Gaming industry has always become a lucrative market since its very first introduction. The Wrap even foresees that gaming industry will top TV in revenue by 2020.
In the past, games were only playable on PC and consoles such as Nintendo, PlayStation, and Xbox. However, mobile games have emerged as one of the most rapid growing video gaming industries since the last decade, enabling games to be playable on smartphones.
The same goes for game enthusiasts, which consisted of mostly men in the past. Recent survey reported that currently 46% of game enthusiasts is women, whose preference is mostly time-filler mobile games.
The skyrocketing video game industry will most likely have 2.5 billion players all over the globe and reach USD 300 billion by 2025. Technology advancement, in addition, enormously assist the swift rise of the industry.
The fast-changing technology exposes gaming industry to various opportunities. For instance, the Cloud-powered gaming will most likely be the new trend in gaming industry, along with online mobile games.
Also Read: Amazon Joins Game Streaming Competition
Gaming Industry and Its Future Possibilities
The advancement of technology will most likely introduce gamers to a new era of gaming, especially next year. Google’s Stadia, Apple’s Arcade, and Microsoft’s XCloud are among the most awaited gaming services by many.
Despite the vast possibilities, many analysts are currently afraid that these types of services will kill PC and console game industries. Controversies revolve around whether gamers will abandon their consoles for they will be able to play every new game by streaming and having a fast, stable internet connection.
Some analysts predict that the same happening to movie industries might befall on gaming industries as well. Accordingly, the emergence of streaming services like Netflix have significantly decreased the number of people who watches movies at cinema.
Another possibility for the industry in the future is the emergence of more mobile games. While this section of the industry mass-produces a high amount of time-filler games, some are arguably in a low quality.
Many gamers also opine that many mobile games are simply overused cash-grabbers. While the foregoing is debatable, it does not change the fact that the current mobile games are the most controversial gaming industries so far.
Also Read: Meet Tencent, World’s Largest Gaming Company, and Many More
