MMORPG Gaming Market Size

MMORPG Market Analysis

The MMORPG Gaming Market size is estimated at USD 25.34 billion in 2024, and is expected to reach USD 42.22 billion by 2029, growing at a CAGR of 10.75% during the forecast period (2024-2029).

The MMORPG market will likely benefit from technological advancements, including improved graphics, more powerful hardware, and faster internet speeds. These advancements can enhance the gaming experience, increasing player engagement and retention.

• MMORPGs offer a unique social experience, allowing players to interact and collaborate with others in a virtual world. In an increasingly connected world, MMORPGs provide a platform for individuals to connect with like-minded players, form friendships, and build communities. The sense of belonging and social interaction offered by MMORPGs appeals to many players, especially those seeking social connections and a sense of community.
• MMORPGs often feature extensive progression systems, where players can level up their characters, acquire powerful gear, and unlock new abilities. This long-term progression and associated sense of achievement can be advantageous for players. The journey of character development, the pursuit of rare items, and overcoming challenging obstacles provide a sense of satisfaction and accomplishment.
• As internet connectivity becomes more widespread and accessible worldwide, more people have the means to connect and engage in online gaming experiences. The growth of internet penetration, particularly in emerging markets, expands the potential player base for MMORPGs. For instance, according to the DataReportal, Ireland, Norway, Saudi Arabia, and the United Arab Emirates currently hold the top four spots in the list of nations with the highest internet penetration rates, each recording 99 percent as of January 2023. As of July 2022, 64.4 percent of people worldwide were using the Internet.
• The rise of eSports and competitive gaming has increased the popularity of MMORPGs. MMORPGs incorporating competitive elements, such as player-versus-player battles and guild wars, attract players who enjoy competitive gaming and spectating eSports events. The growth of eSports has further fueled the demand for MMORPGs.
• MMORPGs rely heavily on player retention and engagement to sustain their player base and generate revenue. However, keeping players engaged in MMORPGs over the long term can be challenging due to factors like burnout, competing game releases, and changing player preferences. If players become disengaged or move on to other games, it can impact the growth of MMORPGs.
• With the outbreak of COVID-19, the market witnessed positive growth with the increasing popularity of online multiplayer games, as people stayed at home for the maximum time due to lockdowns being imposed by various governments and keeping safe from being affected. The mobile platform is witnessing a significant increase in consumer engagement with mobile-based gaming, especially in mobile-first markets, such as Asia, the Middle East, and Latin America. According to Verizon, the usage of gaming apps rose 75% week-over-week during April 2020 and is expected to increase further.