Global Game Engine Market is expected to foresee significant growth. North America to lead the growth!
- Vikas Kumar
- January 12, 2023
- NEWS, TELECOM & IT
- Game Engine Market, Game Engine Market Analysis, Game Engine Market Growth, Game Engine Market Share, Game Engine Market Size, Game Engine Market Trend
- 0 Comments
A game engine is a software framework designed primarily for developing video games and typically includes associated libraries and support programs. With the use of game engines, game developers can quickly and easily plan and program games using 2D or 3D-based game engine software. Important features of game engines include scripting, sound, animation, artificial intelligence, collision detection, physics engines, and memory management. A game engine is a medium for developing games, giving one complete control over the game and game settings. The game engine also saves a lot of time by providing multiple preset modules, libraries, effects, and tools.
The game engine market is expected to grow at a steady rate of around 16% owing to the growing trend of online gaming coupled with the growing simplicities involved in developing games via game engines. The increasing number of mobile gaming applications is expected to boost the growth of the market during the forecast period. Furthermore, growing gaming industry coupled with the constantly increasing number of gamers is expected to drive the market during the analysis time period. For instance, according to truelist, approximately 3 billion people worldwide play video games. Moreover, the growing trend of augmented reality (AR) and virtual reality (VR) technologies in the game framework is expected to elevate the market growth during the forecast period.
For a detailed analysis of the Global Game Engine Market browse through – https://univdatos.com/report/game-engine-market/
Based on type, the market is segmented into 3D and 2D. The 3D segment is expected to achieve a significant CAGR during the forecast period. The growth of the segment is mainly attributed to its high visual quality, asset store management, fascinating gameplay, and intuitive design. Furthermore, the growing trend of 3D mobile gaming is also expected to elevate the segmental growth. Moreover, growing consumer spending on mobile games is also expected to significantly influence market growth. For instance, according to app Annie in the year 2021, the total consumer spending on mobile gaming reached $166 Billion.
Based on platform, the market is segmented into smartphones, consoles, computers, and others. The smartphone segment is expected to hold largest market share during the forecast. The growth of the segment is mainly attributed to the growing adoption of smartphones/tablets coupled with their cost-effectiveness, smartphones are cheaper compared to other gaming device types, and they have other functionalities as well such as calling, multimedia, etc. Furthermore, With the rapid rise in mobile gaming in the past five years, smartphones are anticipated to gain market traction in the coming years.
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For a better understanding of the market adoption of the game engine industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America emerged as the dominant region of the market and is anticipated to showcase a similar trend even during the forecasting period. The region is home to many developed countries and a hub for rapidly enhancing efficient & advanced technologies. The rapid developments and advancements in technologies across the region are key reasons for the increased adoption of game engines. Also, early acceptance of cloud technology, rising demand for online gaming, and availability of efficient internet structure are the main reasons for the growth of the North America game engine market. For instance, according to trulist, over 227 million people in the US play video games one to a few hours per week
Some of the major players operating in the market include Unity Technologies, PixiJS, Epic Games, Inc, Cocos, Godot, YoYo Games Ltd, DEGICA Co Ltd , AppOnboard Inc, Marmalade Game Studio and CRYTEK.
Global Game Engine Market Segmentation
Market Insight, by Type
• 3D
• 2D
Market Insight, by Platform
- Smartphones
- Consoles
- Computers
- Others
Market Insight, by Region
- North America
- US
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Unity Technologies
- PixiJS
- Epic Games Inc
- Cocos
- Godot
- YoYo Games Ltd
- DEGICA Co Ltd
- AppOnboard Inc
- Marmalade Game Studio
- CRYTEK.
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