The current market is growing at a 21.8% CAGR, according to a report from Fortune researchers.
The global blockchain gaming market will grow to an estimated $614 billion over the next seven years, according to an analysis from Fortune Business Insights released on Dec. 11. The market currently accounts for an estimated $154 billion in spending.
The report analyzed global sales data for blockchain game products from 2017 to 2021. It found that sales were increasing by a compound annual growth rate (CAGR) of 21.8%, implying that by 2030, the market will have reached $600 billion. This equates to an absolute growth rate over the six-year period of nearly 299%.
Fortune’s researchers divided the world into five regions: North America, South America, Middle East/Africa, Europe and Asia Pacific. North America posted the largest share of blockchain game item purchases for any region in 2022, accounting for over $30 billion, or approximately 24% of the total. The researchers stated that they expect this North American dominance to continue.