Gaming is a field that has grown so fast, people all over the world are now playing video games. As early as 2020, there were as many as 2.69 billion video game players worldwide, and this number is expected to reach 3.07 billion by 2023. Whether you’re a gamer or not, there’s no denying that the field has exploded over the years.
If you’re an investor, investing in the video game industry is one of the best things you can do. But many people worry about the volatility of this market and wonder if they should start investing. Well, here are some of the top reasons to invest in the video game industry.
Mobile Game Development
You don’t necessarily need a computer to be a gamer these days. As time went on, mobile gaming started to gain traction and was actually the fastest growing segment of the entire industry.
In the past 10 years, the number of people owning smartphones has increased, so mobile gaming has started to flourish. Smart devices have become more ubiquitous, enabling more people to play games on their phones. On top of that, gaming apps have become more affordable and people have more disposable income.
Recently, the government has started setting up funds to help game companies develop and improve their technology. Even Ubisoft and other big game studios are starting to invest to boost the gaming space. All of this ensures a very lucrative future for the video game space.
Growth of the global gaming market
The growth of the global gaming market bodes well for the sustainable growth prospects of the industry.
The largest markets for video games include Europe, Japan, and North America, but more have joined the ranks over the past decade. India, Southeast Asia and China are the fastest growing places.
A video game subscription-based model
Many games are starting to move to a subscription-based model. This model has been very successful for TV and music services. Chances are, this happens in games too.
Apple has a subscription-based service and grants users Access to over 100 great games for their iOS devices. Likewise, Xbox and EA Sports have subscription-based plans that allow users to play more than 100 games.
But companies must deliver engaging content to monetize the subscription-based model. They need to regularly fix issues, improve content, and push out strong titles. Also, there is some work to be done when it comes to game subscription-based models.
Even if you’re not a gamer yourself, you’re probably familiar with the Forex Portal. Forex trading is no different than gaming. Similar to games where you have to be careful to win and not lose your life, in forex trading you also need a good strategy so that you don’t lose money in the trade. Forex trading can be fun – like playing a game – if done right.
This should help you understand why investing in the video game industry is not only profitable, but also leads to other people enjoying new technologies and releases. So, if you’re thinking of making some investments in the gaming industry, you shouldn’t wait any longer.