Impact of Technology on the Gaming Industry

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As we watched several economies globally shut down in 2020 as a direct result of the COVID-19 pandemic, one of the only sectors that experienced growth was the online gaming industry. Let’s look at the biggest gaming industry trends and how these trends change the world of gamers? 


There will be 3.1 billion gamers around the world in 2020. By 2024, it is estimated that there will be an additional 500 million. Revenues in 2021 might exceed $175 billion—more than the combined revenue of film, music, and books.


It's a unique strength of the games industry because of how its creators use new technology to make their games better. Advances in pricing and emerging markets, as well as backend computing and delivery, predict that it will continue to grow in the future, with artificial intelligence and planet-scale networks.


Impact of Technology on the Gaming Industry


The gaming industry has been impacted by technological advancements in a variety of ways, including:


Game availability


Gamers can now access a larger variety of games from around the world thanks to higher internet connections and improved streaming services. This has resulted in an increase in the number of people playing various forms of games.


Expanded competition


The gaming industry has grown to be a multibillion-dollar sector, and with such a large sum at risk, firms are vying for a piece of the action. As a result, the quality of games released has increased, as has the development of new technology.


Behavioral changes


As gamers age, they frequently desire more demanding games with a higher degree of interest. This has resulted in an increase in the popularity of online multiplayer games and cooperative games.

Changes in-game marketing


Companies can now market their games directly to players thanks to the rise of social media and streaming services. As a result, influencers and marketing initiatives targeting specific demographics have grown in popularity.


Changes in the game development process


With new technologies being created on a constant basis, game creators may produce more realistic-looking and feeling games. As a result, the popularity of first-person shooters and action games has increased.


Future of Gaming Industry


The future of gaming looks bright, and with new technologies being produced all the time, we can expect to see some incredible things in the next years. Therefore, if you're a gamer, keep an eye out for the latest developments—going it's to be an exciting trip!


Are you looking for someone who can transform your idea into a visually spectacular game? Contact us today and receive a FREE QUOTE.

 

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