When it comes to finding ways to entertain yourself, gaming has become a big niche within the sector. This type of entertainment is reported to have generated over $100bn in 2017 globally, which shows what a massive influence it is in business terms for the global economy. It is a niche within entertainment that has seen much success for the game developers and hardware manufacturers involved within it.
When you drill down more into the business side of gaming in modern times, it becomes clear how key online gaming is to its growth now. This type of gaming has made great strides in recent years due to advances in the technology behind it and is very popular with players now. In 2016, for example, it was reported to have generated almost $20bn in revenue within the US alone!
Will online gaming continue to grow?
As with gaming in general, online gaming is being predicted to continue its rapid growth into the future by industry experts. As the technology that powers the games and allows people to connect online advances, so will the scope of what can be done with it. This is sure to attract more players and see the online gaming sector continue its ascent. Many predict that gaming in general will hit the $150bn revenue mark in 2020, of which online gaming will certainly play a huge part.
What is it about online gaming that makes it so popular?
- Online casino games – one major aspect of online play that you may enjoy is online casino games. The advent of the internet and online gaming means that you can now log on from the comfort of your own sofa if you want to enjoy your favorite slot or casino game. There are a superb selection of online casino games to try out online, and you are sure to find something that you like.
- eSports – this is one piece of the online gaming pie that has captured the attention of gamers. Already making hundreds of millions as a sector within its own right, many think that it will be a $1bn business in the near future. This sort of online gaming sees you watching or taking part in online tournaments that involve teams of players in certain popular online games.
- Online multiplayer games – one reason that online gaming has become such a lucrative venture in business terms is that it is social. You no longer have to be in the same room as someone to play with them, or even the same country! This has seen huge multiplayer games such as Guild Warsamass many millions of players worldwide who all enjoy the action online together.
Online gaming is set to rise further
When you factor in just what a big impact online gaming has made within the gaming business already, it seems certain that it is here to stay. Many think that it will take more of the market in the coming years as greater numbers of people discover this way of playing games. If you already game online, then you know just how amazing it is.