Impact of the pandemic on the online gaming industry

0


The pandemic is the brutal and harsh episode of our life. Almost every industry has faced the wrath of the pandemic, and the gaming industry is no exception.

However, even in these testing times, the gaming industry survives. Statistics suggest that between 2020 and 2025, the gaming industry is expected to reach a CAGR of 12% (Source). The interesting fact is that there are more and more competitors in this sector. Look at Amazon, Facebook, ByteDance, Google and more; Companies are investing in this sector because it is experiencing gradual growth even in turbulent times like this. Apple is ready to put together a list of the most influential vendors listed in XR games, and for this they have spent around $ 100 million on NextVR.

The online casino is a booming success right now. For example, look wildzbonus.com; the platform has brought its users a next-generation casino experience with exceptional and tailor-made reward packages.

What is the impact of this pandemic on the online gaming industry?

If we look at other economic sectors and then the gaming industry: one thing will be clearly visible as the gaming industry continues to fight fiercely against the slaps of the pandemic. This is evident because almost all of the developers, publishers, operators and people associated with the video game industry have been able to fend for themselves. There has been no downsizing in the gaming industry. They continue to work from home and everything is pretty much under control.

Why is the number of players constantly increasing?

The current situation makes the stay at home compulsory. People are trying to find ways to be entertained, and what could be better than indulging in online casino games while enduring the midlife blues?

According to reports, around 20 million people (Source) began to take an interest in online gambling and gambling since March 15, as the virus continues to wreak havoc across the United States. Today out of 10 Internet users, at least 4 are gamers. However, the number of male players is higher than that of women. Male gamers continue to dominate regardless of the type of device used to play the games.

Spring Grove High School esports team members participate in a game of League of Legends in practice on Thursday, February 27, 2020.

Virtual reality is taking the gaming world by storm!

Majority of 25-35 year olds love to play VR games. VR is still a new concept in the gaming industry. But, growing popularity suggests that it could become the future of the gaming industry. Virtual reality is radically changing the gaming industry and the experience of gaming. users for good. It attracts the attention of players as they experience the thrills of close to real life encounters. It makes them feel like they’re physically present in the game.

In a nutshell, the online gambling industry is in a good, safe place right now, providing users with the experience of playing in a real land-based casino which should be pretty awesome!



Source link

Share.

Leave A Reply