A Brief Introduction to the Rapid Expansion of the Gaming Industry

Very few modern industries can claim a year-on-year growth rate of over 30%, especially with the global impacts of the pandemic, which stalled progress within many fields. However, one industry that’s seen incredible growth over the past 20 years and continues to do so is gaming – which currently has a total value of nearly 200 billion USD. But, when you take a step back and realize that there are 3.2 billion gamers worldwide, 2.2 billion of which actively play through their mobile devices, it’s no surprise that this industry has such high revenues. The gaming industry is an impressive facet of technology, representing an intersection between world-class tech, consumer advertising, and a level of community engagement that is rarely seen in other industries. But where exactly does the interest in the gaming industry come from? How has it grown, and why is it so successful? In this article, we’ll be delving into the history of the gaming industry, outlining past progress points and pointing towards current and future developments that keep this innovative industry afloat. Let’s get right into it! Background to the gaming industry The original gaming experiences date back to the 60s, when the development of arcade-style games started to become popular. In those days, gaming was not particularly mainstream, with users having to physically travel to an arcade in order to play. As the 70s arrived and personal computers were re...