Online gaming

Online games in 2023 and beyond

The online gaming market is growing at a steady pace. According to PwC’s Global Entertainment and Media Outlook 2022-26, the video game industry is expected to continue its exponential growth, with an estimated value of $31 billion by 2026. The market was worth $203.12 billion. end of 2020. This means that as we approach 2023, online games are more popular than ever.

One of the major drivers behind the huge market growth is the ever-growing mobile gaming market. According to AppAnnie in their State of mobile gaming in 2022 report, there was a total of 230 billion mobile game downloads in 2021, compared to 80 billion in 2020.

The same report reveals that gamers spent $170 billion on mobile games alone in 2021, spending an average of 4.8 hours per day playing mobile games in 2021. These numbers are all up significantly from the previous year, showing the continued growth of the market. Perhaps the most interesting and significant increase is the amount of time users spend playing mobile games each day. 4.8 hours shows a growth of 30% compared to 2020 and represents ⅓ of daily standby hours.

Casual games have the highest download share (78%). For base games it’s 20% and for casino games it’s 2%.

These are some important figures that highlight the rapid growth of the mobile and online gaming market and China continues to be the biggest market when it comes to online gamers.

Find out more about the top ten games of the last 10 years in a recent article.

According to Accenture “Gaming: The Next Great Platformstudy, there are more than 2.7 billion online gamers in the world and China takes the lion’s share, with 929 million online gamers in China (35%). The US is the second largest market for gamers with 219 million (8%), followed by Japan with 75 million (3%) and the UK with 40 million (1%).

Another driver of online gaming growth is the development of tight-knit gaming communities. Although gamers may seem to spend a lot of time alone, they have actually developed online communities that actually help create a more social environment for gamers.

According to the Accenture study, video games help create virtual connections around the world:

  • 84% of players say that video games allow them to meet people who share common interests
  • 80% of players believe that video games allow them to to meet new people
  • 77% of players find that video games help them keep in touch with friends

Social gaming is a growing trend that is expected to grow as we move forward into 2023 and beyond, helping to further develop the online gaming market.

Online Gaming Trends for 2023 and Beyond

With the increase in the number of social gamers and people using their mobile phones as their primary device for gaming, it is perhaps unsurprising to see some of the trends for 2023 and beyond in online gaming listed here. -below. New technologies are also a big driving force in the industry, and this not only helps take online gambling to the next level, but it also helps provide more secure platforms for online gamers.

Game events

A more social online gaming community not only drives gaming events, but also helps break down traditional gender and age barriers. Online gaming events are for everyone and events like E-Sports competitions attract gamers of all ages, genders and nationalities. These huge global events are often streamed live on platforms such as Twitch and are seen by millions of people around the world.

game on demand

Driven by the movement towards the development of cloud gaming, on-demand gaming allows users to play any game wherever and whenever they want.

Your game is hosted, stored and run on remote servers in one or more data centers with sufficient power to give you the best possible gaming experience. Google Stadia and Shadow of Blade are two great examples of cloud gaming that let you play on your phone, tablet, laptop, and other platforms depending on your subscription.

Virtual and augmented reality

Virtual reality and augmented reality are two ways to play online that are already well established thanks to games such as Pokemon GO, Harry Potter Wizards Unite and Jurassic World Alive.

Virtual reality headsets have helped take this trend to the next level and Oculus, Vive and PlayStation Virtual Reality (PSVR) have all been around for five years or more.

It’s a trend that’s set to continue in 2023 and beyond, allowing users to fully immerse themselves in their favorite games. The ability to create virtual experiences through apps has been a big game-changer in the gaming industry. Betway Casino, for example, will transport you to tables in Las Vegas or Monte Carlo and their new casino app enables real-time gaming. real with live dealers streamed in HD straight to your device.

Summary

The online gaming industry is currently experiencing exponential growth and it is fascinating to see how major gaming software developers are embracing new technologies to improve the gaming experience of millions of gamers around the world.