Game Engine Market Size Analysis, DROT, PEST, Porter, Regional & Country Forecast to 2027 – Androidfun.com

The increase in demand seen by the gaming industry during shutdowns and the proliferation of mobile games to drive market growth. Moreover, growing demand from sectors such as BFSI, automotive, and retail is helping to bolster the growth over the forecast period.

Market Size – USD 2.18 billion in 2019, Market Growth – CAGR of 13.63%, Market Trends – Growing adoption in BFSI, Automotive, Architectural and Healthcare sectors. The upward trend of AR/VR will drive the growth over the forecast period.

world of of the market is expected to exceed USD 5.96 billion by 2027. A game engine is core software of a video game or computer game. The software is used to create and develop video games for mobile devices, consoles and personal computers. 2D or 3D based game engine software is used to quickly plan and code games. Game engines perform animation, sound, scripting, artificial intelligence, collision detection, and memory management in games.

A notable application of game engines is seen in various industries, where they are used for gamification as well as the growing adoption of augmented reality and virtual reality. The banking industry is integrating their use for an innovative approach to customer experience. It is also used in the end use architecture to create virtual environments to allow developers to focus on importing the appropriate content. In automotive end use game engines like Unity or Unreal Engine in order to develop UI & UX design. Although game engines are great prototyping tools, they allow design teams to quickly assess their work in the 3D ecosystem in real time.

The expansion of the gaming industry is expected to drive the growth of the global game engine market. The increase in the rate of mobile game applications and spending by application stores will also drive the growth of the market. However, the high cost constraints for small game organizations will pose a challenge for the game engine market.

Augmented reality in games is a very recent concept but is acting to increase demand in the game engine industry. Many game engines provide AR development suites. An AR game engine typically contains an augmented reality software development kit or SDK, which allows developers to design, build, and test games in development. These tools also allow developers to create and edit 3D characters that can interact with the real world. The requirement for these advanced features by developers creates a demand for AR-enabled game engine platforms.

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The impact of COVID-19:

The global gaming industry is thriving, despite the widespread economic disruption caused by the coronavirus. With the practice of social distancing minimizing consumption and commercial activities, the game provides an attractive distraction for people trying to find social interaction during the lockdowns that are being implemented around the world. Initial data shows huge growth in play time and sales since the shutdowns began. New game companies are also entering developing markets. For example, Paytm First Games, the gaming arm of digital payment platform Paytm, started in 2019 and saw a 200% increase in user base during lockdown. The global computer games market is expected to be worth $159 billion in 2020, which compared to $43 billion amassed in 2019, indicates fourfold growth. The most important market in terms of turnover is Asia-Pacific with nearly 50% of the gaming market by value. With games and games being in high demand, the game engine market is also expected to perform exceptionally well during the pandemic.

Other key findings from the report suggest that

  • Unity Technologies released a report, there has been an almost 50% increase in daily active users of high-definition games due to COVID-19. The report’s findings stem from a cross-platform study focused on the impact of COVID-19 on mainstream gaming, including an analysis of player behaviors in games, and how games have so far proven to be a stable source of income during a global economic crisis.
  • 5D imagery has become popular in the gaming industry and animators from other fields have started to take notice by making it work in their respective fields.
  • Cloud gaming is another concept that is gaining momentum in PC games as well as mobile games. With the rise of 5G and better internet connectivity, mobile cloud games will witness an increasing demand over the forecast period, thus adding the game engine market.
  • In 2020, the world is gearing up for the launch of Sony’s PS5. Despite the high cost, Sony is expected to sell 120-170 million units over the next 5 years. Growing interest in gaming and increasing disposable income will increase gaming which in turn will drive the game engine market.

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For the purpose of this report, Reports and Data has segmented the Global Game Engines Market on the basis of Type, Application, End-Use, and Region:

Type Outlook (Revenue, USD Billion; 2017-2027)

Outlook App (Revenue, USD Billion; 2017-2027)

  • PC & Game Console
  • Mobile Games
  • TV Game
  • Training & Simulation
  • others

End-Use Outlook (Revenue, USD Billion; 2017-2027)

  • Gaming & Entertainment
  • Automotive & Logistics
  • Healthcare
  • Architecture
  • Broadcast & Live events
  • Education
  • Aerospace & Defense
  • BFSI
  • others

Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • Latin America

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The market report includes major points in TOC:

  • Overview of the game engine market
  • Global economic impact on the industry
  • Global Market Competition by Manufacturers
  • Global Production, Revenue (Value) by Region
  • Global Supply (Production), Consumption, Export, Import by Regions
  • Global Production, Revenue (Value), Price Trend by Type
  • Global Market Analysis by Application
  • Manufacturing cost analysis
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Analysis of marketing strategy, distributors / traders
  • analysis of market effect factors
  • Game Engine Market Forecast

conclusion, all aspects of the Game Engines Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market based on market drivers, limitations and its future prospects.

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Game Engine Market Size Analysis, DROT, PEST, Porter, Regional & Country Forecast to 2027 – Androidfun.com


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