There is absolutely no doubting that every area of the gaming industry appears to be set for a very successful future. Whether this be traditional methods of gaming and the likes of PC and console gaming. Or to the online betting world and online casinos. Or to more recent releases and the surging mobile gaming world. Each is part of one-another, and each is proving to be incredibly successful. It is all helping to shape a very bright future ahead with predictions further backing this up.
As mentioned, console gaming is what is now seen as the traditional form of gaming, alongside PC. It is where the competitive form of gaming continues, with eSports. The console gaming market in 2020 had hit a revenue of $51 billion, which continues its rise in the last decade. But it is not set to stop there, and predictions now show that it is set to rise further and surpass $60 billion within the next few years. This further shows great success, with both the Xbox and PlayStation being key factors behind this. Each also brought out new next generation consoles in 2020 and each proved to be incredibly successful, with the PS5 release being the biggest yet.
We want to thank gamers everywhere for making the PS5 launch our biggest console launch ever. Demand for PS5 is unprecedented, so we wanted to confirm that more PS5 inventory will be coming to retailers before the end of the year – please stay in touch with your local retailers.
— PlayStation (@PlayStation) November 25, 2020
The casino industry is another area of gaming that has also continued to evolve. We are seeing more growth than ever, with more operators entering the market space and are available for play at all times. It has led to more offers and promotions available for players, helping to drive the popularity and traffic to the sites. Virtual reality is also now being released and is set to further increase the growth and success of online casino.
Finally, and more important than any others are mobile gaming, which has now completely taken over and holds over a 60% share of the entire gaming revenue each year and this is only expected to increase by more and more over the coming years, with predictions backing this up. 240 billion was spent on mobile gaming in 2020 alone, further showing the importance that gaming now has on people’s lives. The future is clearly bright, and it will be fascinating to see whether the gaming industry is within the next decade.
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