Web3 gaming market expected to grow to $124.74 billion by 2032
From GlobeNewswire: 2025-07-01 10:00:00
The Web3 gaming market was worth USD 25.63 billion in 2024, expected to reach USD 124.74 billion by 2032, growing at a CAGR of 19.34%. Blockchain gaming, player-owned assets, and play-to-earn models are driving this growth, offering transparency and decentralized ownership that appeal to developers and players alike.
In the U.S., the Web3 gaming market was valued at USD 8.58 billion in 2024, projected to reach USD 34.64 billion by 2032, with a 19.07% CAGR. Factors such as blockchain adoption, NFT integration, and digital ownership are contributing to this growth trend.
NFT-based games are anticipated to have the fastest growth in the Web3 gaming market, with a 20.40% CAGR from 2025 to 2032. These games allow players to trade unique in-game items with real value, reshaping how gamers perceive their time and virtual assets in an expanding universe of interoperability.
In 2024, the Play-to-Earn (P2E) model dominated the Web3 gaming market with a 39% revenue share, attracting users globally with incentivized systems. This model has gained popularity in various parts of the world, offering income opportunities through gaming engagement in both developing and developed nations.
The PC/Desktop segment led the Web3 gaming market in 2024 with a 40% revenue share, supported by advanced infrastructure, high processing capabilities, and user familiarity with crypto tools. Enhanced interface customization, superior graphics, and seamless integration of wallets drive user engagement and immersive experiences.
Casual gamers accounted for 40% of Web3 gaming revenues in 2024, benefiting from easy access, minimal time commitment, and exciting reward mechanisms. Mobile-first game designs with seamless onboarding and engaging rewards attract a broad audience, contributing to revenue growth in different geographic regions.
North America held a 40% share of the Web3 gaming market in 2024, driven by robust blockchain infrastructure and early decentralization adoption. Asia Pacific is expected to witness the fastest growth, with a projected CAGR of 21.27% from 2025 to 2032, fueled by a large mobile-first gamer base, increasing digitalization, and government support for crypto assets.
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