The global gaming market is expected to rise by 10% to $90.1 billion by 2023 fueled by the integration of blockchain, according to a report by Technavio. 

Blockchain is enabling the ability for players to trade in-game virtual assets like virtual currencies and virtual goods, like in-game coins, swords, houses and other products. 

"Apart from the integration of blockchain technology, the increasing emergence of cloud gaming, rise in strategic partnerships and acquisitions, and the growing adoption of AR and VR games are some other major factors that are expected to boost the market growth during the forecast period," a Technavio spokesperson said in the report. 

The Asia-Pacific region led the market in 2018, however, the North American market is expected to record the highest amount of incremental growth due to the presence of major industry vendors in the region, according to Technavio. 

Cover image courtesy of Technavio.