The video gaming industry has developed rapidly in recent years. The gaming industry is expected to catapult in the coming years due to technological innovations, developments and advancements. Most worldwide video gaming experts have approximated that the industry’s net worth will reach $196 billion by the end of 2022. On the other hand, Mordor intelligence estimated that the global video gaming industry market, in 2026, will reach a target of $325 billion.
The video gaming industry has maintained its status of becoming one of the most lucrative worldwide industries. The industry has surpassed every commercial and technical benchmark in the market.
The following are the recent trends in gaming technology that will forever set the video gaming industry among the top lucrative sectors in the world.
Virtual Reality (VR) and Augmented Reality (AR) in Gaming
VR and AR will rarely have an alternative, especially in the first-person video game-playing experience. The overnight popularity of AR gaming began at the time of the advent of Pokemon Go. According to the video gaming industry, the ARC reports that the Augmented Reality and Virtual Reality market will hit more than $12.0 billion by 2026.
The growth has been propelled by the craving of many people to have immersive gaming experiences and the benefits resulting from the integration of VR and AR solutions. According to economists, there will be a drop in the price of VR headsets.
VR and AR have also boosted online gaming experiences, such as those found in online casinos like the NetBet Casino. Here, the player only needs to put on the VR gaming devices such as hand controllers and VR headsets for the actual video game playing experience.
The Competitive Multiplayer Mobile Gaming
Over the past years, there has been a rage experience in the competitive multiplayer gaming experience. ESports have recently turned into a global phenomenon. Multiplayer mobile gaming has also become a rapidly prominent trend in 2022 due to the emergence of the rapid popularity of mobile games like PUBG.
The improved and more advanced multiplayer formats have ensured that gamers are engaged through social interactions. It also gives gamers a sense of achievement, especially when winning against other players. For this reason, many gaming enthusiasts are willing and ready for in-app purchases just to keep playing the games repeatedly.
The Blockchain-Based Gaming Trends
The blockchain has now transformed the gaming sector into many opportunities for gamers to explore. They use robust data encryption technologies to ensure that hackers do not get the chance to modify or destroy online transactions.
Blockchain technology could greatly benefit the gaming industry as it makes everything safer, including in-game purchases. Most Blockchain technology experts are helping enterprise and startup businesses embrace this technology in their business model to solve most real-life problems.
There is a rapid advancement in the gaming industry due to recent trends. There are three major gaming technology trends: Virtual Reality (VR) and Augmented Reality (AR) in Gaming, Competitive Multiplayer Mobile Gaming, and Blockchain-Based Gaming Trends.
Jessica is engaged in brand exposure at LandscapeInsight. She brings forth content that helps both the reader and brands based on research and trends.