Today’s Gaming Business currently stands around 165$ Billion as per 2020 Statistics. After 2020 Covid Pandemic, the rise of Internet users has boomed online presence and it seems like a never ending market.
History of Gaming Industry:
It all began entering the public market since 1972, the first game machine know as Arcade Games. Huge Bulky machines kept in Gaming Parlours and Public places which required gaming coins to play. This became a huge hit. Catching eyeballs and attracting all ages to play. The addiction of gaming has just began after TV (Television) Industry. TV’s were meant to watch where these Arcade machines had Joystick and Button which became interactive toy. This gave people the power to PLAY and get Involved.
Now, Enter the Console Gaming in the market, which upgraded the gaming fans to a whole new level of comfort and ease of availability. This was florishing the gaming fans with their own personal gaming consoles they can buy easily much cheaper than big bulky gaming arcade pubs. This evolved the mindset of common public and giving them new enjoyment sitting indoors. Gaming fans demanded newer and more variety of games. Lots of gaming developers and companies were established with this trend.
Here begins the age of Computers and PC, which could do a lot more than gaming. It became a necessity for all. Everyone started buying computers and age of Internet also began after few years. Where console gaming kept evolving with dedicated games that supported higher graphics and speed where PC gaming required a heavy upgrades which eventually became a entry barrier due to cost of hardwares.
ERA of Internet and Mobile Gaming:
Mobile gaming boosted the gaming industry and the entry barrier for many users was solved. Though PC gamers and Console gaming was in trend, but Mobile gaming like PUBG and lots more bashed the earnings of most famous game CALL OF DUTY in PC. The Call of Duty was ranking highest in earnings from PC gamers but the Launch of Free game and in-app purchases of PUBG gaming left other most PC games behind. Mobile games spread like wild fire across the globe and gaming communities have increased, interactive and more competitive.
Though Mobile Gaming is currently ruling the gaming industry, but with the launch of Fiber Optic Internet and Lag Free Internet ith 5G Connections, CLOUD Gaming will enter the market. Google’s Stadia is already launched since 2019 but due to lots of issues like same speed internet around the world, self developing studios by Google and low interest in the market is pushing down the Cloud gaming. But in Future, Cloud Gaming surely will evolve where no more Regular Updates, no more Patches, Buying new Hardware, etc. will all be gone. A simple Chromecast / SmartTV / Chromebook with decent processor and High Refresh Rate Display will solve cost and upgrade issues. You will need a Chromebook, Faster Internet (5G) and a Cloud gaming account. You are good to go and start gaming.