FPS Game Market Size, Share, Growth, and Industry Analysis, By Type (home-use game console, PC and mobile), By Application (individuals and families user, competitive game and school education) and Regional Forecast to 2032

Updated On: 02 September 2024

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FPS GAME REPORT OVERVIEW

The global FPS Game Market size expanded rapidly in 2024 and the market is projected to grow substantially by 2030, exhibiting a prodigious CAGR during the forecast period.

FPS gaming forms one of the fastest-growing industries, characterized by strong competition and innovation. The gaming market involves a whole assortment of video games where the game is played from the first-person point of view, focusing on first-person shooting and fighting via characters. Fueled by technological innovations, as visible by improved graphics and engaging virtual reality experiences, the FPS genre continues to be exciting to audiences in different segments. The market growth is further supported by the growth of esports, integration of multiplayer features, and the rise of streaming platforms—driving player engagement and revenue alike. As game developers continue to raise the bar in terms of game design and interactivity, the FPS game market has held its position as one of the most energetic and revenue-maximizing subsegments of the gaming industry at large.

COVID-19 Impact: increased use of mobiles for entertainment purposes boosted market growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID-19 impacted global FPS game markets in a number of ways. The pandemic accelerated the adoption of gaming as a key form of entertainment since people were forced to stay at home, and as such, ended up falling back on the form of entertainment like never before, which led to increased demand and engagement in FPS games. A huge inflow of players translates to huge revenue from in-game purchases and subscriptions. More than that, it brought out the digital connectivity to a much more prominent light, since now there was a growing need for online multiplayer modes and esports, with players searching for social interaction and competitive experiences remotely. At the same time, the industry has suffered from blows in the form of delay of game development and disruption of supply chains for gaming hardware. Despite these challenges, the overall impact was positive, with the market expanding rapidly as gaming became a more central part of people's lives during the pandemic.

LATEST TRENDS

"Advanced technology has initiated integration of VR and AR enhancing the gaming experience"

The global first-person shooter (FPS) game market is experiencing dynamic growth, driven by advancements in technology and evolving consumer preferences. Some of the important trends include the introduction of battle royale modes and cross-platform plays, further enhancing player engagement and extending the gaming audience. VR and AR integration is also gaining momentum; according to industry experts, immersive experiences in both are pushing the boundaries of conventional gameplay. Competitive first-person shooter gaming has made great headway and received huge investment in esports—that is, one area in particular. However, the increasing popularity of streaming platforms and social media fuels further market growth by building communities and increasing engagement.

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FPS GAME MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into home use game console, PC and mobile.

• Home-use game console: This segment contains FPS games for consoles like PlayStation and Xbox. They offer a more professional gaming experience, which comes with special controllers.
• PC: Covers FPS games for personal computers with high demands for settings and ultimate graphics, which are more into the taste of competitive gamers
• Mobile: It involves FPS games available on smartphones and tablets. This category allows convenient and available gaming through touch controls.

By Application

Based on application the global market can be categorized into individuals and families user, competitive game and school education.

• Individuals and Families: Targets casual gamers and people looking for pure entertainment and multiplayer experiences across a wide age range.
• Competitive Game: Focuses on the FPS genre utilized for esports games or competitions, targeting high skill levels where strategies are involved during play.
• School Education: FPS games as a tool in the classroom to engage students with learning through interactive and game-based methods.

DRIVING FACTORS

"Technological advancements drive market force"

Next-generation technologies such as VR, AR, and AI greatly enhance the gaming experience. These provide for more immersive and interactive gameplays that would attract a wider audience to the game and retain existing gamers. Continuous improvement in graphics, processing power, and online connectivity also supports in the FPS game market growth.

"Rise of e-sports promotes market growth"

One of the strong drivers in the FPS game market has been the increasing popularity of esports. Competitive gaming events and tournaments have millions of viewers across the globe, thus creating a very lucrative market for game developers and publishers. Professionalization of gaming, sponsoring, and media rights to broadcast esports events all contribute to the financial growth and popularity of FPS games. The culture and the community of esports also make it very conducive to developing a loyal fan base and creating player engagement.

RESTRAINING FACTORS

"High developmental costs may hinder market growth"

One of the restraining factors of the FPS game market is the high cost of development. A good FPS game has to invest a lot in technological aspects, highly skilled developers, marketing, and infrastructure. These costs can be a bit too high, more so for smaller companies or startups. It is very dangerous to develop a game from a financial point of view, since no one can predict the commercial success of the game, and there is strong competition on the market. Moreover, updates in the game are constantly required for its relevance and enjoyment, hence increasing the cost, therefore it is hard to hold up to profitability.

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FPS GAME MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America dominates the market due to major gaming development companies in the region and large consumer base"

The North American region dominates the FPS game market share. This domination is fuelled by main game development companies and large and engaged player base; it is also fuelled by the large investments that have been made in the development of gaming technology and associated infrastructure. It has an established gaming culture, with a significant section of its population contributing to active gaming and esports. Besides, advanced technological capabilities and innovative approach to game development also contribute to the region continuing its leadership in the FPS game market.

KEY INDUSTRY PLAYERS

"With new strategies implementation key players continue to dominate global markets"

As such, the top participants involved in the FPS game market are naturally engaged in various strategic initiatives to help continue their leadership in the market and progress its growth. Key players are pumping huge investments into new title development and frequent updates for existing franchises to make them engaging and relevant to players. Substantial funding and investment in customer experience improvement platforms have also helped smaller companies innovate and remain competitive, thus making this market very dynamic and competitive. Further, technologies such as virtual reality and artificial intelligence are being utilized to a great extent in creating livelier and more personalized gaming experiences, thus attracting more audiences and helping in the retention of players. These practices ensure that leading companies are able to maintain their competitive edge and continue engaging gamers.

List of Market Players Profiled

• Earnest Capital (US)
• Decathlon Capital Partners (US)
• Flexible Capital Fund (US)
• Feenix Venture Partners (US)
• Flow Capital Corp (Canada)
• Fledge (US)
• GSD Capital, LLC (US)
• Founders Capital Partners (US)
• Kapitus (US)
• NGP (US)
• Lighter Capital (US)

INDUSTRIAL DEVELOPMENT

July 2024: Flow Capital Corporation announced a notable event in the FPS game market: extending a $5.4 million loan to GetTattle Inc.—a globally leading Customer Experience Improvement SaaS platform. This investment falls within the strategy of Flow Capital to support innovative tech companies and influence various technology sectors, including the gaming industry.

REPORT COVERAGE

The global FPS game market has experienced rapid growth and is projected to continue expanding significantly through 2030, driven by advancements in technology such as VR and AR, as well as the rise of esports and streaming platforms. The COVID-19 pandemic accelerated this growth by increasing demand for gaming as a primary entertainment source. The market is segmented into home-use game consoles, PCs, and mobile devices, with applications ranging from casual gaming to competitive esports and educational purposes. North America leads the market due to its major game development companies and large consumer base. Key industry players, including Earnest Capital and Flow Capital Corp, are investing in new titles and technological innovations to maintain their competitive edge.