games segment is dominating the market currently due to high popularity and availability of games on mobile platforms.

Key Takeaways

The global game engines market is expected to witness high growth, exhibiting CAGR of 17% over the forecast period, due to increasing popularity of interactive games across platforms.

Regional analysis

Asia Pacific region is expected to dominate the global game engines market over the forecast period. This is attributed to growing millennial population and increasing disposable income in countries such as China, India, and Japan leading to high demand for games across devices.

Key players

Key players operating in the global game engines market are Unity Technologies, Epic Games, Chukong Technologies, Crytek, Valve, YoYo Games, The Game Creators, Marmalade Tech, Idea Fabrik, and Leadwerks Software. Unity Technologies is currently dominating the market owing to wide adoption of its intuitive and cost-effective 2D and 3D game engine solutions for multiplatform development.

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