Pune, August 28, 2024 (GLOBE NEWSWIRE) — Game Engines Market Size Analysis:
“The Game engine market was valued at USD 2.80 billion in 2023 and is expected to reach USD 11.69 billion by 2032, growing at a CAGR of 17.2% during the forecast period 2024-2032.”
Market analysis
The game engine market is experiencing steady growth due to the increasing demand for complex and high-resolution gaming experiences across multiple platforms such as mobile, PC, and consoles. This trend is largely driven by the increasing popularity of competitive gaming and eSports, where high-quality game engines are required to ensure smooth performance for attractive gameplay. Among other things, this proliferation of immersive technologies is expanding the capabilities of game engines beyond their previous limits and driving even more disruptive growth through even higher levels of novel experimentation and more sophisticated tools.
Additionally, leading players on the supply side are constantly improving their offerings to meet the changing needs of game developers. Competition between companies like Unity, Epic Games (Unreal Engine) and Crytek is causing them to double down on their efforts to improve real-time rendering and better support cross-platform gaming, while also achieving tighter integration with AR/VR technology. With increased access to these higher-quality game engines, it will become much easier and more cost-effective for developers to create graphically stunning titles, helping to expand the market.
Therefore, the game engine market is expected to experience strong growth in 2032 due to increasing usage in various types of games. A key driver for continued growth is that there will always be a market for high-end gaming experiences, but also due to technology that will transform how video games are made and sold.
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This report lists the key players:
- Construction kit
- Clickteam
- Coconuts
- Crytek GmbH
- GameSalad
- (Construct 3)
- Stencyl LLC
- Stride
- The Game Developers Ltd. (AppGameKit)
- Marmalade Technologies Ltd.
- Phaser (Photon Storm Ltd.)
Game engine market Report scope:
| Report attributes | Details |
| Market size in 2023 | USD 2.80 billion |
| Market size until 2032 | USD 11.69 billion |
| CAGR | CAGR of 17.2% from 2024 to 2032 |
| Base year | 2023 |
| Forecast period | 2024–2032 |
| Historical data | 2020-2022 |
| Important regional coverage | North America (USA, Canada, Mexico), Europe (Eastern Europe (Poland, Romania, Hungary, Turkey, rest of Eastern Europe), Western Europe (Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, rest of Asia Pacific), Middle East and Africa (Middle East (UAE, Egypt, Saudi Arabia, Qatar, rest of Middle East), Africa (Nigeria, South Africa, rest of Africa), Latin America (Brazil, Argentina, Colombia, rest of Latin America) |
| Important growth drivers | • Increasing demand for games for PC, console and mobile platforms.
• Introducing cloud engines for real-time teamwork. • Increased demand for creating immersive experiences. |
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Market segments
The market share of solutions segments accounted for over 71.5% in 2023, driven by the growing popularity of multi-user games and the trend towards premium gaming experiences. Solutions and services are expected to grow at a CAGR of 19.6% and 19.3%, respectively, as developers seek support in maintaining complex engine systems and growing demand for product engagement. The market is dominated by 3D game engines, which offer high-quality graphics and intuitive design, with a share of 76%. Other game engines are also growing rapidly at a CAGR of 18.9%, as users look for new ways to engage and experience immersive projects beyond 3D. In terms of genre, action and adventure games lead with a market share of 21%. MOBAs have a fast-growing share of 18.9%, driven by rising MOBA participation in eSports. In terms of platforms, mobile has a 41% market share as the platform is widely accessible across a range of devices. Due to the high-quality graphics and gaming features, gaming consoles are experiencing a compound annual growth rate (CAGR) of 17.6%.
Game engine market Segmentation:
By component
By type
- 2D game engines
- 3D game engines
- Miscellaneous
By Platform
- mobile
- console
- computer
- Miscellaneous
By Genre
- Action & Adventure
- Multiplayer Online Battle Arena (MOBA)
- Real-time strategy (RTS)
- Role Playing Games (RPG, ARPG, CRPG, MMORPG, TRPG, etc.)
- Sandpit
- Shooters (FPS and TPS)
- Simulation and Sports
- Others (puzzle games, survival and horror games, etc.)
Recent developments
In May 2024 Epic Games has released major updates to Unreal Engine 5, introducing new tools and features to improve real-time rendering capabilities and enhance support for AR and VR applications. These updates are expected to increase the adoption of Unreal Engine 5 on mobile and console platforms.
In April 2024 Unity Technologies announced the acquisition of Parsec, a remote desktop tool that enables low-latency streaming. This acquisition is expected to enhance Unity’s cloud gaming capabilities and enable developers to build and test games in real time across multiple platforms, improving development efficiency.
In June 2024 Crytek has unveiled a major update to its CryEngine V, focusing on improving VR support and introducing new AI-driven game development tools. These advancements aim to maintain CryEngine’s competitive advantage in developing visually stunning and performance-optimized games.
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Key findingsStart of form
- The global game engines market is experiencing rapid growth, driven by the increasing demand for high-quality, immersive gaming experiences across mobile, PC and console platforms.
- Competitive gaming and eSports are major factors driving the market as these sectors require advanced game engines to deliver smooth performance and exciting gameplay.
- Virtual and augmented reality technologies are driving the development of more sophisticated game engines and enabling the creation of increasingly complex and immersive environments.
- Key market players, including Unity, Epic Games and Crytek, are continually innovating to improve real-time rendering, cross-platform support and AR/VR capabilities to meet the evolving needs of game developers.
- Due to continued technological advancements and the increasing adoption of game engines across various gaming genres, the market is expected to grow significantly by 2032.
Table of Contents – Key Points
1. Introduction
2. Summary
3. Research methodology
4. Analysis of the impact of market dynamics
5. Statistical insights and trend reports
6. Competitive landscape
7. Game Engines Market Segmentation by Components
8. Game Engines Market Segmentation by Type
9. Game Engines Market Segmentation by Platform
10. Game Engines Market Segmentation, Genre
11. Regional analysis
12. Company profiles
13. Use cases and best practices
14. Conclusion
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