PUBLISHER: The Business Research Company | PRODUCT CODE: 1429354
PUBLISHER: The Business Research Company | PRODUCT CODE: 1429354
Browser games are games that are exclusively played within a web browser, without the need for a video game console or other external devices.
The primary categories of browser games include mobile games, pay-to-play games, free-to-play games, and pay-in-play games. Pay-to-play games involve an upfront fee for access. These games are accessible on various operating systems such as iOS, Android, and Windows, catering to smartphones, tablets, PCs, TVs, and other platforms.
The browser games market research report is one of a series of new reports from The Business Research Company that provides browser games market statistics, including browser games industry global market size, regional shares, competitors with a browser games market share, detailed browser games market segments, market trends and opportunities, and any further data you may need to thrive in the browser games industry. This browser games market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The browser games market size has grown steadily in recent years. It will grow from $8.09 billion in 2023 to $8.37 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The historical growth can be attributed to factors such as revenue from in-game purchases and freemium models, the influence of live streamers and gaming influencers, and an increase in disposable income.
The browser games market size is expected to see steady growth in the next few years. It will grow to $9.5 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. Forecasted growth is fueled by increased internet usage, cross-platform gaming, technological advances, higher 5G penetration, and heightened gamer engagement due to COVID-19. Key trends include integrating AR and VR, prioritizing in-game advertising, pursuing independence from publishing houses, offering free access to games with premium features, adopting new technologies for portfolio improvement, and providing in-game incentives for social media sharing.
The rapid surge in the number of active gamers worldwide has been a driving force behind the growth of the browser games market. This increase is attributed to several factors including the proliferation of gaming devices, widespread internet access, technological advancements, and the popularity of online gaming. Browser games, being predominantly free and easily accessible online, cater to the entertainment needs of gamers. Projections from League of Betting suggest that the number of online gamers is poised to escalate to 1 billion by 2024, a notable increase from 877 million in 2020. As a result, the considerable rise in the global active gamer community is anticipated to be a primary driver fueling the expansion of the browser games market.
The growing adoption of the Internet of Things (IoT) is forecasted to further propel the growth of the browser games market in the future. IoT refers to a networked system of interconnected computing devices, mechanical and electronic machinery with unique identities (UIDs) that can transfer data without requiring direct human-to-human or human-to-computer interaction. The increasing integration of IoT technologies holds significant potential for enhancing the interactive features of browser games. It enables attributes such as improved interactivity, real-world integration, personalization, multi-device gaming, environmental effects, integration with wearable tech, location-based features, social interaction, smart home integration, and valuable gameplay analytics. Reports from Ericsson indicate that global IoT connections surged to 13.2 billion in 2022 and are projected to grow by 18% to reach 34.7 billion connections by 2028. This accelerating adoption of IoT technologies is identified as a driving force fostering the expansion of the browser games market.
The browser games market is experiencing a significant trend toward innovation, particularly in the realm of mobile browser games, as major companies seek a competitive advantage. Mobile browser games, designed to be played directly within a mobile web browser without the need for separate downloads or installations, have garnered attention. For instance, Nintendo of America Inc. launched Pikmin Finder in September 2023, an augmented reality (AR) game that utilizes the mobile device's camera to seamlessly integrate AR Pikmin into the player's real-world environment. This innovative addition to the Pikmin franchise offers an engaging and interactive experience, enabling players to interact with their favorite Pikmin characters in a novel way.
Companies within the browser games market are increasingly harnessing cutting-edge technologies such as Augmented Reality (AR) and Virtual Reality (VR) to elevate gaming experiences and introduce superior products. Niantic Labs, known for Pokemon Go, unveiled Peridot in April 2022, an upcoming game featuring AR creatures. Meanwhile, AR's Games, an Italian gaming firm, announced plans to launch The Real Tournament in January 2022, touted as the world's first artificial intelligence-based augmented reality video game. This game is a fusion of artificial intelligence and augmented reality, offering a first-person shooting experience with real people, exclusively designed for mobile devices. These strides in incorporating AR and AI into browser games underscore the industry's commitment to pushing technological boundaries and enhancing user engagement through immersive gaming experiences.
In April 2022, Gaming Innovation Group Inc. (GiG), a Malta-based iGaming company, successfully acquired Sportnco for $54.37 million (€51.37 million). This strategic move enhances GiG's standing in the iGaming industry, particularly in platform and sports segments. The acquisition expands GiG's product line, positioning it as a more profitable and cash-generating business. Sportnco, based in France, specializes in providing gaming and sports betting services for the internet gambling market.
Major companies operating in the browser games market report are King Digital Entertainment, Gameforge, InnoGames GmbH, Zynga Inc., Bigpoint GmbH, Kongregate (A MTG Company), Atrix Entertainment, Goodgame Studios (Stillfront Group), Travian Games GmbH, Arkadium Inc., Sony Corporation, Tencent Holdings Ltd., NetEase, YY, 37 interactive, Perfect World, Elex IGG and Alpha Group., Elex Technology Co. Ltd., Happy Elements Technology (Beijing) Limited, Shanghai Everstar Online Entertainment Co. Ltd., Electronic Arts Games India Private Limited, 99Games, Apar Games, PUBG Corporation, Griptonite Games India Private Limited, Game Freak Inc., Creatures Inc., Square Enix Holdings Co. Ltd., KLab Co. Ltd., Aiming Inc., Supercell, Gameloft, Asobo Studio, Team17 Digital Limited, Engine Software, Sumo Digital Team17 Digital Limited, Codemasters, Ubisoft, Sony Computer Entertainment, XSEED Game, Rockstar North, Rebellion, Bullfrog, Climax, Bizarre Creations, Codemaster, Playrix, Mail.Ru Group, Playkot, Pixonic, Valve Corporation, Bethesda Softworks, Sega, Koei Tecmo Game, Daedalic Entertainment, Headup Game Codemasters, Software Company Limited, Unity Technologies, JnJ Mobile, Otoy, CasinoRPG., LevelUP, Zygna, Arkadium, Playdom, OKAM Studio, Hoplon, Aquiris Game Studio, Behold Studios, Space Rhino Game, Bamtang Game, Squad, Wixel Studios, Nezal Entertainment, Tahadi Games, Game Power 7, Gameguise, Cloudgam.es, Quirkat, Tamatem, Babil Games, Celestial Games, Kuluya, Maliyo Games, Gamsole, RuneStorm
Asia-Pacific was the largest region in the browser games market in 2023. North America was the second largest region in the global browser games market share. The regions covered in the browser games market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the browser games market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
The browser games market includes revenues earned by entities by providing design, documentation, installation and support services, and producing and distributing browser games. Browser can be played on smartphones, tablets, PCs, and TVs using a browser. Online or browser games refer to games played over some computer network, most frequently, the internet. Online games can range from plain text games to games that combine complex graphics and virtual worlds populated simultaneously by several players. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Browser Games Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on browser games market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for browser games? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The browser games market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.