The gaming and esports sector has been booming for a while now, and it’s not going to slow down anytime soon. Thanks to new tech and how we’re consuming media, it’s only going to get bigger and better over the next few years.
The gaming and esports sector has been booming for a while now, and it’s not going to slow down anytime soon. Thanks to new tech and how we’re consuming media, it’s only going to get bigger and better over the next few years. India’s gaming market is estimated to be worth 2.6 billion dollars, and it’s expected to grow to 8.6 billion dollars by 2027.
Internet penetration and cheap data plans have certainly played a part in the growth of online gaming in smaller towns and cities. In the past, small towns and cities may have had limited high-speed internet access, making it difficult for gamers to play games that require a robust and reliable connection. Now, however, with more and more people having access to the internet and data plans becoming more affordable, gamers in these locations can easily play online games.
Let’s look at the upcoming trends that will affect the gaming industry and esports soon.
Mobile Gaming: Mobile gaming has been a rapidly expanding sector for a considerable time, and its growth is not expected to slow down in the foreseeable future. Mobile gaming has become increasingly popular due to its convenience and accessibility, making it an ideal choice for gamers who are constantly on the move. As the processing power of smartphones increases, mobile games become increasingly complex and sophisticated. The global mobile gaming industry is projected to reach a value of USD 98 billion by 2025, accounting for over half of the global gaming market.
Cloud Gaming: Cloud gaming is a cutting-edge technology that enables gamers to access high-end gaming experiences from remote servers, eliminating the need for local hardware. By 2024, cloud gaming is projected to be an industry worth $7 billion, with major players such as Google, Microsoft and Amazon investing heavily in the space.
Esports: Esports has taken the world by storm in recent years. Millions of people around the world are tuning in to see professional gamers battle it out in tournaments. By 2025, the esports industry is predicted to be worth over $3 billion, and it’s not looking like it’s going to slow down anytime soon. It’s all thanks to the pandemic, which forced people away from traditional sports and into esports instead.
Virtual Reality (VR) Gaming: The virtual reality gaming industry has been in existence for several years, but is still in its infancy. As technology becomes more accessible and cost-effective, the industry is projected to reach a revenue of $7 billion by 2025. Virtual reality gaming offers the potential to provide players with an immersive experience, potentially transforming how we play games.
Cross-Platform Gaming: Cross-platform gaming is a form of gaming that enables players to interact with each other on multiple platforms, including Xbox, PlayStation, PC, and more. This form of gaming has seen a surge in popularity in recent years and is expected to continue to grow in popularity in the future. It has the potential to foster a unified gaming community by connecting players across multiple platforms.
Gamification: The concept of gamification involves the utilization of game design elements in contexts other than gaming, including education, marketing and employee training. Gamification has become increasingly popular in recent years and is expected to remain so in the future. It has the potential to enhance the interactive and engaging nature of learning and training and could be applied to a wide range of industries.
It’s no secret that gaming and esports are a fast-growing industry with lots of new technologies and trends popping up all the time. From mobile gaming to cloud gaming, esports to virtual reality gaming, from cross-platform gaming to gamification, there’s no shortage of trends that are sure to shape the future of the industry. As tech advances, it’s gonna be fun to see what the future holds for gaming and esports.
Credit: The Pioneer