The Serious Games Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Serious Games Global Market Report 2024, The serious games market size has grown exponentially in recent years. It will grow from $9.71 billion in 2023 to $11.67 billion in 2024 at a compound annual growth rate (CAGR) of 20.3%. The growth in the historic period can be attributed to educational initiatives, healthcare training, corporate training and skill development, military and defense applications, employee engagement and productivity.
The serious games market size is expected to see exponential growth in the next few years. It will grow to $25.74 billion in 2028 at a compound annual growth rate (CAGR) of 21.9%. The growth in the forecast period can be attributed to personalized learning solutions, healthcare patient care, diversity and inclusion training, global expansion of e-learning, rise of gamified assessments. Major trends in the forecast period include integration with artificial intelligence (AI), advancements in virtual reality (VR) and augmented reality (AR), increased access to technology, gamification in corporate training, cross-platform accessibility.
The adoption of virtual reality in training and development activities is expected to propel the growth of the serious games market. Virtual reality is an artificial world made with software and presented to the user in a way that causes them to suspend belief and take it for granted that it is real. Virtual reality offers a learning environment where people may experiment with new skills, fail safely, learn from their errors, and advance professionally. For instance, in April 2021, according to a study conducted by the Korea World Bank Partnerships Facility, a total of 72 experiments demonstrate that VR training is equally or even more effective than conventional training at enhancing student learning results. After finishing their courses, students who received VR training reported 20% improved levels of confidence and self-efficacy. Therefore, adopting virtual reality in training and development activities is expected to drive the serious games market growth.
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The serious games market covered in this report is segmented –
1) By Gaming Platform: Smartphone, Console, PC, Other Platforms
2) By Application: Simulation and Training, Research and Planning, Advertising and Marketing, Human Resources, Other Applications
3) By Industry Vertical: Education, Healthcare, Aerospace and Defense, Government, Retail, Media and Entertainment, Other Verticals
Major companies operating in the serious games market are forming partnerships to develop new products and strengthen their positions in the market. Collaborations and partnerships in the serious games market foster innovation, leverage complementary expertise, and accelerate the development and commercialization of advanced therapies by combining resources and capabilities. For instance, in April 2023, HAVELSAN A.Ş. a Turkey-based defense and information technology company partnered with Epic Games, Inc. a US-based video game and software development company. This partnership is to utilize the epic games' advanced capabilities of the Unreal Engine game engine by enrolling in the unreal engine service partner program. This collaboration resulted in the creation of malazgirt, a first-person shooter game built around the malazgirt Serious Game Infrastructure Project. HAVELSAN's primary focus is creating serious games for the defense sector, and enabling them to enhance their proficiency in this domain.
The serious games market report table of contents includes:
1. Executive Summary
2.Serious Games Market Characteristics
3.Serious Games Market Trends And Strategies
4.Serious Games Market analysis
5.Serious Games Market Size And Growth
6.Serious Games Segmentation
7. Serious GamesRegional And Country Analysis
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27.Serious Games Competitive Landscape And Company Profiles
28.Serious Games Key Mergers And Acquisitions
29. Serious Games Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- IBM Corporation
- Cisco Systems Inc.
- Nintendo Co Ltd.
- Grendel Games
- Tygron BV
- MPS Interactive Systems Ltd.
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There are many advantages indeed and by integrating the games, employees will become more productive and skilled in their daily tasks.
A well-developed game can even improve corporate ROI and meet various performance goals.The first benefit is how skills and knowledge are put into practice.
In regular training, employees have to go through materials, read and learn them, listen to lectures and such.
Serious games help put skills into practice, so that nothing is lost along the way.
This means they will become more motivated, as they get to see how their actions influence progress.Secondly, employees will be more motivated to take part into training, as they know they will also have some fun and not get bored listening to others.
They can even play in teams or one against another, it is up to managers to establish how things go and what is more efficient.
The latest trending report Global Serious Game Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Serious Game market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 10.4% in the forecast period of 2020 to 2025 and will expected to reach USD 5313.8 million by 2025, from USD 3574.7 million in 2019.The Serious Game market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/33369-serious-game-market-analysis-reportThe major players covered in Serious Game are:CiscoCCS EducationNintendoIBMBreakAway GamesMicrosoftSerious Game InteractiveApplied Research AssociatesSerious Game InternationalDesigning DigitallyBy Type, Serious Game market has been segmented into: Mobile-based PC-based Web-basedBy Application, Serious Game has been segmented into: Aerospace and Defence Automotive Education Energy Government Healthcare Media and Advertising OthersThe report offers in-depth assessment of the growth and other aspects of the Serious Game market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia) South America (Brazil, Argentina, Colombia) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Serious Game Market @ https://www.decisiondatabases.com/contact/download-sample-33369There are 14 Chapters to deeply display the global Serious Game market.1 Serious Game Market Overview2 Company Profiles3 Global Serious Game Market Competition, by Players4 Global Serious Game Market Size by Regions5 North America Serious Game Revenue by Countries6 Europe Serious Game Revenue by Countries7 Asia-Pacific Serious Game Revenue by Countries8 South America Serious Game Revenue by Countries9 Middle East and Africa Revenue Serious Game by Countries10 Global Serious Game Market Segment by Type11 Global Serious Game Market Segment by Application12 Global Serious Game Market Size Forecast (2021-2025)13 Research Findings and Conclusion14 AppendixPurchase the complete Global Serious Game Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-33369Other Reports by DecisionDatabases.com:Global Online Game Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Board Games Market 2019 by Company, Regions, Type and Application, Forecast to 2024Global Toys and Games Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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