With the popularity of video games, a wide range of technological developments has come into being. All these new developments have made gaming a common phenomenon around the world. One of the most significant and yet under-implemented areas in video games is the internet. Ever since the dawn of the internet, video games have become a common form of entertainment for many people. Some people cannot resist playing online games and spend hours in front of their computer or console.
The present situation and trends can be studied in detail from various international surveys and studies. Based on these studies, the present North American chapter of the video game industry was predicted to grow at a CAGR of approximately 4.5 percent during the next five years. The predictions about the North American Wii's popularity were very high when compared to other parts of the world. However, the Wii's sales in North America dropped dramatically in the last few months.
As a gamer myself, I was extremely excited to find out that the North American players were spending more money on the game. My experience with consoles and PCs has taught me that the best place to advertise is the 'home market' where there is a large population that uses the same platform. The world of sport has been very lucrative for many years but the emergence of PCs and Xbox have forced gamers to turn to these other platforms for their gaming needs. This has led to fierce competition between the different platforms and for the gamers, it is a battle to get a larger slice of the market share.
In the coming years, the video games market will increasingly be driven by the prevalence of consoles like the PS4 and Xbox. The PC will slowly become outdated and this could affect the success of the different platforms. With the current trends we can expect a further growth of the video games market in the coming years.
There are three key factors that contribute to the increasing popularity of video games. Firstly, gamers spend more time in front of the screen which has increased their social interaction. Secondly, they can now interact through the internet which furthers social interaction. Finally, the equipment used to play video games has also changed a lot. The development of streaming technology has resulted in smooth playing of video games at home.
In the coming years, the world of gaming is predicted to grow very strongly. The growth of internet connection and streaming technologies are providing more options for gamers to play with friends and family across the world. Video games have become an important social activity. People all over the world spend hours playing World of Warcraft and League of Legends. They also form networks and discuss issues in the gaming world.
As discussed above, gamers are spending more time online. This trend is set to continue with the popularity of video games in the coming years. The rapid growth of mobile phones and other handheld devices are also expected to increase the demand dynamics of the gaming industry in the coming years. The popularity of online strategy games like World of Warcraft is also expected to increase. This is mostly attributed to the increased level of interactivity that these games provide.
As long as there is demand there will be supply. Online gaming is here to stay for the foreseeable future. There is a huge demand for content in the gaming industry. There is always something new to learn, experience and/or buy for people who love to play games. The popularity of video games is not likely to see any major changes anytime in the near future.
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