Innovations and opportunities in the game industry have gained momentum with the introduction of next-gen AR and VR technologies. Both these leading-edge 3D technologies are surpassing the conventional gaming experience of users to the next level. According to the latest report of Industry ARC, the global market of AR and VR gaming is forecasted to reach a market value of $11.0 billion by 2026. So, to establish your business presence in this segment, you must establish contact with a professional AR and VR game development company. In this blog post, we will break into the market size, trends, and the future of AR and VR gaming. However, let us first know:
What is Augmented Reality Gaming?
It primarily denotes games that tend to refine the gaming experience of players by allowing them to deeply engage with various virtual game characters, objects, and props to compete and earn rewards with their real-world surroundings.
Currently, the global market size of Augmented Reality (AR) gaming is $14.6 billion which will witness an impressive market value of $126.9 billion in 2030. (Source: Research And Markets)
If you are interested in joining this game industry, seeking help from a recognized game development company will be very useful.
Now!
Let us explore:
Some Major Types of Augmented Reality (AR) Games?
As the market of AR game development is filled with immense prospects, many startups and enterprises are exhibiting interest in growing their businesses in this segment. Therefore, to overcome the intense market competition, it will be useful to focus on key categories like:
Location-based Gaming
These games mainly utilize GPS to obtain the current location of every user and serve them with the scope to realistically interact and engage with various digital game characters, objects, and other items. These games allow players to compete and earn prizes within their original surroundings.
Puzzle Gaming
It is an ideal game genre that has an impressive global market value of $13.45 billion (Source: Statista).
In such games, you have the scope to impress gamers by serving them with assignments like solving riddles, spotting a hidden precious item, and so on within their real-world environment by integrating leading-edge AR technology.
Educational Gaming
By using Augmented Reality in these games, you have the scope to deliver an impactful game-based learning experience to your target audience comprising kids and teenagers. But to succeed in this segment, you must deploy the best game development solutions.
Presently, the global market value of this segment is $11.0 billion which is estimated to achieve an impressive growth figure of $29.7 billion by 2026 (Source: MarketsandMarkets).
Sports Gaming
The deployment of AR in sports games like cricket, football, basketball, soccer, etc. is gaining prominence with time as it allows players to obtain surplus enjoyment within their realistic surroundings quite naturally.
Social Gaming
These games provide immense scope of interaction among players on a real-time basis. Now with the integration of Augmented Reality, you have the option to let your players obtain a realistic feel of accomplishing multi-tasking activities within their natural world.
As of now, the global market size of social gaming is $27.16 billion which is forecasted to witness a robust revenue figure of $76.83 billion (Source: MMR)
What is Virtual Reality Gaming?
In Virtual Reality (VR) gaming, users are often detached from their real-world environments and are drawn to a simulated online background where they always obtain a realistic feel to play or engage with various gaming characters and objects to attain surplus amusement and enjoyment.
As of now, the worldwide market value of VR gaming is over $7.92 billion which will witness a massive growth of $53.44 billion in 2028 (Source: Fortune Business Insights).
However, developing a VR game requires vast experience and specialization in using leading-edge development platforms like Unity, Unreal, etc. Similarly, it is also difficult for an average person to come across a reliable VR gaming company. So, to help you out, we have provided a list of the top 10 VR game development companies.
It is time to discuss:
Some Prominent Types of VR Games
The arrival of Virtual Reality technology has massively elevated the traditional gaming experience of players to the next level. So to grow your business in this demanding game segment, you must focus on some leading game genres like:
Racing Games
The introduction of Virtual Reality technology has made the racing game genre more realistic and exciting than ever before.
You just have to equip your players with a VR headgear and motion controller when playing these games. It will allow them to obtain a realistic feel of participating in car racing events.
Action-Adventure Games
These games usually come with an engaging storyline comprising unique challenges at each level.
By utilizing the power of VR technology in these games, your gamers will derive an unforgettable and realistic experience of exploring scenic backgrounds to complete specific missions.
Horror Games
Horror games also have emerged as a demand genre in the market. You do have the scope to make these games more engaging and interesting with the proper utilization of VR technology.
In such games, VR will allow your players to be deeply engrossed in spine-chilling environments to hunt down blood-thirsty zombies and accomplish other tasks quite realistically.
First-Person Shooter (FPS) Games
At the moment, the global market size of this game segment is $105 billion which in 2030 is predicted to reach an impressive revenue figure of $140.72 billion. (Source: Verified Market Reports).
Hence to grow your presence in this game segment, you must deploy the immersive VR technology. It will allow your players to obtain a realistic feel of shooting down enemies and other targets in a simulated 3D environment.
What are the Key Benefits of Implementing AR & VR in Gaming?
Countless Gameplay Mechanisms
Conventional online games are often used to serve players with limited gameplay features. But with the arrival of AR/VR technologies, gamers now have the scope to explore unique mechanics or gameplay features to overcome challenging levels pretty conveniently.
But to deploy these cutting-edge technologies properly, seeking help from a reliable AR and VR game development company will be very useful.
Deeper End-User Engagement
The introduction of AR and VR technologies has enabled various enterprises to work on new game concepts, features, levels, and so on that will allow players to perform impressively within their digital and physical worlds. This has resulted in surplus user engagement and revenue generation for various establishments within a very short time.
Promote Immersive Experience
In traditional games, players never had the scope to interact with virtual characters, environments, etc. beyond the screens of their smartphones, laptops, and PCs. This tends to make them feel bored and dull with time.
The arrival of AR and VR technologies in gaming has widened the scope for players to naturally interact or engage with various game characters and objects throughout the year without experiencing boredom.
However, to deploy these technologies efficiently, you must look for top-rated AR and VR game development services.
Why Choose Red Apple Technologies for AR & VR Game Development?
At Red Apple Technologies, we always aim to transform your unique ideas into successful game applications of various types. As a prominent AR & VR game development company, our developers and coders are equipped with leading-edge skills to bring alive your dream game projects with the efficient utilization of Unity and Unreal game engines. Besides, they also flawlessly incorporate your changing requirements and feedback to deliver you the right outcome on time. Until now, they have smoothly executed over 1000 projects blending perfection and quality. To receive cutting-edge game development solutions with AR and VR technology, get in touch with our enterprising representatives to attain the desired result.
How has AR and VR changed the gaming industry?
Answer: The arrival of AR and VR technologies in the game industry has widened the prospects of entrepreneurs to attract and engage new-age gamers with the introduction of engaging storylines, new gameplay features, challenging levels, and other facilities.
Which Is Better for Game Development: AR or VR?
Answer: At the moment, the global market size of the cloud gaming industry is $5.76 billion which is expected to achieve an impressive growth of $84.97 billion in 2030. So, to shine in this demanding segment, you have to deploy leading-edge cloud gaming services.
How much does it cost to develop an AR & VR game?
Answer: The budget entirely depends on factors like project requirements, technology stack, development team size, work model, etc. Hence to receive the right estimates, consult a recognized AR & VR gaming company. It will also help you to attain customized AR and VR game development services.
