The global gaming machine market was valued at USD 219.8 billion in 2016 and is expected to cross the mark of 280 billion by the end of 2025.
This makes esports and gaming more popular than ever before and shows the growth opportunities that this innovative and ever-evolving industry offers.
The Rise Of Esports And The Popularity Of Gaming
People have been enjoying games for many years, but the rise of esports and gaming really kicked off in 2016. The popularity of these games grew thanks to their increased accessibility via online connections and mobile phones. Mobile phones also made it easier for individuals to participate in events, whether it’s a game or real-life sports, from the comfort of their home.
Additionally, the increased popularity of VR gaming and AR gaming is expected to continue the growth of esports and gaming in the next few years.
Games like Dota 2 have introduced several features to make them more accessible to players, whether you’re an experienced gamer or someone new to the scene. This includes the ability to mute the chat, use a keyboard instead of a mouse and trackpad, and watch recordings of previous games instead of having to wait until the next session starts.
Increased Investment In Esports
The esports industry grew by 23% in 2016, and this is expected to continue in the coming years. This is because investors see the huge potential that this industry offers. Not only do esports and gaming offer great growth opportunities, but they can also become profitable investments. This is mainly thanks to the increased popularity of esports and gaming.
This popularity attracted the attention of serious investors, which led to a rise in esports investments. The number of esports investments increased from a handful in 2016 to more than 50 in the following year. There were also significant increases in the number of esports events and online tournaments.
The most popular games within the esports scene include Dota 2, Hearthstone, and Counter-Strike: Global Offensive. These games offer lucrative trading and betting markets, as well as huge tournament prizes.
Trading And Betting Are Popular Pastimes
Although the majority of esports and gaming fans mainly participate in the entertainment value of these games, the industry also offers lucrative betting and trading markets. This is mainly due to the increased popularity of esports and gaming and the emergence of social media platforms like Twitter.
Additionally, the industry maturation and the increased access to financial markets via online trading platforms has led to more individuals participating in these markets. The trading and betting segments of the industry are thus expected to grow, as more people look to make money from home. Platforms like Twitch have developed a reputation for promoting entertaining content while also providing a profitable environment for content creators. The combination of big-name gamers and entertaining content has driven an increase in engagement and retention rates, resulting in greater visibility and potential for monetization.
The Future Of Gaming And Esports
The future of esports and gaming is very promising. Not only do these industries offer great investment opportunities, but they can also become profitable and thriving industries in their own right. The popularity of these games will continue to grow in the coming years due to their increased accessibility and the incredible flexibility of mobile devices. Mobile phones also make it easier for individuals to participate in events, whether it’s a game or real-life sports, from the comfort of their home.
Additionally, the popularity of VR gaming and AR gaming is expected to continue the growth of esports and gaming in the next few years.