2-2. Market Trends

The Blockchain Market

The global blockchain market grew from $1.49 billion in 2020 to $4.9 billion in 2021. It is expected to grow at a CAGR of 68.4% to $67.4 billion by 2026.1)

The NFT and Game segment, in particular, has experienced significant growth. The NFT market hit an annual growth rate of 5,438% in 2021, with the total transaction volume of the top 10 NFT marketplaces climbing to $23.9 billion. 2)

The market for blockchain-based games, which are games using FTs and NFTs, will also grow to over $1 billion in monthly transaction volume.3)

The Gaming Market

The size of the global games market is expanding rapidly. While the impact of COVID-19 was positive in that the games market grew ahead of expectations, there were also negative impacts, such as the lockdown in the first half of 2020 that affected the way game studios work and the pandemic disrupting the global supply chain. 5)

The breakdown of the games market is assumed to be PC games at $35.9 billion, console games at $49.2 billion, and mobile games at $90.7Bn, with mobile games accounting for more than half of the total.

The global games market will continue to grow for the next few years and is expected to exceed $20 billion by the end of 2023. The games market is forecast to grow at a CAGR of +7.2% to $204.6 billion between 2019 and 2023.

The number of gamers is also expected to show steady growth, with the global game player population growing at a CAGR (2015-2023) of +5.6% to surpass the 3 billion mark in 2023.5)

A large share of this growth will come from mobile gamers. Due to growth markets in regions such as Asia Pacific, Middle East & Africa, and Latin America, the player population in these regions is expected to continue to grow over the next few years.