2020 has seen a remarkable rise in popularity for the gaming sector and predictions are that this is set to continue for years to come. It has resulted in gaming being one of the fastest growing industries in the world. 2020 and the coronavirus has further accelerated this, with lockdowns enforced around the world, which has meant a major surge in numbers on different online entertainment platforms. This on top of the already major upward curve, has resulted in this overall major success for the gaming industry.
All different areas of the gaming sector have been seeing an increase. Console gaming is one of the more traditional methods of gaming and is set to increase from $40.6 billion in 2019 to $57.9 billion in 2020. This further shows the rapid increase across the past 12 months and how these lockdowns have further impacted this. Recent consoles have also now been released from both Xbox and PlayStation, which are both next generation consoles. These are expected to take console gaming to new heights, and we could yet see the figures increase further in 2021.
Another key area of success in the gaming industry has been with casino-based platforms. There are usa casinos accepting uk players, which are an example of the new opportunities that are arising for players and adding to the growth in the numbers of players, with great offers and bonuses available. Many of these online casino platforms have also provided a great means of online entertainment throughout these lockdown periods of 2020, which is why they have seen a major increase in numbers. Sports were also cancelled for a period of time, which further added to this and this trend is now set to continue moving forward. The growth of the overall market has been vast in 2020 and more and more players are also moving over to online platforms, from land-based establishments. We could yet see several land-based establishments closing within the near future, due to this new trend of online growth.
The final area to mention has to be with mobile gaming. It has now completely taken over the overall gaming market, with a share of around 60% in overall revenue in 2019. This has increased further in 2020 and will continue to do so moving forward. There are now a remarkable 1.36 billion mobile gamers world-wide, which is why we are seeing this staggering growth. It all sets up for a very exciting future ahead for the gaming industry.
Source: https://techcrunch.com/2019/08/22/mobile-gaming-mints-money/
