More than half of 2022 has passed. So, what has 2022 been like for the gaming ecosystem alike? Apparently, the busiest in recent years. The pandemic has continued to accelerate the power of the gaming industry, increasing the number of new people into the ranks of gamers. The far more grandiose initiatives are improved and given more market influence.
And statistics record new records. By the end of 2022, the revenue of the gaming market will already be $196 billion, mainly due to the mobile niche: this is 70 percent of all profits. And according to audience growth, video games will be played by 2.95 billion people, or maybe more than a third of the planet’s population. Spoiler: and not just to pass the time and unwind from problems.
Boosting in 2022
Boosting services have not gone away in 2022, whose game leveling services are usually used by new players who want to quickly level up their account, unlock all rewards and complete all achievements to give them the feeling of playing on a professional player account and set for a fearsome character. Their advertising will be much reduced due to restrictions on its abundance in certain circles, however, players can continue to apply for advertising at any time.
These game promotion services are incredibly helpful in saving you time and doing all the hard work to get your account to a higher level. Enjoy playing your favorite games with Destiny 2 boosting services, for example, or try this little help with World of Warcraft. This will definitely help you feel 100% involved in the game at a professional level and have a better gaming experience.
Gaming as opposed to social networks
The necessity for communication has increased as a result of the pandemic. According to recent surveys, 30% of gamers now view their time spent playing games as mostly an opportunity to socialize with friends and individuals who share their interests. Over than a quarter of younger generations under 35 think that social networks and games provide more features for interaction.
Marketers have mastered the art of exploiting people’s flaws. Players typically strive to customize their characters, profiles, and other gaming features in order to somehow reach a wider audience. As a result, in-game markets frequently provide distinctive products, nuances, design elements, and other external accouterments for symbolic amounts. Such microtransactions have been and continue to be among the most successful monetization tactics, as the past year has demonstrated.
Play-to-Earn will become a more viable business model
The most recent innovation in the gaming industry is the Play-to-Earn business model. A player who adds value by making a contribution to the game environment will receive cash rewards under this business model, which supports the idea of an open economy. It’s likely to provide fresh game ideas and retention strategies that haven’t been seen in contemporary gaming.
The economic structures for video games altered as technology spread to more people. People enjoyed their videogames on arcade machines in local game stores in the latter part of the 1970s and the beginning of the 1980s. Games were played using a pocketful of quarters, with the goal being to achieve the highest score.
Nowadays, we use our smartphones to play games while riding the bus or taking a break. We start a game on our home console or personal computer when we desire a more immersive experience. Every player can find a financial plan that works for them, regardless of platform.
2022’s fastest-growing region
The worldwide gaming market will increase at an average annual pace of 9% to $196 billion by the end of 2022. China has been severely impacted by licensing freezes, therefore Asia Pacific is no longer the region with the highest growth. Latin America has emerged as a major player because of improved infrastructure and rising esports and gaming enthusiasm. With an average yearly growth rate of 10.4%, it is now the gaming market with the quickest growth.
Top 3 trends in the gaming industry
Money-making through nostalgia. Companies are reposting and remastering vintage content and even outdated hardware using games from as early as the 1980s.
Online games. Since the demand is placed on distant servers, they can be played on a device without the required computing power. Usage of cloud gaming is increasing as technology advances, and new customer groups are entering the market.
Quick little games. Facebook Instant Games have gained popularity in the West, whereas WeChat from Tencent and little entertainment from TikTok are used in China.
Hardware crisis continue to dramatically affect the industry
One of the primary issues postponing a new technological advancement in graphics is the fact that the most recent video cards and next-gen consoles still prove to be an elusive, limited item even after a year. The issue is that there isn’t nobody to play them, even if the creators are prepared to produce things at the cutting edge of technology. There are many different market predictions for 2022, although it is more probable that the issue will be handled in 1.5–3 years. The schedule should thereafter undergo radical modifications.
A little more gaming 2022 in numbers
Experts determined that in 2021 enterprises made $ 192.7 billion, and that is 7.6 percent more than a year earlier, after examining the accounts of even more than 140 publicly traded companies in the sector. According to analysts, the US will earn $50.5 billion more from the video game business in 2022 than China ($50.2 billion).