The gamification market size is projected to grow from USD 9.1 billion in 2020 to USD 30.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 27.4% during the forecast period. The major factors driving the growth of the gamification market include rewards and recognition to employees over performance to boost employee engagement, provision of lucrative offers to the customers and consumers, and gamification yielding higher Return on Investment (RoI).
Key market players profiled in this report include Microsoft (US), SAP (Germany), BI WORLDWIDE (US), Verint (US) Aon (UK), Hoopla (US), Centrical (US), Mambo.IO (UK), MPS Interactive Systems (India), Influitive (Canada), LevelEleven (US), Ambition (US), Axonify Inc. (Canada), Gamifier (Latin America), IActionable (US), Khoros (US), Scrimmage (US), Xoxoday (India), Tango Card (US), and NIIT (US). These players have adopted various growth strategies, such as partnerships and new service launches, to expand their presence further in the gamification market and broaden their customer base.
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SAP offers its SAP cloud platform gamification, which helps in the rapid integration of gamification concepts into applications. This solution includes an online development and operations environment called gamification workbench to implement and analyze gamification concepts. The company’s gamification solution provides support for sophisticated ideas, covering time constraints, complex nested missions, and collaborative games. It also has a built-in analytics module that helps in advanced analysis of the players behavior for continuous improvement of game concepts. The company uses gamification in multiple applications, such as SAP Community Network, SAP TwoGo, SAP Fitness application, and other SAP applications. SAP is also known to be taking an interest in the gamification market as the company made multiple acquisitions over the past few years. It acquired CallidusCloud, a provider of cloud-based solutions for sales effectiveness, sales performance management, and sales execution software and services in April 2018. It further received Gigya, a provider of customer identity and access management platform, in September 2017. These acquisitions will help SAP to increase its offerings in the gamification market as the acquired companies were prominent players in the gamification market.
Microsoft provides a gamification solution through its Microsoft Dynamics 365. It enables employees to participate in individual and team-based competitions. These competitions help employees and motivate them to achieve their predefined KPIs. It offers prizes, rewards, privileges, and recognition. Microsoft’s gamification suite provides fun activities that drive collaboration and competition for increasing performance and participation. With the company’s gamification solution, employees compete in games with sports themes, draft teams, or cheer for their favorite teams. The resolution encourages broader participation by getting more employees in the game. The gamification software is offered on subscription-based pricing and it requires the installation of Microsoft Dynamics Customer Relationship Management (CRM) Online first. The solution is utilized by all kinds of organization sizes whether SMEs or large enterprises.
Gamification Market by Component (Solution and Services), Deployment (Cloud and On-premises), Organization Size (SMEs and Large Enterprises), Application, End-User (Enterprise-Driven and Consumer-Driven), Vertical, and Region - Global Forecast to 2025
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