According to the latest research study published by Intent Market Research, game development services market is projected to reach USD 16.8 billion by 2030 from USD 3.4 billion in 2023-e, at a CAGR of 25.7%

Game development services are a crucial aspect of the gaming industry owing to the various benefits they offer, such as access to specialized skills or expertise, cost-effectiveness, and increased flexibility. The demand for game development services is being propelled by the growing gaming industry. The gaming industry is constantly evolving, and key companies in the game development services are continuously striving to strengthen their services to take the gaming experience to new heights.

Increasing Trend of Porting Game Titles to the Mobile Platform is Driving the Demand for Porting and Re-mastering Services

In recent years, mobile gaming has emerged as one of the most popular platforms. The surge in the adoption of smartphones and 5G connections has led to a significant shift in demand for mobile game development. This has led to an increase in the trend for porting several popular game titles from PC and consoles to mobile. Several major game developers and publishers are increasingly opting for porting their game titles to the mobile platform with the help of game development services. Thus, porting and re-mastering are among the fastest-growing segments.

Source: Intent Market Research Analysis

Game Exclusivity for Consoles Drives the Segment’s Growth

Console gaming is among the most popular gaming platforms owing to simple installation and easy-to-use designs. Consoles are also cheaper in comparison to PCs and do not require hardware upgrades. In addition, several games are designed exclusively for consoles of respective first-party developers including Sony and Nintendo which further drives the demand for consoles. Moreover, increasing product launches is driving market growth. For instance, in July 2021, Nintendo launched the Nintendo Switch OLED Model with upgraded specs to cater to the market demand. The surge in the VR and AR consoles has also led to a sudden shift in console gaming. Thus, the console segment holds a significant market share in the game development services market.

North America is the Largest Region Owing to the Presence of Big Gaming Studios in Region

North America is home to several large gaming studios such as Microsoft, Ubisoft, Activision, Electronic Arts, and Take-Two Interactive, among others. According to the International Game Developers Association, California has the highest number of game developers in the US with over 500 companies and 19,000 employees. Moreover, according to the US Bureau of Labor Statistics, employment of software developers, including game developers, is projected to grow 22% from 2019 to 2029, much faster than the average for all occupations. Thus presence of large gaming studios and a large pool of talent in the region are some of the key drivers for North America in the game development services market.

Game Development Services Market is Highly Competitive

Game development services are increasingly being adopted in the gaming industry. Game development services include a wide range of services such as game prototyping, porting and re-mastering, co-development, live ops operations, game testing, game support services, and full-cycle game development. These services can cover end-to-end game development across different platforms including mobile, desktop, and consoles.

Game development service providers are actively expanding their portfolios with the growing gaming industry. The market is dominated by a few key global players having a significant market share and competitive numbers of small regional and local players. Some of the key players in the market are BR Softech, Chetu, Cubix, iCandy Interactive, Juego Studio, Kevuru Games, Keywords Studio, N-iX Game & VR Studio, Pingle Studio, and Virtuos.