Video Games Are Taking Over the Entertainment World
By Space Coast Daily // November 19, 2019
Video games have now become an irreplaceable part of our day to day lives. There are more than two million gamers around the world and video games generated $119.6 billion in revenue in 2018.
With the advancement in technology, people can even play casino games on the go in online casinos, such as onlinecasinolondon.com.
The video games market could become a $300 billion industry by 2025.
Why video games have become so popular?
In recent years, a number of gaming platforms have emerged in the market. More than 7000 games were released in 2017 on Steam, the popular online game store for PC gamers.
Growth in the supply of games ensures that everyone will find the game that they want to play. Games such as League of Gods and Fortnite have a more creative design and they have done more to bring female gamers to shooter genre than any other game in recent years.
With the advances in graphics technology made by companies such as NVIDIA and Advanced Micro Devices, games are getting more cinematic and offer a seamless as well as immersive gaming experience to the players. These games have engrossed millions of gamers around the world because of their sheer entertainment value.
Millions of players visit Twitch and YouTube every month to watch their favourite sports event or watch their favourite gamers play games.
Twitch has become one of the most popular sites in the world to watch others play video games. The platform has been working continuously to attract non-gamers and new streamers to its community.
Twitch has also introduced Twitch Studio, an app designed to help new streamers set up their own streams in open beta.
“If novice streamers want to go live and share their passion with other people around the world, they should be able to do so with our full support,” said Twitch’s blog post on the release of the app.
The platform made 75.6% of the live-streaming market in Q3 of 2019, while YouTube gaming made 17.6%.
Some popular gaming streamers have switched to a Just Chatting stream in order to engage with their gaming community. Popular gamers are also using this platform to offer content that isn’t pure gameplay.
Shows centered around doing some art or cooking are already popular on live-streaming platforms.
The rise of esports
Esports or electronic sports is a type of competition that involves the use of video games. The most popular genres played today are multiplayer online battle arenas, battle royales and real-time strategy games.
As various competitions are being organized in different parts of the world, being a professional gamer can be a lucrative career.
A huge amount of money is given to gamers if they win in such events. For example, the prize pool of the recent Dota 2 tournament reached $34 million.
The rise of esports has drastically changed the picture and helped the gaming culture to grow from a niche community to a spectator sport.