Video gaming is complex, and the cost to run a game on one of the consoles has risen with greater complexity. Over the decades, it wasn’t easy to convince entrepreneurs to invest millions in video gaming. With the video gaming industry making $155 billion in 2020, every investor wants a piece of cake.
In addition, video gaming industry analysis predicts that video gaming will hit $260 billion in revenue by 2025. The world’s tech giants such as Google, Facebook, Apple, and many more have jumped on the speedy wagon.
There is a turnover in the industry, and much more is likely to occur in the future. Our expert Jacek Michałski (find out more about Jacek in his blog) talks about the state of the video gaming industry in 2021 in Poland and beyond.
Technical innovations
Virtual reality is on our doorstep. Oculus VR, a company under Facebook, works on the quality of virtual reality headsets. Facebook purchased Oculus VR in 2014 for $2 billion. Facebook has already released The Oculus Quest 2 as their latest product.
Video games rank high in the entertainment industry, and virtual reality seems to cement the dominance. Once experimentation on controls, voice, touch screens, and gestures is made, video gaming will be unstoppable. VR appeals to gamers and the audience at large by providing unique player experiences.
Also read: Top 5 PlayStation Games You Can’t Miss Out On
Merchandising
Creating and running a game is very expensive. Therefore, the video game industry spins more revenue off its intellectual property. The industry is now making money through T-shirts, figures, hats, mugs, to mention a few.
The Halo series found in Microsoft’s Xbox has spread to new forms of generating revenue, such as novels and comic books. In addition, there are plans to create a television series and a long-rumored movie that will lead to many video games following the booming trend.
Assassin’s Creed is one of the most popular video games developed by Ubisoft, filmed in 2016 featuring prominent actors. Sonic the Hedgehog video game was released in 2020 featuring famous actors and set a record for the most significant video game-based movie.
Online gambling
Online gambling in Poland is not a stranger to innovation. Casino operators are skilled in tapping potential innovations such as video gaming that will change the face of their casinos. Casino operators and gamers are likely to have a viable gambling experience. Video gaming gambling is on the rise as many players are attracted by rewards based on their skills.
While video gaming, it is possible to predict your win, unlike slots where luck has to be on your side. There are many competitions held online where players bag lots of money. Video gaming gambling presents a platform where gamers sharpen their skills for tomorrow and are awarded at the end of a game. The ease of accessing resources on various video games and ruletka online na pieniądze makes it easy for Polish players to make informed decisions.
Expanding markets
Today, market demographics are expanding in a more significant way. According to Newzoo, there were 2.69 billion gamers in 2020, which is likely to increase to 2.81 in 2021. The female gender has taken the world by surprise after recording 63% of the total gamers in 2019.
Top-level gamers in eSports leagues are recognized when applying for a professional athlete visa to enter the U.S. With such measures; we can agree that video gaming is growing incredibly and gamblers are also engaging in responsible gambling.
Several gamers have earned lots of money by uploading videos of themselves playing at home. Player’s streaming is another way of generating revenue in the industry.
Cloud gaming
Cloud gaming has developed the interest of gamers over the last few years. Cloud gaming has dashed off the old norms of downloading games online or purchasing them. Earlier, players encountered challenges such as the hardware’s inability to snuff the competition, long hours when downloading, and lack of enough space to store the game.
With cloud gaming, players can stream a game in real-time instead of buying and downloading. Gamers can use the latest hardware with no investments.
The video game industry is all about innovation. With a special touch of technology and new controls, gamers will have a unique experience every year. As the large population shifts its activities to mobile phones, cloud gaming, and streaming, the tech companies will try to leverage the current framework to get involved.
