Over the past few years, the gaming industry has experienced remarkable growth and change. By 2025, it’s projected that the global gaming market will reach an impressive annual revenue of $268.8 billion.Today’s games, far from the pixelated graphics of the past, deliver lifelike experiences, thanks to the advancements in sophisticated technologies.
Interested in the forces behind this shift?
Explore this article to learn about the six tech trends that will shape the gaming future in 2024 and beyond.
What does the gaming industry look like at the moment?
The evolution of the gaming industry is a testament to technological advancement and changing consumer preferences. Its commercial origins can be traced back to the 1950s when gaming was considered a technological anomaly. From the initial gaming consoles attached to televisions, the industry transitioned to computer games and later underwent a significant transformation with the advent of internet and mobile games.
The recent surge in mobile gaming can be attributed to various factors, including the social interaction needs during the COVID-19 pandemic. This surge has propelled the industry’s rapid development.In 2022, the global gaming industry witnessed a record year with over 1300 deals, amounting to a disclosed deal value of $127 billion.
As of 2023, several mobile and online games have reported impressive earnings, emphasizing the industry’s resilience. For instance, Honor of Kings, a Chinese MOBA, led with a revenue of $864.32 million, followed closely by games like PUBG Mobile, Candy Crush Saga, Genshin Impact, and Roblox.Traditional gaming powerhouses like Nintendo, Sony, and Microsoft continue to innovate in the console domain. Simultaneously, tech giants such as Google, Apple, and Meta are venturing into games that harness cloud and AI capabilities.As we look to the future, emerging technologies like advanced 3D graphics, the metaverse, AR/VR, and blockchain are set to redefine the video gaming landscape.
1. AR/VR gaming
Augmented Reality (AR) and Virtual Reality (VR) are raising the stakes for companies building immersive mobile gaming experiences. While VR gaming has been around for longer, AR gaming has blossomed more quickly. VR is still a niche gaming segment, expected to enjoy its big moment over the next ten years.
2. AI in gaming
AI has a significant role in enabling developers to deliver console-like gaming experiences across multiple devices such as smartphones, tablets, and smart TVs. Whether it’s racing, strategy, or shooting, any game can have features enabled by AI.
