Over the past 5 years, the stocks of video games have been skyrocketing. The share prices of the United States’ major game makers, viz. Electronic Arts, Activision Blizzard, and Take-Two Interactive Software are up somewhere between 250% and 600%.
The increasing sale of digitally-delivered content, followed by increasing profitability, is what we can attribute to, looking at the performance of the industry. However, a recent survey by Nielsen Holdings unveiled a different dynamic. In 2018, the number of gamers below 12 years of age in the United States has increased to 66% from 58% in the year 2013.
Among the popular game-types have been racing, arcade, card, battle royal – most of which are free. Even the best online blackjack (the popular American version of a banking game called Twenty-One) is free to play and offers real cash during the game play.
Let’s take a look at the 4 pillars of growth of the video game industry:
We have seen tremendous creativity in game design over the past few years. The two best examples we refer to are Epic Games’ Fortnite and Activision Blizzard’s Over watch, which are partly owned by a Chinese tech giant, Tencent.
Introducing a unique twist in the first-person shooting games; these games have done a lot to bring female gaming-enthusiasts to the hardcore shooting genre more than ever. No wonder these two (Fortnight and Over watch) are the most loved games available on the market.
The two major graphics card makers – NVIDIA and AMD (an acronym for Advanced Micro Devices) have enabled the spurt in creativity by offering real-like gaming experience. These two companies are relentlessly working on bringing advances to the graphics technology and have been able to deliver an immersive cinematic experience in video games so far.
Making games interesting from both playing and watching perspectives, NVIDIA’s latest graphics card takes your game play experience to a whole new level.
You know that you can watch others live-stream their game play on different online platforms like Amazon’s Twitch or YouTube. Millions of people log onto these platforms every month, to enjoy their favorite eSport events for hours every day.
Believe it or not, live game streaming is very helpful in terms of marketing the trending titles to emerging audiences. This is what made Fortnite become popular in the year 2018.
Understanding the users’ demand for classic games, Nintendo and other game-makers have decided to bring back the games that used to rock in our childhood. Nintendo came up with classic digital editions of the old NES and SNES consoles. You will be surprised to know that the demand for these consoles has been so strong that Nintendo had a hard time meeting them after relaunching the NES console.
After witnessing the success of Nintendo’s classic consoles, Sony also decided to launch its PlayStation Classic. Now, this trend shows the gaming industry starting to copy the movie industry by offering games with old titles to the new gamers.
Conclusion!
As the number of gamers is still expected to grow, the makers of video games and peripherals must have more room for tech advancements. The industry certainly has a lot to witness in the future.
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