Last year, the gaming industry overtook the total income of the film industry and the sports industry as the most significant income in the entertainment field. In fact, on a global scale, the game industry is valued at $ 165 billion by 2020. It is expected to reach nearly $300 billion worth in 5 years with current growth rates.
Trends in the video game industry
Gaming is a form of popular entertainment attraction with vast amounts of players, especially the young. The mobile gaming industry is considered to be one of the lucrative business sectors. Therefore, for game developers, staying up to date and keeping abreast of new trends is extremely important to be successful. So what trends could play an essential role in shaping the future of the gaming industry? Let’s find out with InApps.
Top trends in the video game industry
1. The emergence of 5G – future of the gaming industry
5G is gradually appearing everywhere, and for sure, it will become the standard very soon. It is an essential step for the mobile gaming industry because 5G improved upload and download speeds on a mobile phone many times, which is extremely important for online games that depend on high-speed internet to achieve optimal performance.
Future of gaming industry
The emergence of 5G will also help develop the gaming community and expand the market as more and more players will have access to more quality games on mobile phones or their computers.
2. Mobile games – gaming industry trends
The emergence of mobile games is the second among the key trends in the video game industry. Nearly everyone has played a mobile game in their lives. “The global mobile gaming market could grow from $56 billion in revenue in 2017 to $106.4 billion in 2021″, according to a recent report by Newzoo and Arm. As mentioned above, 5G will be an essential motivation in making mobile gaming easily accessible to all. It is estimated that more than 2.2 billion people have used mobile phones to play games in the past 10 years.
Future of the video game industry
With continuous improvements in chipset technology, mobile devices with increasingly powerful processors will be on par with professional game consoles like PlayStation and Xbox. Not only will this mean more gamers, but it will also positively impact the profits of gaming companies. It will create a chain reaction that pushes more companies to enter the online gaming space. A win-win scenario is ideal for both game companies and players.
View more: Take Your Mobile Game To The Next Level With InApps
3. The number of viewers exceeds players
Gaming is gradually becoming a sport that many audiences love, especially young people aged 18-25 who tend to watch gamers compete in cyberspace than watch regular sports programs. 2021 witnessed an increase in the number of game viewers, and probably in the future, the number of viewers will surpass the number of players. Many market research reports show that the number of video games will increase by 9%, but there will be a remarkable growth of 90% in the audience watching the games being played on their screens.
4. Playing games on the cloud platform – future of the video game industry
The success of Software-as-Service (SaaS) and platform-as-service (PaaS) has led to this model being applied in the gaming industry as Gaming as Services (GaaS) – cloud gaming services.
Trends in the gaming industry
This model has the potential to revolutionize the trends in the gaming industry. It is expected that more video console companies will migrate to this business model soon. These services will allow gamers to play games online regardless of the PC or mobile device configuration. In other words, players will play online games on an average device with no loss of game performance. In addition, another plus of these services is that they will eliminate the need for software updates, as all games will be updated and ready at all times.
5. Augmented Reality (AR) & Virtual Reality (VR) – future of the gaming industry
When it comes to immersive gaming experiences, AR & VR always prevail. Since their inception, both AR & VR have made great strides to become what they are today. In the future, AR & VR technology will be able to provide even more realistic visual experiences. Video game companies can use these technologies to enhance the overall gaming experience without a video monitor. It is predicted that AR & VR technology will reach nearly 20 billion dollars in revenue by 2021.
Gaming industry trends
6. Gen Y and Gen Z are the target users of trends in the video game industry
Gen Y (millennials generation) and Gen Z (zoomers generation) are the most active segments contributing to the development of the game industry.
According to market research by Nielsen, 71% of gamers regularly watch games on YouTube and other video-sharing platforms. This young demographic includes the most active gamers, with an average age of 15-35. Their propensity for video games will make the industry a mainstream entertainment industry on par with movies and other popular entertainment sources.
Analysts predict that 2021 and 2022 will likely be the years when video games reach a development point as a means of entertainment.
7. Recognized as an art form – future of the video game industry
As mentioned earlier, video games are rapidly evolving into a potential source of mainstream entertainment. Video games may evolve into a medium and form for telling stories, which is only available to film, television, and print media. With video games gaining more acceptance by audiences, it is more likely to be seen as an original art form, and video game developers and creators to be seen as artists.
In the future, video games are predicted to evolve into something more than just passing the time. It has the potential to be a vehicle for bringing together people from all over the world, driven by their love of video games.
8. Evolved into a trendy e-sport
Future of the video game industry
Lastly, E-sports is one of the major trends in the video game industry worth mentioning. It is a form of online competition of fighting games using time strategy (MOBA) or shooter genres from the perspective of players (FPS). They are not just entertainment games anymore but have become trendy e-sports and are ranked as competitions to win scholarships to prestigious universities. E-Sports has also been added to some high school programs in Korea, Sweden, and Finland. The Garnes Vidaregåande Skule School in Bergen, Norway, has also chosen to teach eSports as an official sport.
The games awarded the scholarship are League of Legends (LoL), Defense of the Ancients (DOTA) 2, PlayerUnknown’s Battlegrounds (PUBG), Smite, StarCraft II, FIFA, etc. Scholarship awarding schools: Arcadia University (USA), Robert Morris University (USA), Valparaiso University (USA, India), the University of Texas at Dallas (USA),…
With the attraction and changing perspective of the gaming industry today, have you ever thought that you could create a game with your style? If you’ve ever rekindled that idea, it’s time to make it happen!
How do you develop a successful mobile game?
Mobile game development is about having a unique idea, an eye-catching 2D or 3D design (art, animation, shaders, countless other things), and releasing the game. It may also involve testing software and QA/QC for smoother gaming performance. Besides, while you create a game, it is important to think about the game mechanics, rewards, player engagement, and level design.
It’s good that you’re getting into your games, but you need to find a programmer, a sound designer, a designer, or many other roles to strive to enhance the gamer’s experience. Hence, it’s better to have the game development experts be the partner and help you with problem-solving as well as hook parts together until everything works.
A successful mobile game developed by InApps
So the above-mentioned information is the top 8 trends in the video game industry. It’s now time to develop your own trending mobile game. To get a better understanding of what a mobile game looks like and what features are included, let’s check out InApps’ real-world example:
Gaming industry trends
View more: All Case Studies
The cost of game development depends on a lot of factors like genre, platforms, the complexity of the gameplay, quality of graphics, etc…it could be approximately between $3,000 and $50,000. However, if you don’t have a robust budget, don’t hesitate to contact InApps – The TOP Application Development Outsourcing Company in Vietnam to reduce the cost with the same quality.
From $1500/month, InApps’ developers can nail everything with their excellent technical skills, which help the customer solve different matters and achieve success beyond expectation. We only send experienced members to your team to take care and handle complex issues, and prioritize fixing urgent to minimize complaints from users.
Let’s create the next big thing together!
Coming together is a beginning. Keeping together is progress. Working together is success.
