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Entertainment And Media
Gaming Industry Trends in 2024
The gaming industry is striving for a more realistic experience every year as new technologies and services emerge. As the industry rapidly evolves, it can become increasingly difficult to keep up with the latest gaming trends and services and incorporate them into your game development strategy. Here are some video game industry trends to watch out for in 2024.
Metaverse and Online Ecosystem
With the popularity of online gaming, the transition of the gaming industry to online ecosystems is not surprising. It is expected that by 2024, more games will be built on online infrastructure. This growth will be driven by the expansion of the metaverse - a shared virtual space where players can interact with each other and experience different worlds.
As the Metaverse grows, so will the demand for games that can be played within it. This means we will see more games designed for online play, with persistent virtual worlds and cross-platform compatibility. Social interaction and cooperation will become increasingly important features in games as players seek to connect with others in virtual spaces.
Still, experts are still exploring what the Metaverse will look like and how it will work. It’s still early days, so there will be ample opportunity for game developers to innovate and create new experiences for players. Game developers and other stakeholders will need to stay tuned to the latest developments in this field to ensure they stay relevant.
Cloud Gaming
Cloud gaming is another big trend. Cloud gaming is gaming where games are stored on remote servers instead of played on local devices. Although the market value of cloud gaming is close to $250 million today, it is expected to grow to close to $22 billion by 2030, and for good reason. Cloud gaming offers many advantages, including the ability to scale games up or down quickly and easily, and at a lower cost. Game developers are no longer constrained by hardware and have more freedom to create innovative gaming experiences.
In recent years, big companies such as Microsoft, Amazon, Apple, Netflix, and Google have invested in the field of cloud gaming. And not just big companies, many small companies are also starting to get involved. It is expected that by 2024, this field will usher in more growth as developers continue to take advantage of the advantages of cloud gaming.
Cloud gaming will also have a significant impact on the business model of the gaming industry. The traditional model based on selling game packaged goods will gradually decrease, replaced by a subscription-based model and in-game micro-transactions. This shift will bring new challenges and opportunities to game developers, who will need to adjust their business models to stay ahead.
Mobile Gaming
The rise of mobile gaming is one of the most significant trends in the gaming industry. Mobile gaming has been growing for a decade, and this growth is expected to continue to accelerate in 2024 and beyond. In fact, by 2030, the global gaming industry is expected to reach $470 billion, of which mobile gaming is expected to account for more than half.
As more people play games on mobile devices, the number of mobile games will increase. This is a trend that has already begun, with more and more high-quality mobile games being released every year. In 2024, we expect to see more innovative mobile games, pushing the boundaries of what is possible on mobile screens. At the same time, revenue from in-game purchases and mobile advertising will grow, and developers will look for more ways to monetize their games.
The increase in female gamers
The gaming industry has long been male-dominated, but that is changing. Female gamers are increasingly represented around the world. In fact, according to Google Play data, approximately 65% of female gamers between the ages of 10 and 65 are female gamers, which is almost half of all gamers worldwide.
As the industry gradually becomes more inclusive, game developers are beginning to tailor content for female gamers. This includes creating more female characters, paying attention to gendered language, including women in the development process, and ensuring that marketing campaigns target both men and women. Increased diversity may become one of the most inspiring trends in the gaming industry, especially as companies continue to work on creating a more inclusive gaming industry.
The rise of eSports
If you're not familiar with esports, it's a format where professional gamers compete against each other in popular games like League of Legends, Dota 2, and Counter-Strike: Global Offensive. Esports is also a massive industry -- the global esports market was valued at $1.4 billion in 2023 and is expected to grow to $1.87 billion by 2025. As more people watch and participate in competitive gaming, there will be more opportunities for developers to create games that can be played on a professional level.
Adaptability for a global audience
The gaming industry has always been a global phenomenon, with developers and players spread all over the world. In recent years, as the globalization of the Internet has advanced, the trend of the gaming industry has also changed, and more and more games are developed for a global audience from the beginning.
This trend is expected to continue in 2024, with game developers considering releasing games to the global market more. Many developers are considering Asia as their first step to globalization because it is the fastest growing region in the gaming industry. Currently, Asia accounts for 55% of global gaming revenue, which provides developers with huge market opportunities.
This also creates challenges for developers, who need to create games that will appeal to players around the world. As a result, the demand for game transcription and localization services has steadily increased, which is essential to ensure that games can be enjoyed by players around the world. Game localization is a worthwhile area of investment for many developers, as it allows them to enter new markets such as Asia's 1.47 billion gamers.
Keep up with global gaming trends with Arrow Translation
As gaming industry trends continue to grow around the world, the demand for game localization services is also growing. Arrow Translation is a professional and efficient localization service provider with a team of experts who are passionate about video games. We understand the challenges of adapting games to different audiences and have the experience and expertise to ensure the global success of your games. Contact us to learn more.
