Global Online Adventure Games Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Online Adventure Games Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global market for online adventure games is being driven by the trend of obtaining virtual experiences through gaming. The Users' characters will develop and pick up new skills as they face difficulties in the adventure game genre, allowing players to experience their own heroes' journey. Experienced gamers frequently rate the best adventure games among their favorite genres, demonstrating that the appeal of their timeless gameplay never seems to diminish. Between 2022 and 2027, the Global Online Adventure Games Market is anticipated to expand at a CAGR of 12.3%.

Key Highlights

• Emerging technologies like VR and AR are developed and designed to increase the experience standard of users which is driving the Online Adventure Games Market. In the market to keep pace with the changing demand of the users, technology is also advancing. The regular update of the games can also be possible through this technological modification, which creates continuity in the business for the games in the market. Following the launch of the Xbox Game Pass subscription, Xbox games have also been more widely available on other platforms, such as iOS, Android, and web browsers For example, A brand-new interactive crime drama adventure game is called Dusk Falls. The Xbox One & Series X, it is created by Interior Night and released by Xbox Game Studios. Although updated, the game is comparable to Telltale Games and visual novel games. It mainly focuses on the gameplay, which incorporates player decisions and branching storylines with repercussions.
• The increasing penetration rate of the Internet across the globe is driving the Global Online Adventure Games Market. Most of the regions across the globe are transitioning toward a 5G network because of which with better network speed, high-end games are functioning at their ultimate level. For example, 5G allows users to enjoy games on the cloud without sacrificing their gaming experience while previously users had to download the games to play them. This will enable consumers to free up space on their computers, consoles, and mobile devices. Another major headache for gamers is downloading video game updates, which are typically much larger (1 GB) than the standard 5-10 MB updates and take considerably longer. With 5G, downloads will be much faster.
• The number of smartphones and Computers is rising which is further enhancing the market growth. Smartphones with good quality RAM support make online games run smoother and users are gaining the best experience out of that. For example, Mid-segment cell phones with taping rates of over 1 Gbps and a latency of 10 ms were connected to a 3500 MHz high-capacity spectrum band. Therefore, both gamers and companies have agreed that 5G technology would affect the effectiveness and enjoyment of online adventure games.
• The online game users need to give credentials for playing games and they must give certain access to the application for smooth functioning. Because of this, the security and privacy of the customers are at risk, which is limiting the Global Online Adventure Games Market. For example, A hacker shared various internal documents online that were allegedly taken from a Roblox employee by cybercriminals using social engineering techniques, according to the business. The attacker published a 4GB library of documents and several photos in a Roblox forum post. Roblox is a platform that lets players play games made by other users, develop their own worlds or games, and utilize microtransactions to monetize them.
• As user participation and spending increased throughout the COVID-19 pandemic, gaming swiftly became one of the most popular pastimes during the initial outbreak. Particularly younger generations, Gen Z and Millennials, spent more time playing online games because it was an easy way to pass the time amid initial lockdowns, stay-at-home orders, and social isolation. Because of this, the Pandemic has had a positive impact on the overall Online gaming as well as the Global Online Adventure Games Market.

Key Market TrendsIncreasing Internet Penetration Rate, 5G Roll Out, and Technologically advanced electronic devices are driving the market

• 5G is certainly the most enduring technology of this decade. The future appears to connect online games and cell phones with their signal strength being faster and more stable than ever. This cutting-edge technology will likely be made available on mobile devices, giving gamers a lag-free experience. For example, At SXSW, Verizon and Doug Liman's 30 Ninjas revealed that they are collaborating on an augmented reality (AR) adventure thriller that will fully utilize the capabilities of the 5G Ultra-Wideband for an incredibly immersive experience. Novelab, a France-based immersive studio, will also be involved.
• In addition, A narrative mobile AR adventure called Helios which is Greek for Sun is the outcome of this partnership. It leverages volumetric video, a fancy term for contemporary 3D holograms, to offer consumers a fresh take on mobile entertainment. As users play, a suspenseful story of a lost sister, a cover-up, a hacktivist who mistook one bad guy for another, and a young woman named Petra Barnes develops. To learn more and solve the mystery, users must piece together the story's clues.
• Players from all over the world are in for a challenging online gaming experience. Additionally, gamers from all over the world will be able to compete with one another through the utilization of the metaverse if they are all a part of the same virtual environment. By implementing this technology, the gaming sector hopes to fully realize its potential. Gamers will be able to design their own virtual spaces that replicate the actual world thanks to the metaverse reality.
• Technology giants across the globe are integrating with online game portals with respect to the growing demand of the customers. For example, Apple has released a list of the brand-new games that will be added to Apple Arcade, its premium online gaming service. Games like Warped Kart Racers, Badland Party, Goat Simulator+, and more will be released in the future, the business has started. Adventure game Badland Party will succeed the critically acclaimed Badland and Badland 2 and receive an Apple Design Award. The game uses the same side-scrolling adventure gameplay, but it also features upgraded graphics and 3D gameplay-based physics. This shows the growth potential of the Online Adventure Games Market.
• High-tech technology for the game is in trend and driving the Global Online Adventure Game Market by giving more real-time experiences to the users. For example, with its hyper-accurate hardware simulation of the Game Boy Advance, SkyEmu, a new GBA emulator, claims to be able to run games that other programs cannot. SkyEmu has released version 1.0 and is accessible on GitHub. Along with some great features like save states with screenshot previews and rewind capability, it claims a "very accurate" emulation of Game Boy Advance hardware. It is even available as a web app and can be used on computers running Windows, Mac, and Linux. It can be used on a desktop browser or a mobile device.

Asia-Pacific Region is Witnessing the Highest Growth Rate

• The region consists of rising economies such as India and China. The technological advancement in Japan and South Korea is also fuelling the market growth in the region. The rising usage of smartphones, cheaper internet, and the current trend of virtual games are driving the Online Adventure Games Market in the Region. China has a rich history, and at present, gaming companies are developing adventure game apps to tap the market in the country based on history.
• For example, The Three Kingdoms period in Chinese history lasted from 220 to 280 AD. Seasoned gamers are probably most familiar with it because of the Dynasty Warriors series from Koei Tecmo. Most of the time span is covered by River City Saga, which covers the events from the Yellow Turban Rebellion through the Battle of the Red Cliffs in six volumes. There are 24 characters that may be unlocked and played.
• In addition to a Bonus Mode named "China Heroes" that enables a 4-player local and online co-op, the game has a Story Mode with 2-player local and online co-op. Both game modes employ somewhat unique gameplay, with Bonus being purely an arcade-style adventure and Story incorporating action RPG features like leveling up through XP.
• Smartphone sales are skyrocketing in India and China which can drive the Global Online Adventure Games Market in the region. The rising technology adoption in the region such as VR and AI in gaming is also helping the market growth. For example, the experience that players get when playing video games has undoubtedly been enhanced with the introduction of artificial technologies. This is since there is a greater level of interaction and competition between human gamers and NPCs. This AI-driven non-human persona provides a more equitable competition and invites vitality and innovation into the mix. However, actual competition between people cannot ever reduce interest in online gaming.
• The network providers in various regions with the help of their own 5G networks are also emerging in developing their games product line, which includes Online Adventure Games also. For example, the third-largest telecom provider in India has partnered with Nazara to launch its gaming service, Vi Games, to monetize its mobile subscriber base. Vi consumers will have access to a variety of gaming material, including well-known game titles from numerous brands in India, on its gaming platform thanks to this deeply integrated connection.
• Japan is a modern and developed country in the region. Many Japanese companies in this market have been planning to expand their business at a global level by maintaining the global standard. Because of this, the market for Online Adventure Game Market is growing in the country and it indirectly drives the market at the regional level. For example, Nexon Co Ltd, one of the biggest online role-playing game developers from Japan is preparing for worldwide growth and has its sights set on the West. Their most well-known video game has garnered up to a billion registered users. The acquisition of Stockholm-based Embark Studios, whose founder oversaw the creation of the successful "Battlefield" franchise, was finalized in 2021 by the company.

Competitive Landscape

The Global Online Adventure Games Market is highly fragmented and extremely competitive because many players are coming up aggressively with good products. In addition to that, all the companies are developing newer versions regularly to match the customers’ demand, which is making the market fiercer. Companies are investing heavily in research and development to have a competitive advantage to gain market share.

• July 2022: Three new slot games for mobile and the web have been added, Inspired Entertainment, Inc. is pleased to announce. The three launch games are Fruit Mix, Animal Antics, and Totem Thunder, and they each offer a variety of adventure games and gameplay genres.
• July 2022: A payment platform called Nuvei Corporation stated that it is expanding its collaboration with online gaming company Eyas Gaming to offer the operator a complete payment solution across all its iGaming brands. Players at Eyas Gaming can now bill deposits directly to their mobile devices thanks to a partnership between Nuvei and UK-based direct carrier billing service provider Fonix.
• July 2022: PopOK Gaming offers new, entertaining ideas that are destined to find a perfect home in the iGaming industry. Five intriguing instant games have been added to its entire library of games, and they are all poised to provide the sector a chic new edge. With games like Flaming Fruit, Era of Dragons, Plinko, Magic Idol, and Gogo Banana, players have more options and partners have access to additional revenue streams. These visually appealing games with straightforward instructions will soon provide an unforgettable adventure and boost profits.

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• The market estimate (ME) sheet in Excel format
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