The entertainment sector has continued to rely on digital growth, particularly as it has transitioned online.
Audiences have continued to use the latest technologies available to ensure they receive the best experiences possible. They want immersive and engaging sessions, while also seeking entertainment that is conveniently available and works without any issues.
Gaming is one entertainment medium that has continued to evolve, especially as it has moved online. The iGaming industry is a rather notable example of how the activity has been transformed due to the possibility of it being accessed digitally
Players can now enjoy top gaming experiences, such as the best Australian online pokies, through the use of internet casinos. These sites can be accessed conveniently, and whenever a player wants, as they no longer need to travel to a physical location or have a longer period of time available to them. Titles are also more engaging, with developers using new technologies to make them immersive. They use detailed graphics and visuals, audio, and create new experiences through advanced innovative mechanics.
As a result of the evolution of online gaming, like iGaming, and its use of technologies to create engaging gameplay sessions, these platforms have helped to have a wider impact on the growth that has been experienced across the entertainment sector.
Market Size and Growth
According to statistics, the global online gaming market is projected to grow from about $208.58 billion in 2024 to $333.2 billion by 2030, achieving an impressive compound annual growth rate (CAGR) of 8.12%. This is expected to be achieved due to the following factors:
- Mobile play continues to be popular
- Increase in cloud-based platforms
- Changing gaming preferences
- New innovative technologies
Mobile play continues to be popular
Most gamers are now using their mobile devices to play online. Everyone is using these portable gadgets for almost every activity imaginable, as users have the power to do things at the palm of their hands. Indeed, with smartphones becoming more powerful and consistently using the latest tech available, players are continually receiving the best gaming sessions.
Increase in cloud-based platforms
An increase in cloud-gaming platforms is also helping to drive market size and growth, as it highlights the benefits that the entire entertainment sector can benefit from. Cloud platforms allow players to save data without having to use physical storage on a device, while they also allow access from different devices for games to be played. Across the entertainment industry, this has been pivotal in helping it to grow further.
Users can access apps to their favourite streaming services, such as Netflix or Amazon Prime, and watch what they want on their smartphone or tablet. However, they can also continue from other devices, such as a smart TV using an Amazon Fire TV Stick, or on a laptop by using their websites, thus allowing them to pick up where they left off. This access is unrivalled in terms of convenience, helping to fuel the digital growth that is being experienced.
Changing gaming preferences
The evolution of online gaming has been helped by the changing preferences that have been experienced, which has helped drive growth across the entertainment sector and change how activities are enjoyed. There has been an increasing demand for more social aspects, especially since the years of COVID, when people could only be connected to the outside world digitally.
Games introduced social aspects that have since been integrated into other forms of entertainment, making them more engaging. For example, technology has made viewing parties possible digitally, as people can watch shows together. Streaming has also risen as a result, with many enjoying the social aspect of being able to watch esports and engaging with the streamer as they play.
New innovative technologies
New innovative technologies are often introduced into online gaming before they reach other forms of entertainment. If they are successful, they can often be introduced into TV and film, thus changing the way that people consume this type of media.
Online gaming has already used streaming services, mobile platforms, and advanced software development to offer immersive experiences and remove hardware barriers. Now, as noted, we’re seeing other types of entertainment that use each of these technologies to create immersive and engaging experiences. Artificial intelligence, augmented reality (AR), and virtual reality (VR) are among the emerging technologies that are being experienced today, with many being used in online gaming platforms before entering other niches within the sector.
Final Thoughts
Online gaming platforms have been a key driver in helping to grow the entertainment industry. What has been achieved in this part of the sector has gone on to be used within other areas of the market, as many of the technologies used can have a positive impact on how other forms of entertainment are used.
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