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July 8, 2021
GAMING INDUSTRY
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The gaming industry is arguably one of the most important and innovative sectors in tech
today. Its importance to culture, social networking, and entertainment cannot be
understated. The term “entertainment industry” is no longer reserved for Hollywood and
the movie industry. Gaming is now providing the most immersive and awe-inspiring
forms of entertainment to more than two billion people around the globe.
Nobody could imagine what the gaming industry would blossom into when they were
messing around with Pong joysticks in their basements and competing against their
friends for the highest Pac-Man scores in the 1970s and ‘80s. These simple games would
turn out to be the bedrock of today’s gaming industry and instant cultural phenomena.
We have the continuous advent of new consoles, PCs, and devices that are putting us right
into the game. We also have the opportunity to watch some of the best gamers in the
world. Moreover, we can see them compete in the e-sports arena and online through
streaming platforms like Twitch and Mixer.
GAMING INDUSTRY
The gaming wars of today are just heating up. The battle over console gaming is being
waged by Microsoft (Xbox), Sony (Playstation), and Nintendo, with Google acting as a
new competitor with their cloud-based gaming platform, Stadia. These consoles are
pushing the absolute boundaries of technology by offering gamers state-of-the-art
graphics, speeds, and processing powers. Traditional console makers, like Microsoft, will
start to compete with Stadia and Amazon’s super-secret cloud gaming platform to make

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their games available to those anywhere with any decent internet connection.
Additionally, PC gaming has given many opportunities for gamers who are looking for
extra ease-of-use, dexterity while playing games.
Streaming has also been a massive success for the gaming industry and gamers alike.
Platforms, like Twitch and Youtube Gaming, allow individual gamers to live-stream their
in-game play to subscribers all over the world. This invention has allowed millions of
streamers to gain a fanbase, interact with one another and monetize their gaming skills.
Streaming has become uber-popular to the point where the top four platforms (Twitch,
Youtube Gaming, Mixer, and Facebook Gaming) garnered a combined 13 billion hours
watched in 2019. Breakout successes in the streaming industry, like Tyler “Ninja” Blevins,
have been able to make upwards of $10 million a year just through the fans and
endorsement deals that come with running a popular streaming profile.
Gaming Equipment + Technology:
Console Gaming –
Console gaming is the original (and probably most well-known) form of digital gaming. In
the early days, Nintendo and Sega dominated the market for consoles. Today, Xbox and
also PlayStation have become the two most popular consoles. They are offering millions of
players the ability to experience the latest in gaming technology.
PC Gaming –
PCs have had a meteoric rise in gameplay with more than 1.2 billion people using
computers as their gaming tool. Gaming computers are all about efficiency.
Cloud Gaming –
Cloud gaming is the newest type of video game technology making headlines. Imagine
Netflix, but for gaming. You scroll through a library of games, choose which game you
want and automatically start playing the game. Also, No discs and no load times.
VR/AR Gaming –
Virtual reality (VR) and augmented reality (AR) is meant to put you right in the middle of
the action. Instead of playing from a third-person point-of-view, VR drops people into
computer-generated environments to make them feel like they’re actually part of the
game. VR offers gamers the ability to step into magical worlds. Also to do everything from
a kick around a soccer ball to fight off hordes of monsters.
Mobile Gaming –
Mobile gaming makes up about 45% of the gaming industry’s total market share. It is
almost one-third of the entire global population has played a gaming app in 2019.
FUTURE WORTH OF GAMING INDUSTRY:

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The global gaming market will be a value of $256.97 billion by 2025. Previously in 2019,
this figure was around $151.55 billion. Gaming industry stats show that the industry
expected to grow at a rate of 9.17% from 2020 to 2025. The video games market was
worth over $90 billion in 2020. Players spent $4.5 billion on immersive games in 2020.
Asia-Pacific lays claim to the largest revenue from gaming worldwide. China is the
country with the largest video games market globally.
As a result of forecast, Mobile games are going to claim 57% of the digital games market in
2021. Video game profits are going to reach $180.1 billion in 2021.
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