According to the latest research study published by Intent Market Research titled, “Game Development Services Market”, is projected to reach USD 17 billion by 2030, at a CAGR of 20% during the forecast period of 2023 to 2030.

Game development services include a wide range of services such as game prototyping, porting and re-mastering, co-development, live ops operations, game testing, game support services and full-cycle game development. These services can cover end-to-end game development across different platforms including mobile, desktop, and consoles. Game development services are a crucial aspect of the gaming industry owing to the various benefits they offer, such as access to specialized skills or expertise, cost-effectiveness, and increased flexibility. The demand for game development services is being propelled by the growing gaming industry. The gaming industry is constantly evolving, and key companies in the game development services are continuously striving to strengthen their services to take the gaming experience to new heights.

By Service, Porting and Re-mastering is growing at a significant CAGR in the Game Development Services Market

In recent years, mobile gaming has emerged as one of the most popular platforms. The surge in the adoption of smartphones and 5G connections has led to a significant shift in demand for mobile game development. This has led to an increase in the trend for porting several popular game titles from PC and consoles to mobile. Several major game developers and publishers are increasingly opting for porting their game titles to the mobile platform with the help of game development services. Thus, porting and re-mastering is among the fastest-growing segments.

By Platform, Console is holding a significant market share in the Game Development Services Market

Console gaming is among the most popular gaming platforms owing to simple installation and easy-to-use designs. Consoles are also cheaper in comparison to PCs and do not require hardware upgrades. In addition, several games are designed exclusively for consoles of respective first-party developers including Sony and Nintendo which further drives the demand for consoles. Moreover, increasing product launches is driving market growth. For instance, in July 2021, Nintendo launched the Nintendo Switch OLED Model with upgraded specs to cater to the market demand. The surge in the VR and AR consoles has also led to a sudden shift in console gaming. Thus, the console segment holds a significant market share in the game development services market.

Key Insights That the Report Offers

• What will be the CAGR and size of the Global Game Development Services Market?
• What are the key services offered by the market players?
• Which are the five top players in the game development services market?
• Who are the major competitors and what is their strategy?
• How is the market influenced by global trends?
• What business opportunities and threats are faced by vendors in the market?