One of the biggest industries in the world that have seen a lot of changes and success over the years has to be the gaming world. It keeps attracting more people and making veteran gamers one of the most loyal customers in the world. Trends change every year and analytical data shows that the industry is going to new horizons soon.
So, it’s time to see what these indicators and trends look like in 2020.
The Profits Are Beyond What Anyone Expected
The gaming industry has seen most of its profits in PC gaming with 53% of game developers focusing on creating games for PC. It has generated a whopping 28.7 billion dollars in value back in 2017 according to Video Gaming Africa and it’s estimated to reach 33.6 billion dollars in 2020. But the entire industry grossed around 138.7 billion dollars in 2018 according to Forbes and they estimate it will be worth 164.6 billion dollars in 2020 according to the indicators they see from gamers worldwide and appeal to specific games.
F2P and P2P Games Are on The Rise
Both these types of games have seen significant success, especially in Asia where it covered 63% of the global share according to gameindustry.biz. The revenue generated was for Free-To-Play and Pay-To-Play MMO games; this includes their microtransactions and in-game purchases. So, games like RuneScape have seen a lot of success not only because of nostalgia but because of the safety and reputation of the gold-selling platforms. The gold sellers at https://probemas.com/Buy-OSRS-Gold believe that you need a reputable platform with a good track record and speedy transactions to feel safe enough to buy gold from them. This is apparent from the 23% of gamers who spent between $1 to $20 on in-game purchases, 18% who spent $21 to $50, and 11% who spent more than $250 on in-game purchases like gold. All of this is according to the Statista Survey in 2017 and they estimate that these numbers will increase in 2020.
The Best Game When It Comes to Sales
According to VGChartz in 2018, the Sims 3 sold around 7.95 million units, making it the best-selling PC game of all time globally. While World of Warcraft held second place with 6.33 million units sold. But when it comes to the peak number of players in one hour, PUBG scored the highest number with 3 million players online at the same time. Dota 2 holds the second place in the number of players simultaneously online, with 1 million gamers in one hour. The trend seems to indicate that the most popular game genres are role-playing, strategy, and shooter battle royale games. So, it’s clear that these are the types that will dominate in 2020.
The Console Games Will Thrive
This success is visible in the console section as well, with almost 23.2% of the global share according to Xania News. The Wii sports game sold 82.65 million units worldwide; this makes it the all-time best-selling console game according to VGChartz. Super Mario Bros holds second place with 40.24 million units sold. While PlayStation 2 sold around 157.68 million units in 2017, which makes it the most popular console worldwide. It is estimated by VGChartz that it will only increase in 2020. However, according to Futuresource, it’s estimated that in 2020 there will be a rise in PS4 units installed, with 80.23 million units of the installed base and PS3 will have 1.02 million units installed. Xbox One had 46 million units installed in 2018 and 46.8 million in 2019, it’s estimated by Statista that it will grow to at least 50 million in 2020.
Mobile Gaming Will Take Over
It’s clear that 32% of global share belongs to mobile gaming and according to Newzoo research estimates, it will hit 76.7 billion dollars in 2020. This makes it the highest one with the most market share for gaming profits. Mobile gaming will skyrocket in 2020 and beyond. With Fortnite being the most downloaded game on smartphones, generating 1.8 billion dollars according to ThinkGaming. Other popular games that continue to dominate include PUBG and Candy Crush, showing great promise for 2020.
It’s clear from these findings that the gaming industry will continue to grow beyond anyone’s expectations. Different markets worldwide show great promise and the exposure of new games and consoles will continue to attract people. The value of this industry is astronomical and it’s estimated in the billions of dollars. This is a clear indication that this industry isn’t going anywhere and will only continue to succeed in making millions of gamers happy and satisfied with increasingly developed games.