There’s no stopping the gaming industry from dominating the global market.
In 2020, it’s valued at $162.32 billion and is expected to climb all the way to $295.63 billion by 2026, with an impressive CAGR of 10.5%.
All thanks to technological innovations.
From the gamers’ perspective, this transformation means a totally better experience.
From VR and AR that thin that line between reality and fantasy, to safer payment systems and fast payouts, new technology has dramatically shaped and changed the world of online gaming.
Below are the latest technological innovations adopted by game developers and how they have transformed the industry:
Safer Payment Systems and Faster Payouts
The online gambling industry went through massive growth in the last two years, with the pandemic leaving more people in search of ways to ease boredom.
With the growing number of players, technological innovations ensure that users’ data and information are kept safe.
Many online gaming platforms such as this site offer safer payment systems and fast payouts, which involve the use of different payment processing methods like cryptocurrencies and e-wallets.
Immersive Technology (AR & VR) Takes Gamers to the “other” Dimension
Augmented reality (AR) and virtual reality (VR) have revolutionized the world, especially the gaming sector.
These technologies allow gamers to see and experience things as if they exist in the real world.
They are the solution to what millions of gamers are looking for: captive experience. Using the right equipment, users are taken to the world of fantasy using their avatars.
In general, AR and VR transformed the gaming industry by:
● Offering Better Content
● Enhancing User Engagement
Users get more involved in the game as they use hand controllers and headsets to fully immerse themselves in the game.
● Providing Cutting-edge Capabilities
It isn’t impossible to see how VR technology can evolve from mere strapping on a headset to introducing fully immersive experiences that involve every human sense.
User-generated content will add more diversity and excitement to the gaming world
UGC has existed before but it was not until recently that game developers realize its importance.
UGC-based gaming platforms like Minecraft and Roblox offer a promising future to the gaming sector.
Perhaps the biggest reason for the success of user-generated content games is the social aspect. Through this platform, players can socialize, connect, and create a unique and special experience.
UGC also enables free-to-play games, which enable more people (especially the younger ones) to access gaming content.
With cloud-based technology, players need not invest in high-end gaming computers. This technology also makes online games accessible on multiple platforms.
It’s advantageous not only for players. It’s cheaper for gaming companies too as they only pay for bandwidth that was actually used by their traffic.
The onset of voice and facial recognition has transformed the gambling world, thanks to AI.
With facial recognition, players can create their “avatars” or characters that have features similar to them.
At the same time, game developers can integrate user’s emotions so they reflect on their virtual characters.
Meanwhile, voice recognition makes playing a lot easier. Through voice commands, users can play effortlessly.
Hyperreality makes Massive Multiplayer role-playing Games Possible
The pandemic has expanded the online world, resulting in more groundbreaking technologies, such as “hyperreality”.
If VR lets individual players enter the world of fantasy, hyperreality allows groups of players to connect and socialize in the same virtual world.
Mobile games contribute largely to the increasing growth rate of mobile media use.
In fact, mobile platforms are the largest sources of revenue for the gaming sector. In 2020, the estimated worth of $85 billion.
Mobile devices allow players to skip costly and bulky consoles, and play anytime and anywhere. Users can also access hundreds of games, including online casino apps.
Over the last years, online streaming has become very popular. As most people engage in social media, this technology ensures they are connected to their social networks.
Online streaming technologies also gave rise to “live casino” games where players can interact with an actual dealer from their home.
The new technology continues to advance and evolve, which suggests a very bright future for online gamers and developers.