The global game engines market size is anticipated to reach USD 8,261.6 million by 2030, exhibiting a CAGR of 17.4% over the forecast period, according to a new report by Grand View Research, Inc. The growth of the market for game engines can be attributed to several factors, including the increasing demand for mobile games, the rise of virtual and augmented reality technologies, and the growing popularity of esports.
Game Engines Market Report Highlights
- The solution component segment accounted for the highest revenue share of over 70.0% in 2022, due to the ease of development of high-quality games using game engines. Solution components like plugins and asset packs can help developers save time and resources by utilizing pre-made tools and assets for game development
- The 3D game engine segment is expected to register the fastest CAGR from 2023 to 2030. The growth is attributed to the increasing popularity of 3D games, which provide players with immersive and engaging experiences and are becoming more popular among gamers of all ages
- Based on genre, the action & adventure games segment accounted for the highest revenue share in 2022, and is poised to expand at a CAGR of 16.1% during the forecast period. The rise in trend of smartphone-based gaming among end-users is anticipated to propel the growth of the segment
- Asia Pacific is expected to expand at the highest CAGR of 18.4% over the forecast period, owing to the region's large and rapidly expanding population of gamers
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Game engines are also becoming more accessible and easier to use, allowing developers of all skill levels to create high-quality games and interactive experiences. The market is also witnessing the emergence of innovative game engines, including Unreal Engine 5 and Amazon Lumberyard, which are expected to further drive industry growth. The increasing adoption of game engines across various industries, including education, healthcare, and advertising, is expected to continue the rapid growth of the market during the forecast period.
The increasing popularity of mobile gaming drives the market growth of game engines. With the sustained rise in popularity of smartphones and tablets, mobile gaming has become more accessible than ever, increasing demand for games that can be played on the go. Platforms like Unity and Unreal Engine have been able to capitalize on this trend by providing developers with tools and resources to create high-quality mobile games quickly and efficiently.
The primary advantage of using game engines for mobile game development is the ability to create games for multiple platforms. Companies offer support for a range of platforms, including iOS, Android, console, and PC. This allows developers to create games once and deploy them to multiple platforms, saving time and resources. The rapid growth in popularity of the eSports industry is also driving market demand, with esports having millions of players & viewers globally. As it continues to grow, companies like Unity and Unreal Engine are becoming more crucial for creating high-quality games that can be played competitively.
Game engines offer features such as real-time physics simulation and network optimization, which ensure smooth and responsive gameplay in online multiplayer matches. Besides providing tools for game development, these platforms are used to create specialized tools and software for eSports. For example, Unity has launched Unity for eSports, a set of tools and services designed specifically for the industry. The platform offers features like match management, player profiles, and live streaming integration, making it easier for organizers to manage and broadcast eSports events.
The accessibility of this platform is another factor contributing to the market growth. In the past, game development was a highly technical and time-consuming process that required significant expertise. Nowadays, game engines have become more user-friendly with drag-and-drop interfaces, pre-built assets, and tutorials, making it easier for developers of all skill levels to create games. This accessibility has allowed more developers to enter the market, leading to an explosion in the number of games being created.
By Platform Analysis
Game engines offer a range of features and tools to help developers create high-quality mobile games, including 2D and 3D graphics, physics engines, animation tools, and sound & music creation tools. In addition to the game engine, the mobile game platform market has also seen the rising popularity of application stores and other distribution platforms, such as the App Store, Google Play, and Amazon Appstore. For gaming on systems like iOS and Android, it is important to have a platform that is optimized for performance and can run smoothly on a wide range of devices, as they come in many different shapes, sizes and hardware configurations. Console game platforms such as PlayStation, Xbox, and Nintendo require engines that deliver high quality graphics and performance and support for advanced features like multiplayer gaming, virtual reality, and streaming. Several game engines have emerged in recent years to address the needs of console game developers, including Unity, Unreal Engine, CryEngine, and Frostbite.
By Type Analysis
There are various platforms other than 2D and 3D, such as mobile engines, cross-platform engines, HTML5 engines, Serious Engine, etc. The 3D game engine segment share has grown due to the increasing demand for high quality, immersive gaming experiences. These technologies require sophisticated 3D engines that can render complex environments and interactions in real-time, which has led to the development of specialized 3D engines for VR and AR. With the rise of virtual reality and augmented reality, game developers are looking for powerful tools to create iummersive and realistic environments that can fully engage players. The other game engines segment includes 4D and 5D game engines, among others. This segment is anticipated to expand with the highest CAGR, due to the trend of gamers demanding modern video games with significantly more immersion than regular 3D video games.
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By Components Analysis
Game engines are complex software systems that require specialized knowledge and technical expertise to implement, customize and maintain. As a result, companies often offer a range of services to support their customers, such as training, technical support, consulting, and custom development. The market has advanced in recent years, driven by the increasing demand for high-quality gaming experiences across multiple platforms, including mobile, PC, and consoles. The solution segment accounted for the largest market share due to the soaring popularity of multi-user game applications in competitive gaming tournaments such as Counter-Strike: Global Offensive Major Championships, eSports World Convention, Evolution Championship Series, and more. The services segment is expected to expand at the highest CAGR, owing to their role in enabling developers to emphasize product engagement and foster AR experience traction.
Market Latest Trends and Developments
Companies are expected to emphasize technological advancements, innovations, collaborations, and mergers & acquisitions to expand their footprint across yet-to-be-penetrated areas and solidify their position in established regions. For instance, in April 2022, Epic Games introduced Unreal Engine 5, the latest version of its development toolset, to enable creators to build games with substantial amounts of geometric detail.
On the other hand, in August 2022, Tencent Games teamed up with Logitech to create a handheld device that will facilitate multiple cloud gaming services. Moreover, in August 2022, Microsoft's Azure was named the cloud partner of the Unity Game Engine, as the latter gears up to boost its 3D portfolio. Unity expects it will help developers to implement their creations more easily and quickly on Xbox and Windows platforms.
List of major companies in the Game Engines Market
- Buildbox
- Clickteam
- Cocos
- Crytek GmbH
- GameSalad
- Marmalade Technologies Ltd.
- Phaser (Photon Storm Ltd.)
- RPG Maker
- Scirra Ltd. (Construct 3)
- Stencyl LLC
- Stride
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Segmented the global game engines market based on component, type, platform, genre, and region:
Table of Contents
Chapter 1 Methodology And Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Information Analysis
1.3.2 Market Formulation & Data Visualization
1.3.3 Data Validation & Publishing
1.4 Research Scope And Assumptions
1.4.1 List To Data Sources
Chapter 2 Executive Summary
2.1 Game Engines Market Snapshot
2.2 Game Engines - Segment Snapshot (1/2)
2.3 Game Engines - Segment Snapshot (2/2)
2.4 Game Engines - Competitive Landscape Snapshot
Chapter 3 Game Engines Market - Industry Outlook
3.1 Market Lineage Outlook
3.2 Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market Driver Analysis
3.3.2 Market Restraint Analysis
3.4 Industry Opportunities
3.5 Industry Analysis Tools
3.5.1 Porter’s Five Forces Analysis
3.5.2 Macroeconomic Analysis
3.6 Game Engines Market: Overview
3.6.1 Gaming Market Trends
3.6.2 Internet Penetration Worldwide
3.6.3 Increase In Smartphone Users Worldwide
3.6.4 Rise In 5g Technology Adoption
3.7 Technology Trends
3.7.1 Blockchain-Based Gaming
3.7.2 Cloud-Based Gaming
3.7.3 Esports Gaming
3.7.4 Ar & Vr Based Gaming
3.7.5 Games On Smart Wearables
3.7.6 Smartphone-Based Gaming
3.7.7 Console-Based Gaming
3.8 Game Engines Market - Covid-19 Impact Analysis
3.9 Technology Developments In Game Engines Market
3.10 Game Engines Analysis, 2022
3.10.1 Analysis On Adoption Of Different Game Engines
3.11 Game Engine Market Share Analysis, By Actively Played Games, 2022
3.12 Comparison Of Game Development Engine Based On Different Features
Chapter 4 Game Engines Market: Component Estimates & Trend Analysis
4.1 Component Movement Analysis & Market Share, 2022 & 2030
4.2 Game Engine Market Estimates & Forecast, By Component (USD Million)
4.2.1 Solution
4.2.2 Services
Chapter 5 Game Engines Market: Type Estimates & Trend Analysis
5.1 Type Movement Analysis & Market Share, 2022 & 2030
5.2 Game Engine Market Estimates & Forecast, By Type (USD Million)
5.2.1 2d Game Engine
5.2.2 3d Game Engine
5.2.3 Others
Chapter 6 Game Engines Market: Platform Estimates & Trend Analysis
6.1 Platform Movement Analysis & Market Share, 2022 & 2030
6.2 Game Engine Market Estimates & Forecast, By Platform (USD Million)
6.2.1 Mobile
6.2.2 Console
6.2.3 Computer
6.2.4 Others
Chapter 7 Game Engines Market: Genre Estimates & Trend Analysis
7.1 Genre Movement Analysis & Market Share, 2022 & 2030
7.2 Game Engines Market Estimates & Forecast, By Genre (USD Million)
7.2.1 Action & Adventure
7.2.2 Multiplayer Online Battle Arena (Moba)
7.2.3 Real-Time Strategy (Rts)
7.2.4 Role-Playing Games
7.2.5 Sandbox
7.2.6 Shooter (Fps And Tps)
7.2.7 Simulation And Sports
7.2.8 Others
