There is always an opportunity if you just know where to look. If you can’t see any, then make one happen. That is the thinking of most successful entrepreneurs that have not only made a name for themselves in the business world but has achieved much more than any person can ever achieve in their lifetime. As long as you have the passion and willingness to work hard for your dreams, you can’t go wrong especially with the help of a little bit of luck.
Most people think that traditional businesses are the only ones that will make it big in the world such as basic commodities that are staples to everyday living. But no, you can also excel in other areas that aren’t the usual path taken by the majority. The video games market is huge now but it hasn’t always been the case. But you see, we all need to relax and unwind at times and this need has opened up an opportunity for some to tap and make money from. Over time, others have even become addicted to these games and if you see one today, most of these games look so lifelike that you’d get confused too.
The video gaming industry has transitioned from a group of backyard innovators to an industry of multi-billion dollar companies, hiring psychologists, neuroscientists and marketing experts to turn customers into addicts.
The latest trend is the creation of "whales", people so addicted to games that they spend their entire life savings to keep playing.
But the video gaming industry, today one of the fastest growing industries in the US, has more humble origins.
Nowadays, gaming isn’t all about your usual video games but has expanded into the smart technology market too. Mobile gaming is all the rage now. While the classic and much-loved PlayStation and Wii’s are still pretty much on every child’s wish list, it is easier not to pass boredom and keep yourself entertained by playing mobile games on your smartphone. You can simply download the app and get lost playing games for hours if you have nothing better to do.
According to AmeriResearch.com , the global gaming market was valued at $99.0 billion in 2016 and is forecast to grow at a modest CAGR of 6.4% between 2017 and 2024, culminating to global revenue of $162.8 billionby 2024. The rising popularity of mobile games which can translate into satisfying a wide spectrum of users is an industry trend catching attention of Wall Street. A new report from industry analyst DFC Intelligencefound that mobile games revenue exceeded PC and console revenue for the first time ever in 2016. The emergence of mobile games has significantly lured a large number of users to play games on their devices significantly eliminating concerns related to contiguity and mobility. Gaming Companies in the market with developments and market performance of note include: Tapinator, Inc. (OTC: TAPM), Activision Blizzard, Inc. (NASDAQ: ATVI), Electronic Arts Inc. (NASDAQ: EA), Take-Two Interactive Software Inc. (NASDAQ: TTWO) and Glu Mobile Inc. (NASDAQ: GLUU).
It is perfectly understandable if people are turning into video games and mobile games to help them cope with the stress of daily living. Gaming is not just a massive success to young kids and teens but even to adults too who want an avenue where they can forget about their life priorities even for a while and enjoy a good game or two. After all, all work and no play are no good at all. And it happens to be a billion-dollar industry today that helps make the world go round by allowing people to unleash the inner child in them and have a good time. Knowing how toxic and stressful the world today is, it is safe to say that video and mobile games aren't going anywhere because many need this outlet for them to stay sane when they're about to lose their grip on reality.
The post It’s No Child’s Game For The Video Game Industry was initially published to OCBG