You don’t need to look too far in order to answer this post’s titular question; just last year it was estimated that there were some 620 gaming studios in the UK, which is a significant increase from the previous year alone – and the number is no doubt even higher by now. Once dominated by famous publishers and big brand console manufacturers, the UK’s gaming market is now taking a leap towards independent establishments.
Indeed, as resources become more readily available, developers harness their confidence, and increasing numbers of young entrepreneurs invest their time and money, there are few industries as exciting as the online gaming sector in the UK right now.
Online gaming sector: Experiencing a boom
There is little denying that the video games and online gaming industries are big business, rendering any entrepreneur powerless to ignore their potential. This recent boom – or more specifically, sonic boom – in the UK’s online gaming sector is rapidly drawing more and more companies into its fold, and with it entrepreneurs who are keen to cash in on its successes and make their own mark in such a remarkable world.
But what is it, specifically, about gaming that has got so many entrepreneurs hot under the collar? Could it be, perhaps, the familiarity of gaming? After all, there are few people who will have grown up without any experience of gaming at all, and many entrepreneurs are likely to have been tempted, at least initially, by the nostalgia of the games they themselves once played.
Couple this sense of belonging with incredible success and you can see why the sector is such an attractive prospect; online gaming currently offers excitement, access to new technology, and the opportunity to be a part of a dominant figure on the gaming horizon, as well as a wealth of different markets that encourage diversity, experimentation, and discovery. Mobile gaming, MMORPGs, games that include micro transactions and cosmetic purchases, and subscription-based gaming are just a handful of the ways in which entrepreneurs can explore and experience the world of online gaming, and they’re hooked.
The rise and rise of the online gambling market
If the web-based and mobile gaming sector has seen something of a peak in the last few years, then the online gambling market has increased exponentially; from a handful of sites just a decade or two ago to the saturation that the market now enjoys, things are on the up for online gambling of every kind.
It’s little wonder, then, that entrepreneurs are so keen to support this booming business or reap the rewards that it offers. So, what is it about online gambling that has become so lucrative?
For starters, improved technology means that such pastimes are now more realistic and enticing than ever before, drawing crowds of people that are keen to experience the games’ features, graphics, and immersive play. In addition, the growth in popularity of smart phones and tablet devices means that players are able to access these online games no matter where they are or, indeed, when they are; such access has destroyed the boundaries of time and place that once restricted online gambling’s popularity and thrown the market wide open to a variety of businesses and entrepreneurs keen to invest and make their own mark.
Thanks to such developments, online gambling has been propelled into a league of its own, and betting sites, slot machines, card games, social games like bingo, and lottery applications now enjoy the realms previously occupied by the very first web-based computer games. In short, they’re seemingly unstoppable – an incredibly tempting prospect for any entrepreneur.
It’s not difficult to see why so many entrepreneurs are drawn to the online gaming sector or, indeed, into the world of online gambling; when faced with a variety of businesses and industries in which to invest their time and money, so many are choosing to head into the worlds with which they’re most familiar. In addition to the comfortable corners that online gaming and gambling occupy, entrepreneurs are tempted by the incredible successes demonstrated by both sectors in recent years and by the potential that each possess. As the sense of escapism, thrill of the bet, and social benefits of online gaming and gambling sites draw crowds of players in, they also tempt entrepreneurs – and who could blame them?