The gaming industry has come a long way from being an obscure area, and has now emerged as one of the mainstreams in entertainment globally.
Emerging gaming trends have big implications for business revenue streams — transcending the medium entirely with new technology and business models.
The technology is leading opportunities for everything from gaming companies to non-gaming businesses looking to add new revenue streams and digital audiences.
Read on to learn about how businesses can use modern gaming trends to help them with their business revenue streams.
The Rise of Gaming: A Multi-Billion Dollar Industry
From mobile gaming, esports through to cloud gaming and VR, the industry has thrived far beyond just console and pc-based video game experiences.
Newzoo has said that mobile gaming will drive over 47 percent of the overall figure, taking the games industry to more than $200 billion by 2025.
The main drivers behind this growth are the increased access to the internet, smartphone penetration and a change in gamer demographic.
Microtransactions and In-Game Purchases: Direct Revenue Boosters
The biggest income generators are microtransactions, which means purchases of in-game items such as character skins, weapons or even actual characters.
The model is especially successful in free-to-play games, where the game can be downloaded for free, but players spend cash on upgrades or customizations.
The Shift to Cloud Gaming: A New Frontier
Cloud gaming enables you to play your favourite games over the internet without the need for expensive hardware like a gaming console or high-end PC.
The thing is, many big companies, like Stadia, Luna and xCloud too — found out about the benefits of cloud-gaming and wanted to take part in this action.
Virtual Reality (VR) and Augmented Reality (AR): A New Way to Engage
The advancements in VR and AR technology have taken gaming and digital interaction to new levels.
VR provides a deep dive into gaming experiences through headsets such as Oculus and PlayStation VR, and AR seamlessly combines digital elements mastered in the real world.
However, these days money making games also use VR and AR technologies. If you want to get an ideal gaming environment, select platforms like 66lottery.in.
Esports: The Future of Competitive Gaming
Competitive gaming, esports, and streamers are some of the quickest-growing factions of video gaming.
Sponsorships, merchandise sales and ticket sales for events as well as streaming platforms are expected to push the industry to $1.62 billion by 2024.
The Role of NFTs in Gaming: A New Era of Ownership
Gamemakers that embrace non-fungible tokens (NFTs) are willing to trade unique items, including characters and virtual real estate.
And a new wave of gamer-run marketplaces is emerging.
Through the use of blockchain technology, players are actually able to own their digital items and sell them for real money.
The Growing Impact of Mobile Gaming
Cheap smartphones and the rise of app stores have contributed massively to mobile gaming.
There are many PC games that are now available for mobile users like COD, PUBG, etc., which have an impact on the global gaming market.
Influencer Marketing in Gaming
Two forms of communication among gaming enthusiasts are moving in opposite directions.
From chat on the street to vlogs by broadcasting organisations, through offers for new gadgets or workshops, and undesirable recommendations.
Monetizing Gaming Communities
They are not gaming communities, where people love to post about their favourite games and spend time discussing the game and strategies on social media platforms.
So, that’s all we have for you about Gaming Trends Boost Business Revenue Streams. We hope that this guide has helped you.
