The games industry continues to expand. According to the new Global Games Investment Review from Digi-Capital- By 2017, the entire global games business could be worth more than $100 billion. The research firm reported that mobile and online gaming is becoming such a huge entity worldwide that it could grow at a compound annual growth rate of 23.6 percent, hence accounting for about 60 percent of software market share by 2017 while generating $60 billion of the predicted $100 billion for the overall gaming industry. And, according to a recent survey of 2,000 North American developers – Overall gaming industry appears to be in strong shape. The study, conducted by the Game Developers Conference, stated that 41 percent of developers said that there are higher profits in 2014 in gaming as compared to previous years. Only 9 percent of the game developers reported that their profits declined. While the rest of the developers were either unsure or gave flat statements on year-over-year growth. And, similar stats were for hiring as well – 44 percent expanded their teams in 2014, while only 15 percent did staff reductions.
PC vs. Console Gaming
PC vs Console Gaming
The popularity of PC games among game developers has shown an increased flux. According to the report, 56 percent say their recent game is built for PCs, up from the 2013 stats of 53 percent. However, if we talk about to upcoming titles, only 53 percent of developers plan to develop for PC, again putting the category right back where it originally was. According to developers, as compared to 2013, the current generation consoles were the winners: The Xbox One and PlayStation 4. However, PlayStation 4 leads current developer action over the Xbox One by 26 percent to 22 percent.
Esports – A new and upcoming genre
Esports
Esports emerging as the winner. According to the survey, 12 percent of gaming developers are creating a title that could be an appropriate Esport. It is basically the competitive side of video gaming, where both teams and individuals compete for reward, money and fans. However, 12 percent is less, if we compare it to other gaming platforms, but we should not forgot that Esports is a genre, and not a platform. It seems that we could see a rapid increase in the number of games built on Esports. Fingers crossed for next shaking out of new esports titles, hope it would be fun to watch.
Mobile Gaming Market Continues to boom
Mobile Gaming Market Continues to boom
Mobile gaming, through titles like Candy Crush Saga and Clash of Clans, has turned all business and device owners into impending players. However, the data indicated declining interest of developers in the mobile gaming space. If we see the developer’s polls, around 50 percent reported that they will be working for smartphones or tablets. Unluckily, that figure has declined from 52 percent in 2013. Infact, only 48 percent of the game developers confirmed that their next release will be for mobile platforms. Certainly, a decline from 52 to 50 to 48 is stepped. However, much of the industry is focused on mobile and are trying hard to recover from their last few sluggish years. With a top list of renowned titles and gaming companies (www.parangat.com), mobile gaming market is increasing at a very rapid rate.
So, we can conclude that developers are still fans of mobile gaming, Esports, PC gaming, console gaming, and, increasingly we can expect a rapid and increased growth in the years to come.
Sahil Gupta
With roll up the sleeves, dive in and get the job done approach, it was year in the year 2010 when Sahil started Parangat Technologies. Emphasizing on a healthy work culture and technology driven company, he has successfully created a workplace where people love to work and live. He is a software engineer and a passionate blockchain enthusiast.