What is trending in the gaming industry?
Six video game trends transforming the industry include cloud gaming and streaming, digital distribution, business models such as free to play, increased diversity and audience, mobile gaming, and next-generation consoles.
Is the gaming industry growing or declining?
The sector expanded 26% from 2019 to 2021, reaching a record $191 billion in size. Sales of video games have consistently grown since at least 2015, Ampere data shows. Gaming got a huge boost from Covid-19 shutdowns in 2020 as people spent more of their time indoors.
How is the gaming industry changing?
Perhaps the most interesting change in the video game industry is the expanding demographics of gamers. With more people playing games, creating demand for more immersive entertainment, and looking for easier ways to access games, the future of the video game industry looks bright.
What is the current market trend of gaming computer?
The global gaming computer market size was valued at $40.13 billion in 2020, and is projected to reach $145.93 billion by 2030, registering a CAGR of 15.3% from 2021 to 2030.
What is the growth rate of gaming industry?
The total number of online gamers grew 8% from 360 million in 2020 to 390 million in 2021. The number of gamers is expected to cross 450 million by 2023, showed data from a report by EY and FICCI. NSE -4.62 % Ltd.
How fast is the gaming industry growing?
The video-game industry could be one of the greatest beneficiaries of the pandemic, growing 23% in 2020 from the year prior. Though growth probably won’t be as explosive in future years, research firm Newzoo still predicts that revenue will reach $219 billion by 2024.
How has the gaming industry changed?
Perhaps the most interesting change in the video game industry is the expanding demographics of gamers. With more people playing games, creating demand for more immersive entertainment, and looking for easier ways to access games, the future of the video game industry looks bright. Statista.
How has the gaming industry changed over the years?
Why is gaming becoming more popular?
GAMING BECOMES MORE POPULAR DURING THE PANDEMIC During the last year and a half with the COVID-19 pandemic, people have had more time on their hands at home, and with a lack of mobility, gaming quickly became one of the most popular activities.
How is the gaming industry evolving?
In 2020, the gaming industry generated $155 billion in revenue, By 2025, analysts predict the industry will generate more than $260 billion in revenue. 1 As such, tech companies are looking to get involved in this revenue stream.
How has the gaming industry evolved into an ecosystem?
The gaming industry has evolved into an ecosystem after the spread of the internet and mobile. More people are playing more games than ever as newer trends have given rise to a whole new generation of ‘cyber-athletes’ and E-sports. The reboot of the popular PC game Call of Duty Modern Warfare raked $600mn within just 3 days of its release.
What is the future of the gaming industry in 2021?
From the indie game studios growing hyper-active to the large game studios slowing down their game release, 2021 has been quite a year for the video game industry. The gaming industry is all set to catapult into 2022 with new developments and advancing technologies. GoNewsIndia expects that the video game industry will reach $196 billion by 2022.
What will define the gaming ecosystem in 2022?
Another trend that will define the gaming ecosystem in 2022 is Cross-platform gaming. Developing games that can be played using multiple systems and consoles has had its share of road bumps in the past. Soaring costs and lack of technology were the primary reasons games could not be played across platforms.
What are the biggest video game trends of 2020?
Sensor Tower’s Industry Trend report states hyper-casual video games dominated the 2020 video game landscape. Hyper-casual games are easy to play in nature, allowing people to have fun and relax without magnifying their intelligence corner of the brain.