We’ve witnessed the introduction of new gaming software, the development of live-streaming systems, and the introduction of gaming subscription services such as Apple Arcade and Xbox Game Pass in the recent decade. The ability for gamers to establish themselves as professionals is now available, and casino games now are available via mobile devices.
Some of the most major developments we’ve witnessed in the gaming business over the previous 10 years are listed here.
Rise of Esports
“Esports” is no longer exclusive to people who work in the field. In reality, the worldwide esports industry is expected to increase from $1 billion in 2021 to $1.6 billion in 2024, with a compound annual growth rate of 12%. The esports industry has grown into a diverse community of sponsorships, top players, investors, and spectators. Check out esports worldwide numbers, esports growth statistics, and reports to learn more about the development of esports. To become a professional gamer, you must put in a lot of time and work, but it is well worth it.
There has been a shift from Twitch to Microsoft’s Mixer platform due to the presence of renowned players such as Tyler “Ninja” Blevins and 16-year-old Fortnite superstar Kyle Giersdorf. This really is having a significant impact on the visibility of the competition.
Gamers with large followings may now make up to $15,000 each hour by live-streaming their games to their fans on sites like Twitch and YouTube. Because of this, streamer acquisition has been more competitive in recent months.
Ever since early Nokia phones, you may play mobile games; however, the widespread availability of Wi-Fi and the launch of the App Store for the iPhone in 2002 has accelerated the growth of mobile gaming.
When Apple introduced the in-app purchase capability for mobile games in 2009, it was the turning point for mobile gaming. Since then, mobile gaming has seen an explosion in popularity. Since its release in July 2016, Pokemon Go has generated more than $3 billion in revenue for Niantic Inc.
Tencent Games’ PUBG Mobile multiplayer game topped 100 million downloads in only 4 months here on App Store or Google Play. Mario Kart Tour became Nintendo’s most popular first-month mobile launch, producing over $37.4 million in player spending, since September, with 129.3 million installations in the first thirty days of availability. In the first month alone, Call of Duty Mobile racked up 148 million downloads, making it the second-most successful mobile launch in history, behind only Call of Duty 4.
Only a few titles and numbers are responsible for the market’s recent steady growth, which peaked at $69.7 million in the US on Black Friday last month, with the App store accounting for the great bulk of revenue.
The digital gaming sector is currently dominated by mobile games, with 59% of the market share. Gaming company Zynga made $328 million in sales from mobile games in October, breaking its previous revenue record. Mobile games revenue accounted for 95% of Zynga’s total income. However, the growth of the casino sector is not limited to computer games and the gambling industry. This is because casino games nowadays are promoted with very high rewards and incentives for new players, which makes it look like a bad idea not to give it a go. If one wishes to partake in this experience, it is ideal to conduct some research and compile a list of leading companies in this sector, so as to ensure a positive, safe and reliable experience in online casino games.
Unless we included narrative games’ rapid development, this list would be incomplete.
Stories in games have been there for 30 years, but they’ve been more popular in the last 10 thanks to titles like What Remains of Edith Finch by Annapurna Interactive and The Last of Us by Naughty Dog, which look at death, life, and mysteries from the past. Story-driven video games have found a niche in the video game business, delivering an alternate — and often more confident — experience to the numerous entertaining shoot-em-ups and death-defying FPS titles that dominate the industry.
The Game Awards
Founded in 2014 by Geoff Keighley as a revamped version of the Spike Video Game Awards, this year’s Game Awards had an audience of 45 million people watch the show live on the internet.
Live musical performances, various new game releases, and the red carpet presentation for celebrities, video gamers, and esports pros are all part of the Microsoft Theatre awards ceremony. This year’s awards recognize esports’ top content provider, as well as the best esports game, tournament, player, coach, and host.
Enjoying some of our best games has never been easier thanks to advancements in hardware and software over the previous decade. The old favorites may now be enjoyed at a greater level of quality while still providing the same amount of enjoyment. It’s time for a new decade!