What Are The Trends In The Global Digital Gaming Market?

By Author: Andrew Thomas
Total Articles: 19
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Video games have been a pleasant distraction and a great leisure activity for young adults and kids for years. Digital technology has worked wonders to improve user experience and made the activity more interactive. The rise in the number of gaming enthusiasts, smartphone and internet penetration and new technologies has led to the immense growth in the digital market industry globally and enhanced the gaming experiences.

The digital gaming industry has witnessed phenomenal growth in recent years, thanks to smartphone and internet proliferation. According to leading analysts, the global digital gaming market is expected to reach approximately USD 272.2 Bn by 2022, expanding at a compound annual growth rate (CAGR) of 18.97% during 2017-2022.

Some of the biggest digital gaming trends have had a significant role to play in the phenomenal global digital gaming market growth story.

Top trends that are changing the global digital gaming scene:

1. Digital distribution of games: there is no need ...
... to purchase the physical copy of gaming content as it is now delivered in the form of digital information. Large companies have created platforms for digital distribution and this is the most prominent trend right now.

2. Adoption of AR and VR in games: Virtual reality (VR) and Augmented Reality (AR) are among the most popular trends being made available to the customer at affordable prices. The best part about VR technology is that the users feel lost in the fantasy-like, surreal gaming world. VR developers are soon going to release commercial VR-based gaming consoles and headsets in the market. AR is easily implementable and is the best alternative for those not completely smitten by VR. Bringing the gamers pretty close to the unreal world, AR technology blurs the difference between the real and virtual world and users can create digital images with objects not present there.

3. The rise of e-sports: E-sports is a competitive video game segment, where gamers compete with fellow gamers in an online environment, viewed by a large audience. Videogames associated with e-sports are a real-time strategy, first-person shooter and multiplayer battle arena. The craze has grown to such an extent that young adults are hiring tutors to improve their skills and gain scholarships for colleges that offer video game developing courses! E-sports have become so popular that market leaders believe that it can truly compete with real sports and can even gain a spot in the Olympics.

4. Mobile gaming: While the whole industry is on a high, the global digital gaming market forecast suggests that millennials are turning to their mobile phones for entertainment and mobile gaming is slowly gaining popularity. Mobile games enable gamers to play on the go and have disengaged gamers from a one-room console and small screen experience.

5. Splendid HD graphics: videogames have moved on from proving 8-bit graphics for gaming, the advent of cutting-edge advanced technology lets the gamers immerse themselves in a semi-realistic gaming experience teamed up with high-quality imagery and superior graphics. Vivid colors, vibrancy and crisp visuals of 4K displays, you can take your gaming beauty to all-new extremes.

Increase in mobile gaming, rapid technological advancements, adoption of VR and AR are collectively working towards ensuring a bright future for the global digital gaming market.

Written by a content marketer who keeps updated on industries for market research purposes and studying them.