Who would have ever expected the gaming industry to grow into what it is today? Once upon a time, we were playing games at the local arcade, dancing on dance mats, and smashing personal bests on PAC–MAN. Now the industry is worth billions of dollars and is ever-growing. As GMR build their very own platform for gamers by gamers, they have taken a look at just how valuable the gaming industry is today. Including the influences, this has over other areas of life.
A Brief History Of The Gaming Industry
From humble beginnings, the gaming industry started out back in the early 60s, when the first prototypes were created. Following this, early arcade games moved into production. Gaining their popularity in the 80s as teens and tweens headed to their local arcades to enjoy some short-lived gaming battles. Once arcade machines were installed in various locations across the globe, the gaming market was soon recognized for its profitably, making more than both the pop music industry and box office by 1982. At this time the likes of Nintendo, SEGA, and Sony dominated the market.
What Is The Gaming Industry Worth Today?
Today, the global gaming market is estimated to be worth around $170 billion. With multiple companies taking a slice of the pie. This is a huge industry providing many with a healthy annual salary and gamers with regular gaming releases and new tech. This figure is certainly not expected to fall anytime soon either. With experts and financial analysts expecting this figure to rise by almost 10% in the next few years!
The Lives Of Players And Gamers
Not only is the industry a huge moneymaker, those directly involved with the industry feel they gain more than just entertainment from gaming.
You may not think of gamers as the most social of human beings, but many claim to have made life-long friendships from playing video games with strangers across the globe. Not only is this a great way to connect with friends and family, but sites like are dedicated to bringing together communities of people from all over the world.
Others believe gaming helps to improve their mental well-being, allowing them a chance to escape reality and relieve feelings of stress in a virtual world. Which defies the views of some, who believe that gaming encourages antisocial behavior.
Gaming doesn’t consist of individuals hiding out in bedrooms playing video games. Communities of people have been created as a result of the growth of the gaming industry, proving just how valuable this is, not only to markets but to society too.
Predictions For The Future Of Gaming
As the gaming industry gets bigger and bigger, it can be hard to imagine where it will go next. With the introduction of new releases each year, we’re never far from the next craze and latest futuristic technologies.
It is expected new technologies will shape the future of gaming, including virtual reality and artificial intelligence, molding the future of video games and online gaming. Gaming will continue to become more mainstream as we push further into the 21st century. But what would you like to see next?
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