Prospects of Gaming

Video games have steadily grown in popularity. In recent years, video games have become increasingly socially beneficial. More people play games than watch movies.

The popularity of video games has continuously increased over the years. The trend has increased as the social benefits of video games have become increasingly apparent. The gaming industry is currently larger than the film and sports industries combined.

Gamers will reach 3.6 billion by 2025, with $184 billion in revenue in 2022. In addition to children, 38 percent of gamers are between 18 and 34, and 16 percent are beyond 55.

What's next, then? Culturally, gaming will continue to grow in popularity. Yet, what technological advancements define the future of video games, and how will they impact the gaming experience?

Virtual Reality

Virtual reality (VR)—three-dimensional simulations accessed via headsets—has offered gamers the promise of an immersive experience for decades. Yet, technology has been slow to fulfill this promise.

Virtual reality has been five minutes away from a breakthrough for the past eight years.

VR is still a niche market compared to the rest of the gaming industry, and sales and production reflect this: global exports of VR and AR equipment decreased by 12 percent in 2022. And despite its popularity, it continues to cause pause among many buyers.

Although virtual reality has encountered a few setbacks, tech and gaming businesses invest significant resources in developing VR technology and games to grow the sector. In recent years, companies like Meta, Valve, PlayStation, and Samsung have entered the VR sector.