iCrowdNewswire Dec 31, 2020 12:12 AM ET
Game API Market Highlights:
The global game API market is expected to reach a valuation of USD 2.2 billion by 2023, exhibiting a strong CAGR of 6% over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The report predicts rapid technological innovation in the game API market over the forecast period as game developers try to accommodate the growing customer demographic of gamers and provide top-notch services that improve the gaming experience.
The growing demand for mobile, PC, and console gaming is likely to be the major driver for the global Game API Market over the forecast period. The development of advanced physics engines and GPUs in recent years has led to a rapid upgrade in terms of game resolution, video quality, and immersive experience.
This has resulted in a growing demand for gaming, as the growing youth demographic around the world has overwhelmingly supported the development of more immersive games with impressive graphics and user interfaces. The growing use of mobile phones for gaming is likely to be a key feature of the global game API market over the forecast period, as many game API developers are likely to focus on mobile games in the coming years to maximize their profit margin.
The global game API market is likely to be defined by the growing demand for compact, miniaturized gaming and processing components over the forecast period. These components are the perfect fit for mobile gaming, which has driven significant technological innovation in the field in recent years.
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Leading players in the global game API market include Tibco Software Inc., CA Technologies, Amazon, Apigee Corp., Google, Microsoft Corporation, Matrix Games, Neteller, Cake Network, and NetEnt. NetEnt and Microsoft are among the leading companies in the global game API market. Microsoft has used its extensive experience in the development of Xbox technology and products to develop a strong product lineup in the game API market and is likely to remain a key player in the global game API market over the forecast period.
In May 2019, Microsoft announced a new updated Xbox SDK toolset focused on game streaming. The growing popularity of online gaming is likely to be important for the game API market over the forecast period, with innovations such as this one paving the way for further advancements over the coming years.
In the same month, Google announced that their latest version of Android, Q, will feature an API that will monitor the device temperature and work with gaming apps to reduce the temperature by carrying out processes such as reducing the resolution and target frame rate. Heat management has been a major issue for mobile phone developers, as the confined space in a mobile phone and the use of smaller components leads to significant heat generation during intensive tasks such as graphic-heavy gaming.
The global game API market is segmented on the basis of type, OS, and region.
- By type, the global game API market is segmented into identity management, maps and location, voice/speech, and others.
- By operating system, the global game API market is segmented into Windows, iOS, and Android.
North America is likely to remain the leading regional segment in the global game API market over the forecast period due to the strong presence of leading technology developers in the region. Companies such as Microsoft and Google are situated in North America, boosting the region’s prospects in the game API market over the forecast period. Apart from this, the growing disposable income of consumers in the region and the growing demand for gaming applications from the youth demographic are likely to be important to the game API market in North America over the forecast period.
Asia Pacific is likely to exhibit rapid growth in the game API market over the forecast period due to the growing demand for gaming applications from developing countries such as Japan, South Korea, India, and China. Europe is also likely to play a leading role in the global game API market over the forecast period. On the other hand, the low disposable income of consumers in Latin America, the Middle East, and Africa is likely to restrict the game API market’s growth in these regions over the forecast period.
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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List of Tables
Table 1 Game API Market, By Type
Table 1 Game API Market, By Operating System
Table 2 Game API Market, By Region
List of Figures
Figure 1 Research Type
Figure 2 Game API Market: By Type (%)
Figure 3 Game API Market: By Operating System (%)
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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Keywords: Game API Market, Game API Market Forecast, Game API Market Growth, Game API Market Trends, Game API Market Size, Global Game API Market