Games have always attracted people of all ages as a popular form of entertainment across the globe. With days passing science and technologies have progressed a lot and their presence is widely felt in the game development industry. Even in some cases today’s digital games have surpassed the traditional games both in terms of look and feel.
Through this post you will get to know why game development is considered to be lucrative now and how it is expected to boom in spite of the global lockdown owing to the outbreak of COVID-19 pandemic.
Trends and Growth Patterns of E-sports
According to a popular market research company it was earlier expected that considering the current status of game development all over the world it will fetch a revenue of 1100.1 million dollars by 2020. But owing to the coronavirus outbreak things have changed slightly. The same company is of the opinion that by 2020 the revenue generation will stand at 1059.3 million dollars. This shows that even strict confinement in emergency scenarios cannot deter the spirit of game developers and the gamers alike. Hence investors who wish to make fortunes from this realm can feel free to come and invest their earnings to reap more fortunes and popularity.
The analysis of the market research company also shows that from 776.4 million dollars in 2018 the esports revenue growth will reach upto 1598.2 million dollars in 2023.
Why There Is a Sudden Change in the Financial Prospects of the Gaming Sector
Owing to the coronavirus pandemic the entire world is going through a phase of unprecedented and upsetting situations. In spite of the negative attributes it has also brought some silver linings for the gamers and its developers. The esports streaming revenues will grow faster than expected owing to the postponed and cancelled events all over the world. There has been a higher viewership because of the global quarantine and hence new entrants are expected in the market.
The revenue forecast for team streaming is expected to be 19.9 million dollars from 18.2 million dollars by 2020 and it is anticipated to reach around 34.4 million dollars from 31.6 million dollars in 2023.
This can definitely be considered as one of the promising ways to invest in the gaming industry even now.
How Gaming Market Trends 2020 Can Benefit Investors
Investors always look for prospects into those areas for which they intend to put their money in. Game development avenues are no exceptions in this regard. By looking at the financial and expansion status of games and its revenues it is quite evident that investors will definitely look up to the space of game making so that they can receive good returns. But they have to be a bit careful in assessing the genres that have more players attached.
Although all categories of games are created to attract and engage the gaming enthusiasts. But there are only a few that can actually set trends and become globally popular and successful. Investors have to keep an eye on those genres so that their investments become worthy.
Why You Should Invest in the Gaming Industry
Game development is a challenging task and has evolved a lot in recent years owing to the use of advanced technologies and tools. With the increase in the number of smartphone users, the demands for games have also gone up. So to keep pace with the increasing demands companies are coming up with unique concepts and services to enhance the look and feel of the games along with making them exclusive and immersive.
Now keeping in mind the global lockdown phase games have become the sole sources of entertainment for all those who are keeping indoors including both avid and casual gamers. With the extension in this lockdown, games have become more prominent and popular. The above mentioned statistics are compelling enough for investors like you to invest in this business and expect good returns.
Your investment can be a boon for even an established game development company to turn your dreams into reality by being distinctive and delivering customised solutions to stand out.
Conclusion : If you are passionate about technologies and digital games and wish to invest in this industry do not hesitate twice as this is the right time for your profitable income. COVID-19 has indirectly created opportunities for investors to boost the gaming business and entertain the gaming enthusiasts with innovative and unforgettable experience. Even an established mobile game development company needs investment to make games distinguished for the target customers.