The video gaming industry is amongst the oldest on the planet. Moreover, it’s developing at a fantastic rate since the beginning. The reason for this is that individuals are gradually realizing the benefits offered by these games apart from their entertaining attributes. For example, companies slowly understand the advantages of their employees playing video games, plus folks are likewise able to generate a considerable amount of revenues by selling them in-game loot as well. At present, you will come across a wide array of video games on the market, and below, we have mentioned the latest trends in online gaming right now.
- Online Gambling
Sports betting as well as online gambling has become immensely popular. As per Statista, online gambling is now worth $47.12 billion. Even though the iGaming companies from across the globe are expecting to generate lots of revenues from its growth, the authorities are more likely to implement regulations and policies to safeguard the interests of the consumers. This is because some people tend to cross their limit while gambling and become bankrupt in the long run.
These days, alternative means of payments are provided by various cryptocurrencies including Bitcoin as well as Ethereum which have made a significant impact in the video gaming industry as well. Individuals don’t need to rely on their debit cards or credit cards for paying online anymore. It will likewise be worthwhile to observe how the Blockchain can be leveraged so as to modify the online gaming industry.
- Virtual Reality
In spite of the fact that VR (virtual reality) was introduced some time back, it did not cause much impact on the mainstream gaming industry. Nevertheless, it is slowly gaining in momentum at present and according to many stakeholders, the VR gaming industry is going to become a $100 billion market within the next few years. As a matter of fact, lots of tech giants are already preparing to stay ahead in the competition. For example, Sony is investing lots of revenues for developing an exclusive line of virtual reality games that will work with the most recent consoles out there. In the same manner, all types of VR casino games are being launched by the top casino in South Africa providing greater entertainment as well as involvement.
- Live Streaming
Live streaming has been developed significantly by various platforms such as Twitch. In fact, lots of folks love to watch other individuals pay live rather than watching the highlights on YouTube. Innovative online tools have enabled the gamers to stream their content live on the web these days. Twitch was able to spot the rapid growth of live streaming much earlier and is now making huge profits because of their foresight. As a matter of fact, there are innumerable gamers on the platform right now entertaining viewers worldwide from the comfort of their own residence.
- Cloud Gaming
The concept of subscription gaming happens to be yet another interesting trend that the gaming industry is witnessing right now. This exists for several online games already; however, the ability to handle all the processing as well as storing in the cloud implies that the gamers might end up signing up for a gaming service along with a model similar to the one employed by Netflix. This might enable the gaming companies to accumulate ongoing revenue and also update the games on a rolling basis instead of wasting capital versioning a thriving franchise. The issue faced by many gamers with this particular concept is that they are unable to own any game in the true sense. This implies that hardcore gamers without any Internet connection will have nothing to do till the connection is revived.
The Bottom Line:
The online gaming industry is getting modified at a rapid pace with new changes taking place every few years. There is hardly any doubt about the fact that gaming is going to be innovated by leaps and bounds with so many prodigious programmers and developers working tirelessly on the new gaming industry.