Game-based Learning Market

This research study on the game-based learning market involved extensive secondary sources, directories, IEEE Communication-Efficient: Algorithms and Systems, International Journal of Game-Based Learning (IJGBL), British Journal of Educational Technology (BJET), International Journal of Serious Games, and paid databases. Primary sources were mainly industry experts from the core and related industries, preferred game-based learning providers, third-party service providers, consulting service providers, end users, and other commercial enterprises. In-depth interviews were conducted with various primary respondents, including key industry participants and subject matter experts, to obtain and verify critical qualitative and quantitative information and assess the market’s prospects.

Secondary Research

In the secondary research process, various sources were referred to identify and collect information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from other secondary sources, such as journals, government websites, blogs, and vendors’ websites. Additionally, the game-based learning spending of various countries was extracted from the respective sources.

Primary Research

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and directors specializing in business development, marketing, and game-based learning providers. They also included key executives from game-based learning solution vendors, system integrators (SIs), professional service providers, industry associations, and other key opinion leaders.

Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Tier 1 companies’ revenues are more than USD 10 billion; tier 2 companies’ revenues range between USD 1 and 10 billion; and tier 3 companies’ revenues range between USD 500 million and USD 1 billion.
Source: Industry Experts

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Market Size Estimation

Multiple approaches were adopted to estimate and forecast the game-based learning market. The first approach involved estimating the market size by companies’ revenue generated by selling game-based learning products.

Market Size Estimation Methodology- Top-down approach

In the top-down approach, an exhaustive list of all the vendors offering products in the game-based learning market was prepared. The revenue contribution of the market vendors was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor’s offerings were evaluated based on software, services, deployment mode, game type, integration type, application, and region. The markets were triangulated through primary and secondary research. The primary procedure included extensive interviews for key insights from industry leaders, such as CIOs, CEOs, VPs, directors, and marketing executives. The market numbers were further triangulated with the existing MarketsandMarkets’ repository for validation.

Market Size Estimation Methodology-Bottom-up approach

In the bottom-up approach, the adoption rate of game-based learning products among various verticals in key countries relative to the regions that contribute most to market share was identified. For cross-validation, the adoption of game-based learning products among enterprises, along with different use cases concerning their regions, was identified and extrapolated. Use cases identified in different regions were given weightage for the market size calculation.

Based on the market numbers, the regional split was determined by primary and secondary sources. The procedure included an analysis of the game-based learning market’s regional penetration. Based on secondary research, the regional spending on Information and Communications Technology (ICT), socio-economic analysis of each country, strategic vendor analysis of major game-based learning providers, and organic and inorganic business development activities of regional and global players were estimated.

Game-based Learning Market : Top-Down and Bottom-Up Approach

Data Triangulation

After determining the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. Data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.