Even after the COVID-19 outbreak in 2020, the global gaming market is expected to lead the growth by mobile, PC, and console platforms excluding arcade games.
In case of market share by platform, mobile games are expected to expand significantly based on high growth rates, accounting for 44.5% of the total gaming market in 2022. Console games are also expected to increase slightly in market share in 2022, driven by COVID-19 and the release of new hardware. PC games continue to rise, but their share is expected to decline slightly as the growth rate declines relatively. Meanwhile, the market share of arcade games is expected to drop significantly from 18.1% in 2019 to 13.8% in 2022. The gap in market share between mobile games and other platforms is expected to widen in the future. (Source: Game Whitepaper 2020)
Horse Racing Market
With hundreds of millions of spectators worldwide, the horse racing industry has maintained its popularity for a long time. Horse racing, which has become a multi-billion-dollar market, is expected to grow steadily going forward.
Horse racing is one of the most widely attended spectator sports in the United States and the second-most popular sport in the United Kingdom after football. Around 6 million people attend the races each year in the UK alone.
Furthermore, horse racing is so popular in France, Australia, the USA, Canada, Hong Kong and Malaysia, while in Japan, fans line up all night for the races. Horse racing is one of the most popular sports enjoyed by hundreds of millions of people every year.
The global horse racing market size was valued at $300 billion in 2019 and is expected to grow continuously over the next decade. Many sports experts have been keeping an eye on the horse racing and betting market, and the horse racing market is growing at a CAGR of 9% so far. It is also expected to grow by $139.52 billion during 2020-2024.
The game industry is booming and is expected to grow exponentially over the next decade. The boundaries between gaming as leisure and profit-making activity have already become blurred. Therefore, a niche market for games with P2E capabilities will be newly created.
Horse racing is expected to overtake soccer, which is the most popular spectator sport for decades, and become the sports market leader. There is also a great possibility of digitalization of the stagnant horse racing market.
Cryptocurrency offers an attractive solution for many of the problems and inconveniences faced by the traditional game industry. It will solve various problems and inconveniences by applying the advantages of transparent and verifiable results, verified users, and cheaper cryptocurrency to existing games.
In addition, leveraging the latest types of digital assets, which is a hot topic around the world, will bring great interest to the blockchain community. NFTs are still new, but there is a huge demand for doing profitable things with NFTs.
NFT GRANDERBY is a combination of game and horse racing, a hugely growing multi-billion-dollar market, integrated with blockchain and NFT technologies.