Ever since the gaming industry burst onto the scene nearly thirty years ago now, we have seen an industry take off into becoming one of the biggest forms of entertainment on the globe right now, and this certainly isn’t due to slow down anytime soon. In fact, industry experts are actually expecting to see a surge of 20% in growth to $179.7 billion over the next year. Although, many consumers are questioning how and why the industry has become so big, so we thought we’d break it down for you.
One of the main reasons why gaming has become the entertainment powerhouse that it is today is due to the mobile gaming sector become so big and is now the main revenue turners for the industry in the past couple of years. This is mainly down to the fact that many of us now are so reliant on our smartphones to get about our everyday lives as they are like a personal assistant for us nowadays and due to this, the mobile gaming industry has targeted a wider variety of genre of gamers so that there is a game out there for everyone now, and with any spare minute that we get on our mobiles, we are using that to game.
Another model that has been working extremely impressively for the gaming industry has been the free-to-play ideal which until Fortnite showcased this, it was something very alien to a lot of gaming companies as they wouldn’t turn any revenue from sales of the games. Instead, the way money was made on these games was through in-game purchases such as skins for your character, loot boxes that enhance your gaming experience or every season-long challenge which will ensure that you continue to play the game more. This model created by Fortnite has molded an idea that we are now seeing many major gaming operators take inspiration from and create their free-to-play games such as Call of Duty: Warzone which is seeing similar trends since it was released.
And finally, totally new forms of gaming are always being released onto the market to keep it fresh, and this has been entirely down to the rapid rise in quality in terms of technology as we are seeing virtual reality and augmented reality start to take over the industry. Another industry that has been able to benefit from this rapid rise in quality of technology is the online gambling world, some betting sites at The Best Casinos, where they have been showcasing some of the highest quality betting environments for an online gambler and are continuing to showcase the best betting sites that are gamstop-free.
