Authored By: Sarah
23 Aug 2024

AI in Games Market Size to grow by USD 4501.72 million between 2024-2028

The AI in Games Market is segmented by Type (AI enabled platforms and AI enabled games), Technology (Machine learning, Natural language processing, Computer vision, and Robotics), and Geography (North America, APAC, Europe, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 4501.72 million, at a CAGR of 24.65% during the forecast period. There are several companies that are contributing to the market as per this report. Increasing emergence of cloud gaming .

By Type, the AI enabled platforms segment is projected to dominate the market size in 2024

An advanced AI platform is a collection of integrated tools that facilitates the development, testing, deployment, and upkeep of deep learning and machine learning models. AI technology employs diverse tools and methodologies to enable machines to execute complex tasks, such as data analysis, forecasting, and decision-making, more efficiently and precisely than humans. In the gaming industry, AI-driven platforms are revolutionizing game production by enabling developers to create intricate games, environments, characters, and narratives more rapidly. Additionally, AI's ability to analyze player behavior and data provides valuable insights into player tendencies and preferences, resulting in more personalized and engaging gaming experiences. Leading businesses, including Microsoft and Alphabet AI, are at the vanguard of this transformation, offering powerful AI-driven platforms and tools that are redefining the game production landscape.

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Why is North America forecasted to hold the largest regional market size in 2024?

The North American AI in games market is projected to expand significantly during the forecast period, fueled by the surging demand for AI-driven games. The burgeoning popularity of esports in the region, with major tournaments such as the International DOTA 2 championship, has led to an influx of professional gamers in countries like the US. In response, game developers and publishers are investing heavily in multiplayer games to cater to this growing market segment. The integration of AI technology in esports titles is a key trend driving engagement and fan base expansion, thereby propelling the regional market's growth.

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Research Analysis Overview

The AI in games market is experiencing rapid growth as developers integrate advanced technologies like image upscaling, machine learning, and deep learning into 3D games. CPUs and GPUs are being pushed to their limits as ML models and neural networks are used for prediction and data analysis. AI-enabled platforms like Euphoria (middleware system) in Red Dead Redemption 2 and Battlefield V are revolutionizing character behavior and physics. Ray tracing, a type of AI technology, enhances lighting and reflections in games, while network latency is being reduced through AI algorithms. AI-generated content is becoming increasingly common, with Cyberpunk 2077 using neural networks to create unique NPC behaviors. Sensors in devices like Microsoft HoloLens 2 are enabling the creation of 3D representations in augmented reality (AR) and virtual reality (VR) games. AI technologies are transforming the gaming industry, providing more immersive and realistic experiences for players.

Market Research Overview

According to Technavio's market research, the global AI in games market is a segment of the larger global application software market, which falls under the umbrella of the IT software industry. This market encompasses organizations involved in the development and production of software applications, excluding those in the interactive home entertainment sub-industry and those specializing in systems or database management software. The global IT software market, in turn, represents businesses engaged in creating and distributing software, including application and system software. This comprehensive market covers both enterprise and technical software, as well as cloud-based solutions. - The AI in Games Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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