The electronic gaming industry has seen massive growth in recent years. Statistics show that between 2020 and 2021, the number of monthly esports viewers has increased by 11.4%. Not only that, but the revenue that this industry has been generating has reached into the billions of dollars.
Many esports organizations are worth hundreds of millions of dollars. Take Team Solo Mid (TSM) as an example; this team is worth $410 million. This team topped the Forbes list of most valuable electronic gaming organizations. There is no denying the fact that 2022 is the year that electronic gaming will continue to rise. After all, people like to play games like Dota 2 , CS:GO , League of Legends , Overwatch , etc.
Electronic games are connected to an additional industry
One of the industries that is well-introduced into the online gaming process and connected to electronic gaming is actually online casinos . The major online casino brands have raised billions of dollars, and as statistics show, their global annual revenue in 2021 exceeded $69 billion.
There are tons of similarities between these two industries. First of all, both industries allow their players to enjoy the best online games. Not only that, but they also share a similar PvP concept. Online casinos allow players to compete against each other by playing live dealer games. Additionally, both offer players fantastic cash rewards.
As you can see, online casinos and electronic games share many similarities. Considering the fact that experts believe that online casinos will continue to grow in the years to come, including 2022, it is fair to say that this gaming concept is popular with players and that leads us to believe that electronic gaming will continue to grow. blooming. this year.
Electronic games market in 2022
When it comes to the state of the arcade industry in 2022, research shows that mobile arcade games, led by Clash Royale, will have a huge boom. By that, we mean your revenue will double to over $100 billion.
In other fields, virtual reality will also take center stage this year. Until now, VR was just a game concept, but as we saw, this concept made great progress in 2021. Thanks to the fact that it provides users with a unique gaming experience, we can expect numerous games to implement VR. . Imagine yourself playing popular games like Counter-Strike: GO with a virtual reality headset. The idea is simply mind-boggling.
The value of the esports market is likely to rise from $1.5 to over $4 billion this year with the rise of talent and game streaming.
Finally, it is worth noting that blockchain will play a more prominent role in electronic games. This technology also saw massive growth in 2021 as many platforms started accepting crypto payments. 2022 will be the year that cryptocurrency transactions will be implemented massively, and there will be an increase in blockchain-based products.
An additional prediction for 2022 concerns augmented reality (AR). While this is still an early concept, it is likely to see massive growth this year as many companies, like Meta, have started to explore this world.