đ§Market Potential
Last updated
Last updated
In recent years, casual games have soared in popularity. People love these games for their simplicity, suitability for short play sessions, and availability across various platforms.
The casual gaming market holds is thriving. Here's a glimpse into its potential, straight from Statista:
The global casual gaming industry is projected to surge to $14.78 billion in 2024 and an impressive $19.12 billion in 2027.
Expect an annual growth rate of nearly 9% in the market.
In-app purchase (IAP) revenue is set to hit $6.77 billion by 2027.
Paid app revenue is expected to reach $0.18 billion by 2027.
Advertising revenue is forecasted to skyrocket to $12.17 billion by 2027.
The number of downloads is expected to peak at 27.19 billion in 2027.
Currently, the average revenue per download is estimated at $0.64 and is projected to rise to $0.70 by 2027.
Mordor Intelligence, a renowned market research company, is even more optimistic about the casual gaming industry expansion. According to their forecasts, the market is expected to reach $27.59 billion by 2027.
The casual gaming boom is evident from the growing number of players who prefer this genre. Notably, over 17 million users play hyper-casual games on their mobile devices.
What's more, the gaming audience stands out for its purchasing power. In 2020, gamers around the world spent about $54 billion on additional in-game content, according to Statista. By 2025, the amount spent on in-game purchases is expected to go over $74.4 billion.
The crypto market seems to have exited its 'winter' and is changing for the better. Recent research by Coinbase shows that the total crypto market cap doubled during 2023, reaching $0.18 trillion.
Across various gaming platforms, KPMG reports the highest Compound Annual Growth Rate (CAGR) in blockchain gaming. Simply put, blockchain games increase in value more quickly each year compared to other games on different platforms.
