Research On Global Markets
Syndicated Market Research Report
Today, gamers wait eagerly for the next, big release from leading players in the gaming industry. The average revenues earned by the Global Digital Gaming Market have increased in just the last decade, marked by a CAGR of 15.7%, to a value of USD 264.9 Bn in revenue by 2023. Over the next five years, research states that this growth rate is expected to stay positive and constant. But only a few growth drivers are expected to stay the same. We’ll describe them as themes to show how they will drive expectations in the future of this industry. Different ways to monetize a game Games are one product that can be found in the regular brick & mortar stores, mobile stores, live online and downloadable formats. How we play games have become more digitized recently and as a result, developers have found new ways to capitalize on it via multiple offerings on a single product like in-game purchases, micro-transactions, expansion packs, and advertising. Playing games on new platforms Improved mobile internet services and streaming have also changed how games are delivered and utilized on platforms. For example, mobiles can now stream very heavy games, software development companies make use of cloud-based data centers to power games so players needn’t purchase heavy CPUs, consoles, etc. and finally streaming of games from a larger collection of online game content as determined by a recent Global Digital Gaming Market forecast. New, interactive gaming formats Games are more entertaining and can now involve more players playing one game. We’ve had multi-player formats before, but nothing like what it is today. Gamers around the world can log online into the same game adding an all-new social aspect to the game. Apart from the multi-player format, one can choose from battle royale games, team-based strategy.
1 Comment
3/17/2022 08:25:33 pm
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