There is no doubt that the gaming market looks to be a rather good investment opportunity on the surface of things, but is it actually worth investing in?
Indeed, the video gaming market is one of the biggest and fastest-growing industries currently in the world, and it will show no signs of slowing down in the near future, either.
The industry has continued to soar over the last few years, with player engagement at all-time highs, whilst many have continued to turn to video games as their choice of entertainment as they can provide experiences that can appear all across a spectrum.
With video games and online casino games from sites such as https://www.platincasino.com/ie/home.html expected to continue to show some growth, there is plenty of opportunity for investors to get involved and receive a positive experience.
Gaming Market is Worth Billions
With the popularity of the gaming market continuing to show some huge potential for growth, despite the fact that it is already huge, the potential for the revenues to be earned will also, therefore, increase significantly.
In 2012, it was reported that the gaming market had revenues of $70.6 billion. That number rocketed to $137.9 billion in 2018 and is expected to reach levels of $180.1 billion in revenue in 2021. To put that number in context, the growth that the gaming market has seen in recent years is at a rate of 11% compounded growth. When taking a look at the United States of America as a whole, the percentage is 4x higher than what the US economy has been growing at.
How Much has it Grown Since the 1990s?
The video game industry was always going to improve and grow over the years, but by looking back to the 1990s, it is rather extraordinary to learn how much it has grown in regards to revenues that have been made.
It is understood that in 1993, the entire video game industry had managed to amass worldwide sales of $19.8 billion, which is equivalent to $31 billion in 2011, whilst 1994 saw the industry achieve sales of $20.8 billion ($32 billion). 1998 is thought to have seen the worldwide revenues for the gaming industry said to have been at an estimated $30 billion ($41.5 billion in 2011).
Technology Continues to play a Key Role
Whilst there are potentially a number of different reasons as to why the gaming market continues to grow and be a good investment opportunity for many, one of the biggest factors is down to the advancements in technology that have taken place over the decades.
Technology and innovation continues to happen on an almost daily basis, with the gaming industry able to take advantage of them as soon as they become available. Indeed, innovation has been – and will continue to be – the driving force for the entire industry and with major developments in new tech such as virtual reality and augmented reality, there will only be newer opportunities for the gaming market to improve and grow.
