Over the past years, gaming has gained popularity all around the world. Not just in terms of the involvement of the people but also in terms of creators. According to Statista, the entire worldwide online gaming market is expected to reach 2.2 trillion U.S dollars by 2021.
Another report from Statista indicates that the PC online gaming market is expected to grow from $21.1 billion in 2011 to $44.2 billion by 2020.
One of the reasons for the rise in popularity of online gaming is the increased accessibility of it. Another reason is the opportunity to earn money while playing games. Games like real money Blackjack allows people to earn money online, which means a real value of time and money for the player.
There are numerous factors that influence the digital gaming market. Some of them are:
1 - The Need For Entertainment
In the metropolis world where everyone is busy fulfilling the basic needs of life, entertainment diverts people’s attention from the demanding lives and provides an escape from the mechanized routine. Online Gaming has become a preferred activity as it doesn’t even require you to step out of the home.
This has resulted in an increase in the number of online gaming players. According to GeekWire, out of all the people who play online games, 46% of them are women while 54% of them are men.
2 - Enthusiasm For Esports
Not only in terms of players but also viewers. There are millions of enthusiastic viewers of esports. According to Hall & Partners, 14.7 million people were watching the League of Legends (fantasy battle video game) world final live.
According to The Motley Fool, 42% of the esports viewer had said that they appreciate brand marketing through gaming channels. The more the ads, the more money in the digital gaming market.
3 - Passionate And Professional Gamers
People who are passionate about gaming feel satisfied after buying and owning physical products that are designed especially for gaming. Most of them even make in-app purchases in the game.
A report from India Times indicates that there are more than 1000 professional gamers in India alone. With the increase in the number of tournaments and cash prize pools, the number of professional gamers is also increasing. This indicates that the digital gaming market will continue to grow.
4 - Increase In Mobile Gaming
According to Medium, the revenue through mobile gaming will grow more than 25% for the next 10 years and is expected to outgrow the overall global games market by 2021. The report suggests that mobile games will generate more than half of global video games revenue as of 2019.
As per the stats, the digital gaming market is on a boom. With the increase in esports and tournaments, the industry has now become a full-fledged opportunity for those who want to build a career in gaming.
With the increase in mobile as well as PC gaming, we can expect the gaming market to become a multi-billion dollar market in the coming years.