With 7 billion online gamers worldwide and hefty revenue reports, the gaming industry’s future is nothing but bright. Industry experts have calculated the estimated future revenue growth of the online gaming industry to be up to $175.8 billion.
This incredible growth rate has motivated the industry to focus on designing a gaming ecosystem that offers the desired experience to the players.
The credit for this incredible growth of the multibillion-dollar industry can also be given to the Covid-19 – the global pandemic. The lockdown, isolation, and unprecedented free time did drive many people to try their hands on online gaming. The existing players also had a chance to hone their skills and practice new techniques.
However, there are many other reasons why online gaming is booming. Read on to get some insights on the industry growth:
- Rise of mobile gaming
Long gone are the days when players had to invest in game setups, expensive consoles, and large graphic cards. The advent of mobile gaming has undoubtedly revolutionized the industry. Not to mention, the leverage of playing anytime and anywhere has also fueled the industry’s growth.
Thus, if you want to explore the dynamics of the industry, a smartphone and a stable internet connection are all that you need.
- Eye-catching rewards
Like any other industry, the competition in online gaming is fierce now more than ever. Companies are focussing all their efforts and resources on encouraging players to play games on their platforms. Attracting customers and building loyalty are essential for them to sustain themselves in the industry.
According to the experts at ufabet, for the same purpose, you can find websites providing more than one online game. Such websites also allow you to earn rewards, discounts, or claim credits.
With the help of such rewards, they create a sense of achievement in you, keeping you motivated to play more games. Listed below are some rewards that can help you get the best out of your gaming experience.
- Real money
Many gaming platforms offer cash prizes to their players. That’s also why online gaming is an easy money-making option for people looking out to make a big fortune.
Several online games feature coins as rewarding points. You can earn these coins at regular intervals and use them to upgrade your game or level.
- Free credit
There are times when players just want to explore the game or see if they can build a liking towards it. For this, websites may offer free credits or discounts to give the taste of their product. You can use them and play the game without making any initial investment.
- Technological advancement
Some amazing technological advancements have definitely made the gaming industry’s future brighter than ever before. Their prime focus is to enhance customer experience and keep them hooked to the game. And here are a few examples of them.
- Facial and voice recognition
With the help of 3D scanning, facial and voice recognition, you have the option to customize your overall experience. You can use the technology to build avatars and create your own digital self. In fact, voice recognition also helps you give digital commands to the game. You can search for your favorite game and navigate through it by simply using your voice.
- Virtual reality
VR headsets and displays have certainly made a huge difference in the industry. You can use it to experience a fully immersive experience while playing.
- Augmented reality
AR games are the perfect option if you feel uncomfortable with the virtual world. Such games allow you to maneuver real-world spaces with the virtual world. For instance, a certain game allows you to inject digital characters into the real world. These games have gained popularity as they make you feel like having a close interaction with the characters, enhancing your overall experience.
- Wearable technology
Contemporary developers are now building apps for wearable devices to offer sophisticated and interactive gaming experiences to customers. Such games have built-in elements for gyroscopic motion sensing and gesture tracking. Devices such as smartwatches and glasses support wearable gaming by turning into consoles.
- Wide range of available games
There was a time when action games used to dominate the gaming industry. But not everyone loves fighting or shooting games.
Thanks to budding developers and creative strategies, you now have a chance to explore different genres of games. From stimulating sports to strategy games, there’s a pool of options that can take your interest to the next level.
Trying your hand at different types of games will help you improve your skills and enjoy the rewards offered by them.
To sum it all up,
Online gaming is growing and will continue to grow for the years to come, and the reasons mentioned above are enough to prove the point. So, if you are planning to be a part of the gaming industry, know that you’ve made the right decision.