The global pandemic has drastically changed the world as it is in every way, financially, socially, and psychologically. Analysts from different sources are suggesting that the gaming industry will keep growing in 2023. Gaming and online industries have emerged together and now there’s a gray line between gaming and online gaming. People can now play games online they used to play before offline only, like basketball, soccer, football, baseball, and many different ones. Let’s see what the exact predictions for the gaming industry are in 2023.
People Will Continue to Play Games, Even in Recession
During the pandemic, people looked for ways to have fun while staying safe in their homes. One of the ways many people enjoy spending their time was playing online games to cope with isolation. However, a lot of people continued to play games for enjoyment and as a way of socializing.
It’s predicted that there will be a boom in 2023 for the gaming industry. With the increase in sales for consoles, games, and other gaming kits, there’s no doubt people will enjoy new games this year, too. Only between 2019 and 2021, the gaming market expanded by 26%.
Even as consumers face the recession, the gaming industry will continue to grow in 2023. Whether people are playing traditional video games or online games, there’s no doubt that people like to have fun and relax at the end of the day. People can easily play live casino games online at any given time and have the best experience. With the right game website that’s trustworthy and safe, these industries will only grow.
The gaming industry is believed to grow and unlock new high-profile games with great consoles in 2023.
Growth of Virtual Reality
As many amazing games are set to release in 2023, there’s no doubt the gaming industry will stay here. With the top upcoming PlayStation 5 games, you can experience new dimensions thanks to VR technology.
Video reality or VR technology has been around for some time, from the 1980s to be exact. However, it wasn’t a successful attempt until the arrival of the Oculus Rift back in 2013. After this, VR technology became more popular and game developers have begun to invest more in it.
However, some problems couldn’t be solved so easily, such as the player’s movement, interactions with in-game objects, existence in a digital environment, playability, or the narration of the story. While many developers tried to solve this, the problems remained.
Meanwhile, thanks to improved technology and game developers, people can enjoy many great VR games without these problems in 2023. VR games offer a complete storyline with a unique sense of self-existence in a digital world. Players can feel like they’re driving a car, hiding from enemies on the field, or playing a game in an arcade.
It is estimated that Virtual reality is set to reach $2.5 billion in 2023. With bugs solved, and new upcoming games, VR technology can only grow bigger and reach new players to impress.
Blockchain Gaming in 2023
There was approximately $4 billion invested in the blockchain gaming industry in 2021. However, the year 2022 had its struggles, but the investment in blockchain gaming hasn’t suffered much.
Predictions for blockchain gaming in 2023 look promising. It is expected that this industry will reach around $65.7 billion in four years or in 2027. Since many people are investing in cryptocurrency which is on blockchain technology, it’s not surprising that gamers want the same protection, as well.
High-quality games will become even more popular with a safe and secure transactions supported by blockchain technology in 2023. We can expect 100 million players to join just because of the blockchain. It will definitely be a wave of new players wanting to experience a high-quality gaming world while using cryptocurrency. Blockchain gaming has a vast potential for future growth, and it doesn’t look like it’s going to slow down in 2023 or even reach its peak.
Mobile Gaming in 2023
After the pandemic, the mobile gaming industry experienced a decline in revenue when compared to 2022. People who were casually playing games on their phones while staying at home weren’t so interested anymore. However, with the rise of new trends in the gaming world, this number started rising in 2022.
There has been increasing of around 37% year over year in the gaming industry despite the total market’s decrease. Predictions for 2023 are that mobile games will grow in numbers and people will continue to play various online or other video games. It is believed that the mobile game industry will reach $272 billion by the year 2030.
So, look for new upcoming games and start having the best time with completely advanced technology and play games that feel like out of this world in 2023!