How is the iGaming sector predicted to grow in the future?
Predicting iGaming sector trends
The iGaming sector is growing immensely every single day. According to Forbes, the global games market will make $175.8 billion in profits. Moreover, the revenue is projected to surpass $200 billion at the end of 2023. Three-quarters of this revenue will be generated from mobile gaming.
The industry has been raking in millions in profit. For instance, mobile games generated $77.2 billion in profit in 2020. Moreover, the number of players increased to 2.5 billion. In 2019, the revenue generated from mobile gaming amounted to $120 billion. The good news is the number will probably not go down any time soon. The interest in the online betting sector has continued to increase. This is partly because of the Covid-19 pandemic, which has seen people exercising social distancing and staying indoors.
This enabled more people to be exposed to online gambling. Moreover, long-time players got the opportunity to perfect their skills. The gamers are continuing to push the limits in the online gambling games they play. It is expected that investors will also try to come up with unique technology and techniques in a bid to push the gaming experience forward. This will definitely make the online gaming experience more difficult and fun.
The future of gaming
There is a huge selection of live casino games to choose from open to players these days compared to a decade ago, this is coupled with the world becoming more aware of digital currencies, thus, many gambling games allow users to use many types of digital payment options. However, in the future, more gambling operators will incorporate other types of digital payment options so that gamers can have a wide variety to choose from. In the future, we may see people using gambling platforms using cryptocurrencies. This will be an interesting change to see, especially for online casino gamers who love the concept of using cryptocurrencies.
At the moment, iGaming platforms are only allowing traditional payment methods through cards or e-wallets. However, we may see a shift in the payment methods in a few years to come. As time goes by and technology advances, more gaming trends are emerging, and this is changing the entire online gambling sector. The games are continuously being improved and becoming more advanced as time goes by. In future, the games will have new and advanced features that will enable the gamers to enjoy their gaming experience.
Some of the future trends in the gaming industry include VR slots, artificial intelligence and 3D games in future. Humans will replace artificial intelligence, and everyone will be able to play online casino games with human beings instead of machines.
Moreover, the iGaming sector and online gambling will grow bigger and better. Mobile gaming is used by 51% of the gaming industry and this will only grow. More gambling operators will continue to target smartphone users by releasing other casino games that have not yet been created online. This means you should expect a better gaming experience. Online gambling platforms like casinos will be improved and upgraded. Advanced features might be added to casino gaming.
Augmented reality and virtual reality will be available to everyone and people from all over the world will be able to have a real-life online gambling experience from the comfort of their homes. The virtual reality experience will provide an immersive experience for online gamblers and betting pros.
More online gambling operators will try to capitalize on the increasing number of people who use online gaming platforms. The platforms will eventually become mainstream. Thus, the player experience will not only improve, but the billions in revenue in the gaming industry will increase as well. There is only an upward trajectory from here.
