As perennial fear-mongers pivot their negativity toward AI and besmirch the inevitable changes it will bring, specific industries remain unphased, either using the technology to their advantage or plowing on, regardless.
Gaming falls into the latter category. Half a trillion dollars is such an unfathomable sum, but in less than a decade, the gaming industry will be barreling toward it at an unstoppable rate.
The benchmark figure of $400 billion is a conservative estimate for many, with other economists and gaming analysts believing it might clear $600 billion.
Obviously, with so much money involved, dozens of global factors will play a part – and we will drill into some of these elements to try and give you some insight into why these predictions are so hopeful and why so many gamers are incredibly optimistic.
Casino Gaming Propping Up the Market
To truly understand where the gaming sector is heading, we must dice it into a few key areas. Casino gaming, online console gaming, VR, and AI are widely considered to be the four driving forces that will spearhead gaming as an industry with one of the brightest futures within the global economy. Including casino gaming or gambling definitely helps to push up these figures.
Casino companies have been utilizing elite graphic design, especially in slot gaming. Daily Spins uses an array of the latest developments to capture slot gamers’ imagination. Still, it’s not just the design of slot games that have benefitted from this.
Online roulette and blackjack games have enhanced their graphic designs, too, but slot machines rely more on these mechanics than classic table games, which remain largely the same, with fewer changes.
Thanks to a beneficial blend of looser legislation in the US and millions of gamers joining the market via their mobile phone, it’s worth hundreds of billions. By 2030, some experts believe it could surpass $1 trillion.
Console Gaming
Online gaming has helped home video consoles experience a new dimension of success over the last decade. As VR gaming and blockchain gaming look to continue innovation in the global sector, an imminent cryptocurrency bull run is seemingly on the cards, given such significant adoption in prominent global economies.
Sony and XBOX continuously churn out new titles and designs for millions of gamers. There seems to be a relentless conveyor belt of ideas.
With the imminent gaming asteroid of Grand Theft Auto 6 set to grab global headlines upon its release within the next 18 months, there are a lot of individual facets that mean console gaming will play a massive part in this boom.
Technological Considerations
Console gaming and casino gaming both rely heavily on the latest tech, but there are more significant tech changes that will provide disruptive innovations in gaming.
We poked fun at those who believe AI is an impending disaster in our opener. While there are reasons to be cautious, gaming will be in a prime position to use the two most enormous technological advances to their advantage – artificial intelligence and virtual reality.
Virtual reality is currently in a precarious position. Despite a substantial initial buzz, it has fallen by the wayside, especially compared with AI. It hasn’t helped that technology companies like Nvidia are bigger than both Amazon and Google.
Gaming companies want to get their hands on the cash piling into the industry. By designing games that either cater to AI technology or benefit companies operating at the industry’s zenith, we expect to see gaming companies begin to implement more AI and VR designs over the next six years.
Final Thoughts
Experts have weighed up all the considerations we’ve touched on today. By dissecting the figures and piecing together potential scenarios, plenty of solid indicators point toward an expansive gaming sector that will stretch far beyond 2030.
While there are broader economic and cost of living issues to consider, the point remains that gaming has more than enough popularity and ingenuity to continue innovating.
Even if market downturns or game consoles and titles have disappointing sales, the market continues to grow as newer generations of gamers enter it.
The difference between $400 and $600 billion is enormous, but this is the scale that most analysts agree on. Pending that the global economy stays relatively steady and gaming companies can implement and utilize the latest technological developments, there’s no reason it shouldn’t fall within this scale or potentially surpass it.
