MARKET
In a gaming landscape filled with varied experiences, Navis War emerges with an unmatched tier of excitement and quality. A report by NewZoo shows that the gaming market will grow each year by 6.3%, and based on Statista, in 2022 alone, Steam, a video game digital distribution service, released 12,300 games, and in 2023, Steam claimed to have released 14,531 games worldwide.
According to a report by Newzoo, the number of players worldwide in 2023 will grow to $3.38 billion based on a 6.3% yearly growth basis, and most of this growth will occur as a result of mobile game players.
The number of individuals who spend money to play games (payers) on PC, Console, or Cloud gaming will grow by 7.3%, leading the average number of global game payers to be 1.47 billion, and it will continue to grow by a compound annual growth rate (2021-2026) of 4.7%, increasing the average number of payers worldwide to 1.66 billion by the end of 2026.
As each younger generation grows, gaming engagement increases and the market grows. It is therefore also estimated that the global games market in 2026 will generate a yearly revenue of $205.7 billion with an average number of 2.79 billion players worldwide.
What’s more, the report shows that the Middle East and Africa are considered less mature, and this region alone will grow by 12.3% a year, while Latin America, also considered part of the less mature markets, will grow by 6.1%. This shows that the market is not only huge but also growing rapidly. The gaming market is hungry and ready for an interesting and exciting game like Navis War.
Navis War aims to compete in the global market on two grounds.
The Traditional gaming market
The Blockchain gaming market.
The Global Gaming Market The global gaming industry is evolving and growing rapidly as technology advances. This can be seen clearly in the rapid growth of the industry, as in 2022 alone, the revenue from the global gaming market was estimated at almost $347 billion and is estimated to hit $625.64 billion by 2028.
The Traditional Gaming Market According to Yahoo Finance and Technavio, the Traditional gaming market is estimated to grow to $75.2 billion at a compound annual growth rate (CAGR) of 14.55% within the years 2023 and 2028, and in 2024 alone, Statista claims it is expected to hit a projected revenue of $27.97 billion with an annual growth rate (CAGR) of 5.20%, 2024 - 2027 resulting in a projected market volume of $32.56 billion by 2027.
The Blockchain Gaming Market
Due to the increase in investments and funding in the blockchain gaming industry, the market is estimated to grow, according to an article by NASDAQ, from a size of $7.1 billion in 2022 to $772.7 billion in 2027, at a CAGR of around 60.4% between 2023 and 2032.
The continuous growth of the gaming market indicates a sustained and increasing demand for diverse gaming experiences. As the market expands, there is a growing player base hungry for innovative, engaging, and high-quality games. The competition is fierce, but with a well-crafted and innovative approach, Navis War can carve its niche, appealing to gamers seeking a distinctive and thrilling maritime journey.
Market Gap
In a gaming landscape filled with varied experiences, Navis War emerges with unmatched excitement, compelling gameplay, meaningful player engagement, and eye-catching graphics. The prior lack of these presents an opportunity for Navis War to provide a holistic and thrilling top-tier, Free-to-Play, Play-and-Earn tactical game.
Present games have fallen short in providing gamers with not only an immersive and rewarding experience but have also fallen short in:
Providing a low entrance level for new users of the crypto gaming system
Providing better interaction between gamers and the gaming ecosystem
Engaging the gamers sufficiently such that they are not only focused on the monetary reward.
Navis War aims to fill this lacuna by:
Building an attractive and scintillating game that cuts across different demographics.
Employing initiatives to encourage old users to invite prospective gamers.
Creating a friendly ecosystem that encourages interaction among gamers.
Creating healthy competition among gamers.
Developing high-quality, user-friendly, and interactive games.
Adopting mechanisms to increase Navis NFT in-game value.
Problems with Existing Blockchain Games
Blockchain games have done a great job in showcasing one of the numerous use cases of the blockchain and have helped in aiding transparency, but they also share one massive problem: poor gaming experience, which inadvertently leads to a decline in players' interest. Blockchain games can be so much more! And Navis War seeks to show that.
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