GAME ENGINES MARKET ANALYSIS

Market Challenges And Opportunities

Growing gaming industry is expected to drive growth of the global game engines market. Moreover, increasing number of mobile gamming applications is also expected to boost growth of the market. For instance, according to Coherent Market Insights’ analysis, the global mobile gaming industry generated revenue of US$ 55.8 billion in 2017 and is projected to reach US$ 107 billion by 2021. Moreover, increasing app store spending by consumers is expected to drive growth of the game engines market. According to Coherent Market Insights’ analysis, user expenditure on apps stores worldwide is expected to reach US$ 106 billion by 2018 and over US$ 156 billion by 2022. Furthermore, improved infrastructure such as better broadband and Wi-Fi connection, advanced graphics, and improved computing power at lower costs are some of the factors expected to fuel growth of the global game engines market.

However, high cost of game engine software for vendors is expected to restrain growth of the game engines market. Continuously changing preferences for new games by consumers and rapid adoption of new technologies in gaming industry such as AR and VR are factors restraining growth of the game engines market. 

Developments in technologies such as Augmented Reality (AR) and Virtual Reality (VR) is expected to positively impact growth of the global game engine market. Development in gameplay sequences, 2D and 3D design tools, instant play mode for rapid editing, and iteration and powerful animation systems is expected to boost the game engines market growth during the forecast period.