The global blockchain gaming market will grow to an estimated $614 billion over the next seven years, according to an analysis from Fortune Business Insights released on Dec. 11. The market currently accounts for an estimated $154 billion in spending.The report analyzed global sales data for blockchain game products from 2017 to 2021. It found that sales were increasing by a compound annual growth rate (CAGR) of 21.8%, implying that by 2030, the market will have reached $600 billion. This equates to an absolute growth rate over the six-year period of nearly 299%.Fortune’s researchers divided the world into five regions: North America, South America, Middle East/Africa, Europe and Asia Pacific. North America posted the largest share of blockchain game item purchases for any region in 2022, accounting for over $30 billion, or approximately 24% of the total. The researchers stated that they expect this North American dominance to continue.Forecast of market size for blockchain gaming in North America. Source: Fortune Business InsightsWhen it comes to the category of games offered, the report stated that it expects role-playing games to have the highest growth rate when compared to other categories. These games have “special characters, themes, additional weapons, accessories, and other features” that make them especially suited to implementing blockchain features. Role-playing games represented over 33% of the market in 2022, it stated.Web-based blockchain games currently represent the largest segment of blockchain games, which the researchers expect to continue dominating. However, they also stated that Android-based games are becoming more prevalent.Related: Enjin migrates over 200M NFTs from Ethereum to its blockchainBlockchain gaming companies have recently implemented new features to make onboarding easier. For example, Immutable added Transak as an additional option for purchases on Dec. 11. Not all blockchain gaming news is positive, though. A Nov. 30 CoinGecko study found that over 75% of blockchain games launched between 2018 and 2023 have failed.
