Global Gamification Market 2019-2023| 30% CAGR Projection Over the Next Five Years | Technavio

The global gamification market 2019-2023 is expected to post a CAGR of more than 30% during the forecast period, according to the latest market research report by Technavio.

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Technavio has published a new market research report on the global gamification market during 2019-2023 (Graphic: Business Wire)

The popularity of e-learning has increased significantly over the last few years, as it eliminates the need for physical classrooms. Gamification solutions in e-learning evoke game-like reactions and increase learner engagement. The integration of gamification in e-learning improves engagement, offers valuable feedback, enhances the learning experience, and provides a better learning environment. Thus, the adoption of gamification in e-learning is expected to increase, which will fuel the market growth during the forecast period.

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As per Technavio, the integration of advanced technologies in gamification solutions will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Gamification Market: Integration of Advanced Technologies in Gamification Solutions

The market is witnessing the integration of various advanced technologies, such as artificial intelligence (AI), into gamification software to provide real-time tracking of data and to improve the operational efficiency of an organization. Gamification apps that are integrated with AI technology are used to understand employee workflows, collect and use data about individual employees, and gather feedback via chatbots. Thus, the integration of such advanced technologies will be one of the key gamification market trends during the forecast period.

“Apart from the integration of advanced technologies in gamification solutions, other factors such as the increasing use of AR and VR in educational gamification solutions will have a significant impact on the growth of the gamification market value during the forecast period,” says a senior analyst at Technavio.

Global Gamification Market: Segmentation Analysis

This market research report segments the global gamification market by application (consumer-driven application, and enterprise-driven application), end-user (healthcare, entertainment, education, retail, consumer goods, media, and others), and geographic regions (North America, Europe, APAC, South America, and MEA).

The North American region led the gamification market in 2018, followed by Europe, APAC, South America, and MEA, respectively. The growth of the gamification market share in North America can be attributed to factors such as the presence of major vendors, high penetration of Internet and smartphones, and the presence of a well-developed communication network infrastructure in the region.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20190813005394/en/