📈Market Overview
NE Play Ecosystem aims to strategically position itself within the expanding and growing gaming and sports betting markets, leveraging the latest advancements in web3 technology to develop a transformative ecosystem. By conducting a comprehensive analysis of each market segment, including gaming, esports, gambling, sportsbook, event contracts etc., NE Play Ecosystem will capitalise on emerging trends and opportunities, shaping the future of interactive entertainment. These markets represent significant growth potential and are integral to the company’s vision of creating an all-in-one, interconnected platform that will empower users to engage, earn, and thrive in the digital entertainment space.
Gaming Market
The gaming market is anticipated to witness unprecedented growth, driven by advancements in blockchain technology, decentralised finance (DeFi), and the adoption of web3 protocols. NE Play Ecosystem will harness these advancements to offer a diverse range of gaming experiences powered by blockchain technology, ensuring transparency, security, and user empowerment. Additionally, NE Play Ecosystem will actively engage with the burgeoning esports sector, collaborating with leading esports organisations, tournaments, and influencers to create competitive gaming experiences that resonate with esports enthusiasts.
The global gaming market is witnessing notable growth, with forecasts suggesting a robust upward trajectory in the foreseeable future. This growth is primarily propelled by ongoing technological advancements within the sector, such as the proliferation of mobile gaming, the expanding utilisation of virtual and augmented reality technologies, and the introduction of high-speed network connectivity like 5G. Moreover, the industry is capitalising on the rising prevalence of smartphones and increasing internet accessibility, which are creating fresh avenues for game developers and mobile providers. Additionally, the emergence of cloud gaming services, which leverage expansive cloud capabilities and global content delivery networks, is expected to further bolster market expansion.
The global esports market is valued at $2.11 billion in 2024 and is expected to show a CAGR of 20.5% during 2024-2029, resulting in a projected market volume of 5.27 billion by 2029. [2] The global esports market boasts several significant segments, with esports venturing emerging as the largest, with a market volume of $2.5 billion recorded in 2024. Forecasts suggest that by 2028, the global esports market is poised to attract a staggering total of 856.5 million users, reflecting a considerable increase in user base over the years. Projections indicate that the user penetration rate, which stands at 11.7% in 2024, is anticipated to rise to 13.7% by 2028, underscoring the growing popularity and widespread adoption of esports worldwide. Moreover, the average revenue per user (ARPU) is expected to reach $6.01, reflecting the significant economic potential within the global esports market. [3]
The global play-to-earn NFT games market is valued at $4.45 billion in 2024 and is expected to demonstrate a CAGR of 17.93% during 2024-2029, positioning it to reach a valuation of $7.14 billion by 2029. [4] The emergence of play-to-earn NFT games represents a groundbreaking fusion of gaming and blockchain technology, revolutionising traditional gaming experiences. Over the past years, the blockchain ecosystem has witnessed the gradual rise of the "play-to-earn" game mode, which leverages crypto-assets and NFTs to establish player ownership of in-game currency and items. This novel approach not only fosters immersive gaming experiences but also establishes a direct link between the digital economy within the game and real-world value. Market drivers behind this trend include the growing interest in blockchain technology, the increasing demand for decentralised gaming experiences, and the desire for players to have true ownership and autonomy over their in-game assets.
The global free-to-play games market is valued at $54.51 billion in 2024 and is expected to grow at a CAGR of 17.02% during 2024-2029 to $119.46 billion in 2029. [5] Free-to-play games development is a trending topic as of 2024 with a success rate of over 90% in the gaming market. Free-to-play (F2P) games are striking huge revenues for the gaming industries as maximum users are engaged in this type of game due to the availability of free versions. [6]
Online Gambling Market
The online gambling market is poised for exponential growth, fueled by the integration of cryptocurrencies, smart contracts, and decentralised applications (dApps). NE Play Ecosystem recognises the transformative potential of blockchain technology in this domain and is strategically positioned to capitalise on this momentum.
In the global online gambling market, user numbers are projected to reach 281.3 million by 2029, reflecting a steady increase in market participation. With a user penetration rate of 6.0% in 2024, this figure is anticipated to rise to 7.6% by 2029. The average revenue per user (ARPU) is expected to reach $0.47k, underlining the lucrative potential of the market.7 Market growth is further propelled by various factors, including the proliferation of sponsorships and the availability of convenient payment options, which enhance accessibility and user engagement. Moreover, the surge in internet penetration and the widespread use of mobile devices for online gaming contribute significantly to the expansion of the online gambling sector. Additionally, the integration of blockchain technology has emerged as a key driver, facilitating enhanced security, transparency, and trust within the online gambling ecosystem. These factors collectively contribute to the dynamic growth and evolution of the online gambling market.
The global online sports betting market is valued at $45.94 billion in 2024 and is expected to show a CAGR of 7.41% during 2024-2029, resulting in a projected market volume of $65.68 billion by 2029. [8] In the global online sports betting market, user numbers are projected to reach 180.8 million by 2029, indicating sustained growth and increasing market participation. With a user penetration rate of 3.9% in 2024, this figure is anticipated to rise to 4.9% by 2029. The average revenue per user (ARPU) is expected to amount to $0.33k, highlighting the considerable revenue potential within the market.8 The segment's growth is further fueled by the rising popularity of casino games such as blackjack, virtual slot machines, and other quick casino games, which contribute to enhanced user engagement and market expansion. This trend underscores the dynamic nature of the online sports betting sector, driven by evolving user preferences and technological advancements.
The global online casino market is estimated at $36.69 billion in 2024 and is anticipated to reach around $46.93 billion by 2029, growing at a CAGR of roughly 5.05% between 2023 and 2032. The continuous evolution of technology stands as a cornerstone in shaping the landscape of the global online casino market. Advancements in mobile technology, virtual reality (VR), artificial intelligence (AI), and blockchain have the transformative potential to redefine the gaming experience, drawing in new players and extending the market's influence. The popularity of mobile devices has particularly catalysed significant changes within the online casino market, underscoring the need for operators to adapt to the dynamic digital environment and meet the evolving demands of players.
Last updated