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Augmented Reality Gaming Market is Projected to Rise 2600% by 2028 And Will be Led by SpaceCatch

by BSC News

April 5, 2023

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With AR technology becoming increasingly widespread, SpaceCatch is poised to lead the innovative sector.

The gaming industry is on the rise, with the area of augmented reality games currently attracting the most attention. It is expected that this trend will continue in the future, which has been confirmed by several reputable analytical companies.

Predictions for AR Gaming Market Growth

According to the research portal Grand View Research, it is estimated that the augmented reality market in the gaming industry will reach a value of up to $274.4 billion by 2027, with a CAGR (compound annual growth rate) of 52.7% in the period of 2023-2027. In the US, a similar estimate was already made in 2020 by the analytical platform Zion Market Research, which estimates that the AR gaming market will reach a value of $284.93 billion by 2026, with a CAGR of 152.7% in the period of 2020-2026. If we consider the combination of AR + VR technologies, this sector will have a value of up to $814.7 billion in 2025. 

These statistics show that the AR gaming market has huge potential for growth and offers many opportunities for developers and players. There are many advantages to AR games - from improving the player's experience to expanding the gaming possibilities within the game itself. Another advantage is that unlike VR, with AR games, you do not need special equipment, which can sometimes exceed $1000. With games that support augmented reality, you often only need your smartphone. 

However, these data should be taken with a grain of salt, as they may be influenced by several unexpected factors.

Main Reasons for Predicted Growth

The main reasons and arguments for the expected growth of this sector include:

AR technology is becoming increasingly widespread and accessible thanks to advances in hardware and software. This leads to a wider acceptance of AR applications, including AR games.

Growing popularity of mobile games: In recent years, mobile games have become increasingly popular, and playing AR games is a natural extension of this trend. As more people play games on their smartphones and tablets, the demand for AR gaming experiences is likely to grow.

Integration with other industries: Playing AR games is not limited to the gaming industry. It can also be integrated with other sectors, such as education, healthcare, and tourism. This brings new opportunities for AR game developers and can contribute to market growth. As you can see from the graph below, the use of AR in games accounted for approximately 13% of the market share.

Innovations in game development: Playing AR games is a relatively new and constantly evolving sector, and game developers are constantly exploring new ways to create interesting and engaging gaming experiences with AR. As these innovations continue, more people are likely to be attracted to playing AR games.

SpaceCatch Game

SpaceCatch is a new and highly anticipated game that also supports augmented reality. However, the developers of this game went even further and decided to implement new blockchain and NFT technologies. This combination makes SpaceCatch a completely new and groundbreaking project. The integration of these modern technologies also allows players to achieve a completely new, previously undiscovered gaming experience.

In addition, SpaceCatch breaks with established standards, and players will be able to earn money by playing this game through integrated Move-to-Earn and Play-to-Earn concepts - and all with zero entry investment! This step is made possible by the open gaming economy that is characteristic of next-generation games - from the world of Web3.0!

Stay updated with SpaceCatch and its developments via the following links:

Website | Twitter | Telegram | Instagram | Discord 

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