Topics In Demand
Notification
New

No notification found.

How technology is advancing in online gaming?
How technology is advancing in online gaming?

April 17, 2021

14

0

The global gaming marketing was valued at $162.32 billion in 2020 and is expected to reach a value of $295.63 billion by the year 2026.

 

We can’t deny the fact that online gaming platforms are revolutionizing the online gaming segment. Many things like patience tests, enhancement of skills, and the blood rush are highly involved when it comes to online gaming. It improves concentration as well as cognitive skills. People’s inclination towards the usage of online gaming surpassed the expectations, giving a major push to the sector.

 

There are various factors and angles associated with technology’s role in advancing online gaming and a few of them are listed below.

 

Convenient and Circumspect payments

 

Online transactions and payments have become super easy processes and the credit goes to blockchain technology. Players are no more threatened by the thought of making payments and its security. What is more relieving for the players is that there are the least chances of money laundering owing to advances in digital security. Further, players can easily deposit and withdraw, without any fear of losing data and their details being compromised.

 

Higher Definition Displays

 

Online gaming has become much more exciting as it enables us to enjoy games with the HD graphic experience which has been made possible by monitors with 4K capabilities and OLEDs. It gives you a realistic experience and makes you feel all really like you are right inside the game you are playing. Many online gaming platforms are trying their best to give players a delightful experience with their updated, unique, and immersive graphic levels. They are coming up with almost every feature which can enhance one’s experience with online gaming.

 

The Emergence of Cloud Gaming

 

According to Grand View Research, the global cloud gaming market is expected to reach USD 7.24 billion by 2027, growing at a compound annual growth rate of 48.2% from 2021 to 2027. The prevalence of enhanced cross-platform gameplay is anticipated to drive market growth as it improves the gaming experience. Additionally, the easy access to games on the cloud with increasing penetration of internet services as well as network infrastructure developments that enable gamers to seamlessly stream XR gaming are also contributing to the growing demand for cloud gaming.

 

The Future of Online Gaming

 

According to Mordor intelligence, “The global gaming marketing was valued at $162.32 billion in 2020 and is expected to reach a value of $295.63 billion by the year 2026 registering a CAGR of 10.5% over the forecast period (2021-2026).” AI (Artificial intelligence) has added yet another twist and fun to this vertical. You think, you create and you explore, that’s exactly how it is done. The number of online gaming geeks is increasing at the pace of a forest fire. Further, virtual-reality gaming is the fast-evolving vertical in India.

 

Source: Financial Express/Varun Mahna


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


Sanketsahni

© Copyright nasscom. All Rights Reserved.