How technology has changed the gaming industry
Back in January 2015, Fortune magazine reported that mobile gaming is tipping the balance of power in the technology industry. Sure enough, by the end of 2015, mobile gaming was worth US$100 billion. And it continues to grow with gambling said to be at the forefront of this growth.
How have mobile devices changed the face of betting?
The world wide web, smartphones and tablets have changed the face of many industries, from shopping to restaurants. This is true to such an extent that it’s rare to find a business without any kind of digital footprint.
The same can be said of the gaming industry. Mobile gaming rose by 75 percent annually in 2012, which took a long leap to hit 84 percent mark between 2013 and 2015. In light of the growing popularity of online games including casino and bingo games, revenue from mobile gaming has more than doubled in 2014 alone.
Fast forward to 2016 and the revenue from bets placed on mobile devices is predicted to hit $100 billion by the end of the year. Considering that 164 million people across the world use mobile devices to visit a mobile casino, play bingo, or purchase a lottery ticket, the potential for growth in these sub-industries is huge.
Experts predict that by 2018, the mobile gaming industry will constitute 40 percent of the total online gaming market. Amidst a fast changing gaming industry scenario many decried the use of mobile phones for gaming just a few years ago, but the staggering growth is forcing so-called industry experts to eat their words.
Following E3, virtual reality really came to the public eye; the sheer number of game studios looking to introduce the first game that will fully utilize virtual reality was crazy. Oculus Rift, HTC Vine and PlayStation VR were all on show as the gaming world focused on to see the latest releases.
The concept of virtual reality is very simple. Using one of the many products out there, you enter into the game and play the game as if you were in the game, making every gamer’s dream come true of wanting to be part of the plot.
Moving forward, augmented and virtual reality will be the single most important change to gaming as a whole. The user interaction in games will be massive and it will be up to developers to constantly innovate and improve the gaming experience in order to stop gamers from leaving. The possibilities within games will be endless.