The future of the gaming industry looks bright and shows no signs of abating. The revenue of this industry is expected to reach 365.60 billion US dollars in the following year. Moreover, the number of players is expected to reach 3.32 billion gamers within the next five years, given that the number of gamers worldwide was 3.03 billion only. This growth is driven by three main factors which are growing consumer demand, technology advancements, and modern models that allow players to generate income through games such as Casino Tunisia or كازينو تونس that allows players to get prizes up to 2 million dollars!
Many analytics platforms expect the global gaming industry to grow by 50% over the next five years. Moreover, the metaverse will present the gaming industry with many opportunities for growth and development during the coming period.
These developments mean that games will take longer than other forms of media and thus attract advertisers and become a larger part of our daily lives.
Analysts also expect gaming to become a routine part of our daily lives, especially with the growth of the gaming industry. For example, today, there are plenty of games that reward users with cryptocurrency for exercising, walking, or even driving electric cars or building a presence in virtual worlds!
If one thing is for sure, it is that no single gaming model is going to dominate the industry. From immersive, high-definition games like Horizon Forbidden West to simple games like Stardew Valley, all fields have an equal chance of success. Furthermore, the prevalence of smartphones means that developers will work hard to provide games that are compatible with smart devices and can offer the same level of fun on smaller screens.
How Are Game Publishers Trying to Revolutionize the Game Industry?
The gaming industry tends to be a part of users’ lives rather than trying to impress them with crisp-clear graphics and fun features. Moreover, developers are seeking to win the interaction of players across multiple platforms so they may release mini-downloadable versions of their games on smartphones and tablets.
There are also huge opportunities awaiting live streaming services, non-fungible tokens, and digital marketing. In the next section, we will cover the five trends that are likely to change the virtual gaming industry.
Live Streaming
One of the most prominent trends in the modern gaming industry is live streaming.
This feature is especially useful because it promotes games, popularizes players, and also helps famous gamers socialize with their viewers and get additional income (other than the earning opportunities that some games also offer). This means that a professional player can get income from two sources while doing one thing!
On the other hand, novice players enjoy watching the live stream of the games because they get the strategies and plans for free.
In short, Twitch has changed the way games are designed and marketed. For example, games are designed so that they can be played back at any time and from anywhere.
Subscriptions, sending rewards, and tipping to streaming service providers are some of the most innovative solutions that have been created to support this new aspect of the gaming industry. However, the industry must continue to provide more monetary support to streaming service providers to encourage them to continue and increase the popularity of the industry as a whole.
Subscription Forms
One of the most prominent emerging standards in the gaming industry is subscription models.
In the past, game developers relied on selling consoles or selling games, but Apple Arcade and Xbox Game Pass services changed that by making monthly and yearly subscriptions available for games.
Over the past years, these platforms have succeeded in playing the role of coordinator and financing platform as well by creating a new model for the gaming industry, instead of trading games between companies and consumers directly.
It is very difficult to say whether this feature is positive or negative at the moment. Although subscriptions are very beneficial for companies, they may not be so for the gamer community, especially players in poor countries like India and Southeast Asia. In fact, cost remains one of the biggest hurdles facing the gaming industry today so games that don’t require expensive hardware or high subscriptions are quickly gaining popularity among users.
The New Platforms
Over the past decade, game companies have introduced new ways to use games. In addition to that, there are also a lot of new platforms that are changing the gaming ecosystem such as Epic Games Store, VR, and Google Stadia.
For example, in 2016 new games on Steam were up 40%, and after that, they were up 53% the following year. However, the downside of gaming platforms is that they play the role of the sergeant in an era in which censorship has become a thing of the past. So, if there is one aspect of the gaming industry that is going to be revolutionized, it is definitely gaming platforms. On the other hand, these platforms are not within reach of every developer even if they do not have enough budget.
About the Author
This article is written by Daniel Klink. Mr.Klink has been the Director of Online Marketing at ArabCasinoHex since 2019. He is interested in Gaming, iGaming, and sports. Through his website, he provides his followers with comprehensive guides about games, reviews of the best websites, and accurate tips for players to get the best possible gaming experience. You can find more info about the author by clicking a link.