Framing the Breakthroughs of Gaming Industry

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Video games have been around for decades providing entertainment for children and adults alike. They have evolved significantly from the early days of computer games and the first versions of Nintendo and Atari. The days of pixelated screens and limited sounds are a distant memory as video games have become more lifelike than ever. As technology continues to improve, so do video games.

Along with this, video game creation has become an emerging complex. The cost of creating a game to run on one of the major consoles has developed with this greater complexity. It was once unthinkable to sink almost millions into development costs but games today could cost nearly tens and even hundreds of millions. This has pushed game development into Hollywood movie territory in terms of production and marketing costs. The video game sector is immensely large. In fact, it is larger than the movie and music industry combined, and it is only nourishing. Though it doesn’t get the same attention that the movie and music industry get, there are over two billion gamers across the world. That is around 26% of the world’s population. It’s no surprise that categories want a piece of the pie. Experts anticipated that by 2022, the gaming industry might generate roughly $196 billion in revenue. As such, tech divisions are looking to get involved in this revenue stream. Tech giants such as Google and Apple have all made plays to enter the video game industry.

On top of this, according to these other realms, one out of every two American males between 18 and 34 visits their properties every month, which is a pretty powerful statistic and a data that a lot of traditional media industries could be envious of. (1) It has always been about innovation in the video game industry. New technology, controls, and experiences are on the way. Are you an avid fan of video games? If so, you could be in the perfect place!

Unlike most other entertainment platforms, video games could connect people of all backgrounds and beliefs. When people engage in play of any kind, they are asked to take on a perspective that might be unfamiliar to them. Video games now provide the platform for this authentic, collaborative play that broadens perspectives and builds new communities by connecting people who might otherwise have never met. Today, the average gamer has been playing for about 14 years. They have developed with the industry and evolved alongside it. Just as video games have become richer, fuller and more well-rounded, the communities are also becoming more inclusive and accessible.

Games possess more than just the power to connect us emotionally. Currently, an estimated 63% of adult players play with others, often in squads that get together both online or in person. Brought together by servers and matchmaking algorithms, these strangers quickly learn how to work together to achieve a common goal. This one mechanic has led to an explosion in the popularity of esports, creating new social elements and potentials to participate in video game culture. Players in teams of all genders, ages, nationalities and abilities come together to compete for a shared victory, helping engender empathy and compassion for their teammates, while fostering communication skills and connections. On the other hand, esports also builds a community of fans who gather online to watch and discuss tournaments or those who attend in person, often traveling long distances to sit in the stands with strangers, bonding over their shared fandom for teams or players.

Diving into extensive apprehension, these other groups joined the ‘Comscore 100’ ranking of top 100 internet properties in the United States , one of only two gaming properties to make the list alongside Amazon’s TWITCH.TV, which ranked almost #1 gaming information property for unique visitor traffic from mobile devices. (2) Keep a keen eye on these other divisions as they might be able to create a global media platforms for video game and esports fans to connect and engage! Do you want to learn more about these emerging technologies? Continue reading since you’re about to discover the one-of-a-kind platforms initiated just for you!

As the world moves more and more to time spent on their mobile phones, streaming services and mobile phone game playing might become an important arena for revenues, and large tech industries might look to leverage their current framework to get involved. Gaming as a form of entertainment is not new, but it is becoming more popular. Learn about these transformations and read the rest to broaden your horizons!

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Source 1: https://www.investopedia.com/articles/investing/053115/how-video-game-industry-changing.asp

Source 2: https://www.weforum.org/agenda/2019/12/video-games-culture-impact-on-society/

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