Future of Video Game Industry
The video game industry boomed from the last decade. No one ever thought that the video game industry would become so profitable as it is bigger than the movie and game industries combined.
Do you know? The video game industry generated over $185 billion in the year 2022.
It is expected that, this industry is going to generate more than 600 billion dollars in the year 2025.
Do you know? About 40% of gamers are between the ages of 18 and 35. In fact, more than 15% of gamers are above the age of 55. It's weird but yes, old people like to play video games too.
Combine the film industry and the sports industry together because the video game industry is bigger than this combination. Yes, this is the real size of gaming industry.
Yes, technology has played a vital role in this industry as today's video games are much more realistic only because of technology
Nowadays VR (Virtual Reality) is the technology which gives you real experience. This 360 degree simulation technology provides an immersive experience to the users.
It is predicted that VR games will cover at least 30% of the gaming industry by 2030. In fact, Apple is also going to launch its VR headset in mid-2023.