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Follow. From the dawn of arcades, to the rise of home consoles, the gaming industry has risen exponentially in the past few decades. In 2020, the global gaming industry's revenue is set to hit $165 billion, with 2.7 billion gamers worldwide today. The charts below explore how the industry has changed and grown since the 70s.
Aug 20, 2021 · But the decade nearly witnessed the demise of the rapidly-changing industry, in the video game crash of 1983. Market saturation and waning interest in home gaming saw revenues drop from $3.2bn (£ ...
- Gaming: More Accessible Than Ever Before
- Revolutionising Experiences
- New Innovation and Technology
- Looking Ahead to The Future of Online Gaming
The internet has drastically changed the video game industry and arguably the biggest change is that video games are much more accessible than they ever were. In the past, the video game industry was dominated by a few powerful companies which would launch expensive consoles and pricey games that could be played on those consoles. The costs were a ...
One of the most impactful changes which the internet has brought to gaming is the revolution of in-person experiences. Online gaming has allowed a number of in-person experiences to be had via a digital format. For example, instead of LAN parties, gamers can now join together and create a community through streaming platforms like Twitch. This has ...
One area which looks particularly promising is that of Augmented Reality (AR) and Virtual Reality (VR). AR and VR applications, technology and games have all been on the market for a number of years and yet they have not yet become mainstream. Many critics in the gaming community believe that the AR and VR sector of the gaming industry has not quit...
Although the future of VR and AR appear promising, there have been many false starts and dashed hopes in the gaming industry. No one knows what the future of the industry holds — if we did, we all would be very wealthy at this point! However, that being said, the one thing that we can all rely on is the fact that the gaming industry will continue t...
Dec 7, 2022 · The gaming industry isn’t anything new, people have been playing board games for centuries, but once technology started to evolve, the gaming industry suddenly had a new way to create games. The invention of the internet really changed the gaming industry as a whole, as now people could explore games on a much deeper level and could enjoy the experience of playing games with their friends.
Mar 2, 2024 · The internet has revolutionized the gaming industry in a number of ways. For one, it has made it easier for developers to create and distribute games to a global audience.
Jan 23, 2022 · How the business of gaming is evolving. January 23, 2022 With an increasing number of people playing, broadcasting, and watching esports, the already booming, multi-billion dollar gaming ecosystem is reaching even greater heights. As the Call of Duty League (#CDL2022) hosts its Kickoff Classic this weekend, and against the backdrop of industry ...
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Jun 9, 2023 · The growth of gaming streams is a global phenomenon, which increased markedly during the pandemic. Streaming’s audience will exceed one billion people in 2023, increasing with a CAGR of +16.3% from 2020 to reach 1.4 billion in 2025 10 (Exhibit 5).
