Top Trends and Market Opportunities for Online Gaming - GoodFirms Research 2022
InvestorSarfari Comments:
One of the more destructive results of the past two years of worldwide lockdowns has been the feeling of isolation and loneliness. Limited face-to-face interactions may have negatively impacted traditional ways of communicating, but one form of coping proved to be a boom for an industry: online gaming.
Although gaming was gaining popularity over the last decade, the past two years of restrictions fanned the online fun to a much broader audience. Gaming helped trigger online “shared experiences” and in some ways substituted for the lack of social contact and acted as a stress reliever. The result is that online gaming has become a regular practice, and THIS puts it in the crosshair for investors looking to ride an early trend.
Interactive play (and competitive play in particular) is foundational to human development. The result of promoting pro-social behavior and skill development hasn’t changed for centuries. Historical records as far back as the 776 BC Olympic games show that they were conducted to unify the Greeks, strengthen Greek culture, and teach youth the military skills they needed. Gaming is deeply entrenched in us, and it’s not going to surrender easily. If anything, its social and cultural significance is stronger than ever.
Online games have become a cultural phenomenon. Reading the key findings below should reveal no surprise to you. The rise of artificial intelligence (AI) and augmented reality (AR) has increased the quality of gaming exponentially. How much better can it possibly get? Much, much better.
Virtual reality (VR) is still in the early stages, but it’s quickly being embraced by the industry. The idea of wearing body accessories and sensors to physically experience different digital worlds is already here.
“Virtual experiences” will explode - once the current rollout of 5G blankets the planet. Faster processing means more realism and interactivity between the software and the players. More creative content. Extreme personalization. We’re on the verge of experiencing a tech advance in gaming that will have a profound effect on society.
No longer is the gamer stereotype one of a young, geeky character. Gamers of today are from a cross-section of society. Thanks in great part to the proliferation of apps bringing the experience to mobile devices.
The addictive quality of online games is just as fierce. Maybe more so. Already we see the strength of its pull. The number of eSports players, teams and fans is FAR surpassing conventional sports. Massive communities are now a crucial component of the gaming experience. Even the uninitiated are getting in on the “action” through betting platforms. Instant cash rewards solidified on the backbone of blockchain is imminent. Yes, the gambling aspect is pairing with the addictive aspect of competitive games. No surprise here either.
Essentially we’re witnessing a clone of traditional, physical “sweat and tears” sports being born. It is forming in high-res, multi-dimensional, digital format – far better than the “real” thing – and further past the edge of fantasy than you can imagine.
GoodFirms April 28, 2022, 17:30 GM
5G Turbocharges Gaming Speeds and Spurs Cloud Gaming Developments
Metaverse Will Power the Future of Online Gaming.”— GoodFirms Research
WASHINGTON DC, WASHINGTON, UNITED STATES, April 28, 2022 /EINPresswire.com/ -- GoodFirms, a global IT research, ratings, and reviews platform, recently published its latest study -Online Gaming: Trends and Market Opportunities.
This research from GoodFirms explores the top trends and opportunities ruling the online gaming industry in 2022. It also covers the technological advancements that influence video games' future and affect the gaming experience. The research specifically focuses on the top challenges the industry faces and what the future holds for it.
The report begins with an overview of the online gaming industry, and how it's adopting structural, technological, behavioral, and economic shifts. AI, blockchain, and AR/VR are grabbing new ways to deliver gaming services to end-users and taking the gaming user experience to the next level. The industry has also leveled up its earning potential.
"New-age monetization methods such as games as a service (GaaS) subscription models, in-game advertising, in-app purchases, etc., are enabling gaming developers to earn more than ever before," says GoodFirms. GoodFirms' research further explores the top trends ruling the gaming industry, such as the Experience-Centric Regime With AR/VR, Metaverse, E-sport, Gamification, Cloud Gaming, etc.
The report identifies the market opportunities in the online gaming industry based on the latest market trends and states that the leading gaming corporations are making it a priority to provide players with the greatest possible experience. "Market opportunities includes, social & cultural significance, ludic strategy in education, a leadership simulator, marketing the health benefits of online gaming & developing high-end gaming platforms for the Gen-Z players," asserts GoodFirms
The study also covers the major industry-specific challenges like monetizations, cybersecurity, etc., and further mentions the solutions to keep up with the latest technological advancements. GoodFirms concludes that the online gaming industry will provide users with more realistic and fully immersive simulations with further advancements in Metaverse and blockchain technology.
Key Findings:
– With the ascent of artificial intelligence (AI), augmented reality (AR), and mobile marketing, the world is slowly turning into a gamers' heaven.
– Organizations are continuously releasing new games and content due to the wide assortment of virtual reality headsets presently accessible.
– Limitless internet plans and extended 5G coverage are gradually becoming the norm worldwide, providing mobile gaming a significant boost.
– AI that adapts hyper-personalization and recommendations improves client experience, increases immersion, and creates a personalized gaming experience.
– Cloud Gaming eliminates the need for consistently buying new hardware to play the latest games.
– The Metaverse has the potential to merge attention, census, and locus to transform online gaming into an interactive three-dimensional platform.
– Mobile gaming can reach an extensive crowd.
– Playing games with coworkers or students strengthens bonds between people and fosters acceptance.
– The mobile esports companies host competitions in different parts of the world, attracting a more significant esports viewership.
– Blockchain is changing the online gaming ecosystem.
About the Research:
GoodFirms Research - "Online Gaming: Trends and Market Opportunities" attempts to explore the key trends in online gaming and identify business opportunities in the booming online gaming industry. The study also identifies the major challenges the industry faces and the health benefits of gaming for people.
To view the full survey report, including additional insights and participant demographics, please visit:
https://www.goodfirms.co/resources/social-media-marketing-trends-and-predictions
For the source article visit: https://www.einnews.com/pr_news/570298820/top-trends-and-market-opportunities-for-online-gaming-goodfirms-research-2022