Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

The gaming world is booming

The gaming world is booming

The gaming industry has welcomed 500 million new competitors in the last three years and is set to continue to grow with hundreds of millions of new customers in the next ten years

The world of gaming is forever evolving and with it comes new gamers. The sector has welcomed 500 million new competitors in the last three years and now the value of the global gaming industry exceeds €250 billion, according to a new report by Accenture. It is safe to say the market is booming.

GAMING BECOMES MORE POPULAR DURING THE PANDEMIC


During the last year and a half with the COVID-19 pandemic, people have had more time on their hands at home, and with a lack of mobility, gaming quickly became one of the most popular activities. In fact, there was a huge surge between February and April 2020 during the first lockdowns.

Paul Hurrell is an award-winning Games Designer and producer for Neon Play. He said, “At the minute it’s actually quite an exciting time for us because understandably over the last eighteen months or so, people have found they’ve got a lot more time on their hands, a lot more time at home. So being a company that makes mobile games, people are spending more time on mobiles so we’ve actually seen demand go up which has been great to see. “

NEW TECHNOLOGY AND CHOICE


As well as smartphones, there has also been a rise in new gamers because of new technology developments such as virtual reality providing world experiences.

It is not just people sitting at home on their devices who are driving the industry growth but also corporate activity in video games, esports, cloud gaming, and online competitions.

Ahmad Al-Meghessib is an international esports star and professional footballer. He said he plays the games to provide the designers with potential ideas for improvements.

"We will try the game, give our feedback. And then they see our feedback, they take our feedback seriously and try to manage with the game and hopefully deliver us a better version than last year."

Iraqi iKurd esports team playing a PUBG mobile tournament


Khalifa Al Haroon is Mr. Q and he has a huge online fanbase. He has millions of viewers from his informative videos about Qatar and culture, to more than 2.7 million subscribers on his unboxing channel ‘Raqami TV’ which is one of the world’s largest online tech channels that showcases state of the art gadgets.

Mr. Q said people want to customize their own things so companies are providing different options so there is more of a choice.

"I definitely think that the customization and modularity is something that everybody wants. So of course when people pick something with RGB lighting it’s not meant to be constantly in the rainbow mode but it’s supposed to give you options so you can select a color that represents you."

CAREER CHOICE


The industry has also become a career choice for some young people. Hurrell said there's a lot of people like him who've been playing games since they were toddlers.

“There’s now a new wave of people like myself who’ve been playing games throughout their childhood. And when they get to adulthood and decide what career they want to go into they choose games because firstly it’s exciting to work on something that you’re passionate about but also it’s a big industry and there are opportunities here."

GAMING WILL CONTINUE TO GROW


Ted Pollak, Gaming Analyst says gaming's popularity will always continue to increase. “What we’re seeing is that there’s probably fifteen years of natural, what I call free growth."

Lisbon, Portugal Moche XL ESports


"And advanced gaming costs a lot of money," Pollak added. "People spend five hundred dollars a year with the high-powered PCs and the good consoles. We’re talking about hundreds of millions of new customers in the next ten years."

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Druzhba Pipeline Incident Sparks Geopolitical Tensions
Cost of Opposition Leader Péter Magyar's Economic Plan Revealed
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
Budapest Central European Fashion Week Kicks Off
U.S. Celebrates Labor Day
Hungarian National Team Captain Scores Epic Goal
EU is getting aggressive: Four AfD Candidates Die Unexpectedly Ahead of North Rhine-Westphalia Local Elections
Japanese Customer Sways from VW to BYD after “Unbelievable” Test Drive amid Dealership Expansion
Nestlé Removes CEO Laurent Freixe Following Undisclosed Relationship with Subordinate
Pickles are the latest craze among Generation Z in the United States.
Giuliani Seriously Injured in Accident – Trump to Award Him the Presidential Medal of Freedom
Deadline Day Delivers Record £125m Isak Move and Donnarumma to City
Nvidia Reveals: Two Mystery Customers Account for About 40% of Revenue
Woody Allen: "I Would Be Happy to Direct Trump Again in a Film"
Lula and Putin Hold Strategic BRICS Discussions Ahead of Trump–Putin Summit
White House Eyes Budapest for Peace Talks
Cave Diving Beneath the Streets of Budapest
Another American Restaurant Chain Opens in Budapest
Hungarian Opposition Politician Supports Ukrainian Commander
Opposition Leader Threatens Media Outlets
American Airlines Adds New Flights to Budapest
F1 Hungarian Grand Prix Wraps Up
WhatsApp is rolling out a feature that looks a lot like Telegram.
U.S. Trade Representative says Washington still negotiating trade deals after court rules tariffs illegal
Von der Leyen says Europe drawing up 'precise' plans to send troops to Ukraine
Kremlin accuses Europe of hindering Trump’s peace efforts in Ukraine
×