The gaming industry is expected to exceed $180 billion by 2021.
The gaming industry has seen a great revolution in the past few years.
In the last few months, the industry has seen some statistics changes which we will discuss in this blog. Moreover, we will discuss what experts think about the future of gaming, in 2021.
An Insight to Gaming in 2020
2020 was all about gaming.
Spotify revealed that games consoles streaming went up 50% in 2020 as compared to 2019.
Spotify also reveals that there was a 47% jump in streaming, between 6 AM and 9 AM.
According to Gaming head of YouTube Ryan Wyatt, the platform saw more than 1,000 channels breaking 5 million subscribers in 2020. Not only this, but 350 channels hit a whopping subscribers amount of 10 million, as claimed by Ryan.
In his blog post, he also wrote that the creators across the platforms saw a massive increase in audiences, viewership, and subscribers in the recent year. Part of the reason why gaming went booming in the current year was because of the on-going coronavirus pandemic.
That is right, the coronavirus pandemic has been a disaster for most of the businesses except for gaming. The gaming industry went gaga in times of global crisis. The pandemic sent millions of people to their homes which resulted in high demand for online entertainment, online TV streaming, and multiplayer gaming.
To make sure their self-quarantine journey goes smooth many people shifted to better internet connection providers as well. Other than that many people choose better cable TV service providers as well for the time they are spending in their home watching TV.
Names like Cox Contour TV were highly regarded for their amazing cable TV service in times of crisis to keep its customers engaged.
The Future of Gaming in 2021
2021 is just around the corner. The world is eager to see the new year as it is expected that with the new year we will possibly have an escape from the harsh reality of 2020.
As we said, the year has been hard for people around the globe because of the speed of the deadly virus. But for the gaming industry, the current times brought great reviews with increased watch time and subscribers for gaming streamers.
However, will it be the same, better, or worse for the gaming industry in the coming year?
Here is what experts have predicted:
One thing that we have learned from 2020 is that you never know what the future may hold. Keeping this in mind it is predicted that 2021 will see a continued boom in the growth of online gambling applications and platforms.
The COVID-19 restrictions have completely shut the windows for casinos but it opens gates for online gamblers through online gambling apps and platforms.
This means there is no stop to online gambling in 2021 as per the experts.
You must have seen that the way we consume media these days has changed drastically.
Rather than sticking to the old methods, people have opted for streaming platforms such as Netflix and YouTube for online content.
The same change in gaming will be seen as many gaming companies have opted for different ways to approach monetization.
Many companies have launched their online games and PC versions so that the individual gamers no longer have to buy consoles and games separately.
Esports Will be Big
Sports fans have been understandably upset all over the globe. The COVID-19 restriction has put a huge stop to professional sports which resulted in an alternate of the entrainment which is esports.
Esports has been a growing industry for quite a few years now. In the COVID-19 pandemic, the growth in the industry was visible as people who love sports and there is no other option but esports to seek their pleasure and happiness from.
Rise of Streaming
Streaming is going big and it is here to stay.
The streaming platforms and streaming itself is expected to see more popularity in 2021.
Platforms such as Twitch that allow streamers to earn money from their passion for playing video games will still grow to be big in the new year.
Twitch and YouTube allow players to teams a chat with their fans while also engaging with other players to make the streaming of games a lot more fun.
2021 is the year for Gaming
If you are part of the gaming industry or thinking to become part of it then the time has come for you to launch yourself. 2021 will bring more benefits to gaming as Facebook has also recognized the potential to launch its own streaming platform on Facebook.