Growth Of Online Gaming Industry
- With constant internet growth and technological innovation, certain industries have begun to flourish. The online gaming universe is one such industry. Still, in its infancy, this phenomenon, known as iGaming, has grown into a multi-billion-dollar business. The digital gaming industry is booming with a growing appetite for online gaming in the world.
It is growing leaps and bounds as compared to the other industries. Not only are the global giants taking advantage of the plethora of innovative opportunities that this industry is bringing about, but the startup gaming developers are also benefited.
The global gaming market size was valued at USD 97.80 billion in 2016 and is expected to witness remarkable growth over the next eight years. Technological proliferation and innovation in both hardware and software are expected to be key factors driving the market. Growing penetration of Internet services across the globe, coupled with easy availability and access of games on the Internet, are also expected to keep growth prospects upbeat over the coming years.