The mobile gaming industry is currently boosting the world economy with numerous growth prospects. Every statistical report is backing this fact. For instance, a report of Globe News Wire has mentioned that by 2028, the global market value of this segment will reach the mark of $214.61 billion which is a massive growth from the previously estimated figure of $97.81 billion in 2021.
Now! If you want to make your presence in this profitable and creative industry, you have to closely observe the latest industry trends. Besides, you also have to explore cutting-edge technologies with help of a professional game development company. It will eventually help your business to stand out in this competitive market. This post is mainly going to focus on the current trends that will determine the progress and growth of the mobile gaming industry in 2023. So, without delay let us proceed to know about these trends properly: 1. The Rise of Blockchain Games Blockchain games will witness rapid growth this year due to the terrific success of Web 3.0 gaming platforms like Roblox, Gods Unchained, Illuvium, Decentraland, etc. In fact, many enterprises have started the process to introduce such games with the help of a professional mobile game development company. The ROI (Return on Invest) will be pretty impressive from blockchain games as by 2027, the global market value of this segment is projected to reach the mark of $65.7 billion (Source: Markets and Markets). 2. On-Demand Gaming Platforms will Grow As people are becoming more attached to the world of mobile gaming, industry experts are constantly exploring new options to satisfy this rising demand. The arrival of cloud technology has provided them with a cost-effective and result-oriented option to handle such a growing gaming craze. It has resulted in the emergence of game streaming platforms like Twitch, Amazon Luna, Nvidia GeForce Now, etc. that allow users to access and play games directly without installation. You just have to pay a monthly, yearly, or quarterly subscription amount to access your favorite games quite smoothly. 3. Gaming in Metaverse will Gain Momentum It is a very attractive segment at the moment where your chances to attain dividends are not just restricted to gaming but also creating and monetizing earned assets with the help of blockchain technology and NFTs. Moreover, in the Metaverse, you will also have the chance to play Augmented Reality and Virtual Reality games within this amazing 3D world pretty conveniently. Apple, a reputed tech firm, is presently working to allow players to instantly switch between the worlds of AR and VR with the help of its headset item known as Reality Pro. 4. Rise of Hyper-Casual Games These games will also continue to witness surplus demand with time. It is because to play these games, you do not have to acquire special skills. At the moment, the global market value of this gaming segment is above $2.5 billion (Source: Iron Source). Hence, you have to establish contact with a reputed mobile game development company. It will help to grow your business in this gaming segment quite smartly and efficiently. 5. More Effort on Cross-Platform Game Production This form of gaming lets you engage a vast audience base which ultimately results in massive revenue generation within a short time. As the technology is progressing, you do have the chance to boost your income in this gaming segment by serving users with new story plots, characters, mechanics, levels, rewards, etc. What is the Future of Gaming in India? India is emerging as the latest hub of the mobile gaming industry. This has gained momentum with the massive improvement in digital infrastructures by the government with the ‘Digital India’ campaign in 2016. Besides, states like Uttar Pradesh, Gujarat, etc. are gaining prominence due to the vast mobile gaming population. All these prospects are tempting enterprises to bring out high-quality engaging games with the help of a professional game development company. Final Thoughts The world of gaming is steadily evolving with time. The emergence of advanced technologies and the latest industry trends are elevating the look and feel of mobile games. It has also allowed players to utilize various revenue-generation opportunities to make money from gaming quite impressively. If you are also interested to join the industry of mobile gaming, consulting a professional Android game development company will be very fruitful.
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Dave RichardsI am an independent blogger and also an app and game developer with 9 years of experience. I am a professional mobile app and game developer for both Android and iOS. Archives
August 2023
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