The overall growth of the gaming industry
All the recent surveys conducted to calculate and measure the overall growth rate of the gaming industry shows that the industry has experienced massive growth over the last few years. The global gaming sales have grown by an average annual rate of 10.7% from 2012 to 2016, a notable increase. As a result, the revenues exceeded a record of 85 billion Euros. Despite this colossal growth, multiple sectors are following different patterns. This is due to various factors, including shifting demand trends.
Evolution in the gaming industry.
In recent years, the gaming industry has shifted from the physical to the digital formats. In 2011 the industry was mainly focusing on the consoles and related accessories. This generated more or less 39% of sales, while the mobile games made 15% of the total average sales in the market. In 2015 the industry observed a shift where the gaming consoles sales graph decreased to a mere 17% and the mobile games peaked with at least one-third of the net sales.
This trend is conceived to continue as the smartphone users are increasing with every passing day. This change has given a hard push forward to the gaming industry. In the recent surveys, the online mobile game groups have been among the most profitable ones over the last couple of years, while on the other hand the consoles like Nintendo are deemed lowest on the sale graph. This shows a rapid shift in the most recent trends where people are pursruing mobile gaming activities. The Asian region is regarded as the most prominent industry hub, with an estimated 38% sales generation overall.
Changing nature of the gaming industry.
This industry lies among the most rewarding sectors so far. It has gone through massive transformations pursuing the changing trends in the market. This has exerted considerable pressure on the traditional video gaming industries to align with the changing consumer demands. The demand is moving towards low cost, simple digital games. The new entrants and online gaming groups are also among the most thriving ventures, more promising than the old conventional gaming trends of the past where more and more gaming surfers find it to be a social experience. Consumers are being converted to mobile games and have given a hard shake to the traditional gaming industry.
Marino Robert can help set your gaming production priorities.
Marino Robert Sussich, a renowned business management consultant, has gained experience in the gaming and the gambling industries over the past few decades. He has analyzed the changing trends of the gaming industry, and his expert advice can transform your business.