Online gaming, or E-Gaming, has now grown into an industry
that stands on its own. The online gaming scene exploded into the mainstream
and made a massive impact on the markets and stakeholders. With further new
games being made and new technology such as VR being implemented in the gaming
world, there will be a massive rise in the gaming industry.
With its current growth, it is estimated that the gaming
industry will reach $196 billion by 2022. It is one of the fastest-growing
industries on the planet. The value of online gaming is larger than other
traditional forms of entertainment like music, tv shows, and movies combined.
Though online gaming has been around since the 1990s, it gained popularity in
the 2000s. The shift of online gaming on mobile phones also did a whole lot of
good in the industry.
Esports competition also opened up a lot of new employment
opportunities to the people. Esports is just a small segment in the whole
online gaming ecosystem. This single segment of this vast ecosystem makes billions
of dollars alone. The jobs on offer are high-paying. The other segments in the
gaming ecosystem include retailers, distributors, developers, streaming
services, gaming arenas, game publishers, etc.
Mobile gaming is now being in the spotlight. Games like PUBG
Mobile have immensely increased the mobile gaming trends, and there are now
Esports tournaments held just for mobile games. Mobile game development is
strongly considered the next big step for gaming, and a concept of the
pocket-friendly console is also being contemplated. With Nintendo Switch, a
possibility of a compact yet powerful console is seen. Other than mobile
phones, Virtual Reality, Augmented Reality and Cloud Gaming are also the next
big thing that can change the whole dynamic of the gaming industry forever.
Take a look at the following infographic to visualize the
value of the online gaming industry.
Infographic by: visualcapitalist.com
