Game Engines Market, 2018-2026 - Industry Applications,Market Share, Segmentation, Company Share: Coherent Market Insights
Game engine is a primary software of a
computer game or video game. The software is used to create and develop video
games for consoles, mobile devices, and personal computers. Game developers use
2D- or 3D-based game engine software to plan and code the game quickly and
easily. Important functions of game engines include, scripting, sound,
animation, Artificial Intelligence, collision detection, physics engine, and
memory management. Game engines are a medium to develop a game and to have
full control and command over the game and game settings. Game engines also
save a considerable amount of time by offering several preset modules,
libraries, effects, and tools.
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The global game engines market was valued
at US$ 1,717.2 million
in 2017 and is expected to reach US$ 4,186.9 million by 2026,
exhibiting a CAGR of 10.6% between 2017 and 2026.
Factors Driving Growth of the Global Game
Engines Market
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.
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Game Engines Market: Regional Insight
On the basis of region, game engines market is
segmented into North America, Europe, Asia Pacific, Latin America, Middle East,
and Africa. Asia Pacific game engines market is projected to account for the
highest market share in 2017. China, Korea, India, and South East Asia are
major growth engines in Asia Pacific. According to Coherent Market Insights’
analysis, app downloads are expected to increase by 45% to reach US$
258.2 billion during 2019-2022, globally. Major contribution for this growth is
from economies such as China, India, Japan, Indonesia, and Vietnam. According
to Coherent Market insights’ analysis, China is the largest mobile app market
worldwide and accounts for around 40% of the global market in terms of value in
2018.
Key Players in the Global Game Engines Market
According to Harvard Business School, Unity
Technologies held dominant position in the global game engines market, with
around 42-45% share of the global game engines market in 2017 by value. Other
prominent players in the market include, Chukong Technologies, Valve
Corporation, The Game Creators Ltd., Leadwerks Software, Epic Games, Inc.,
CRYTEK, YoYo Games Ltd, Marmalade Game Studio Ltd., Idea Fabrik, PLC., SONY
INDIA, Amazon.com, Inc., GameSalad Inc., Scirra Ltd, Corona Labs Inc.,
GarageGames.com, Silicon Studio Corp., Briar Wallace/Blender Foundation
(Organization), Mario Zechner (Personal), Godot Engine (Community developed),
and the OGRE Team (Organization).
Game Engines Market: Taxonomy
By Product Type
- 3D
Game Engines
- 5D
Game Engines
- 2D
Game Engines
By End User
- PC
Games
- Mobile
Games
- TV
Games
- Others
(console games and video games)
By Region
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East
- Africa
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and
consulting firm offering action-ready syndicated research reports, custom
market analysis, consulting services, and competitive analysis through various
recommendations related to emerging market trends, technologies, and potential
absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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