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Future spotting: 6 gaming-based methods to experience brand leveling

Read Time:4 Minute, 56 Second

When you hear the word “gaming,” what comes to mind? There is a lot more to it than just staring at a computer screen. The gaming sector is currently one of the fastest expanding. The Gaming Market is estimated at USD 198.40 billion in 2021 and predicted to reach USD 339.95 billion by 2027, representing an annual growth rate of 8.94 percent between 2022 and 2027.

Because of the nationwide lockdowns imposed due to the COVID-19 outbreak, some individuals turned to video games to pass the time. A lot of people joined various game programming courses in order to fulfill their passion for gaming. As a result, these sites attracted tens of thousands of additional visitors to the internet. Video gaming has recently seen a significant increase in gamers and income. Three of the top four worldwide gaming markets by consumer spending are China, Japan, and South Korea.

Social Gaming – New Social Media 

With the emergence of the Metaverse, businesses now have the opportunity to further modify the social experience in virtual game worlds for an already receptive audience.

AR is becoming ideal for mobile games because of its immersive and interactive technologies. Furthermore, the most popular AR category in app stores is mobile games. Aside from previously released AR mobile games that are still popular, such as Pokémon Go and Ingress, numerous new contributions to the genre developed by vendors worldwide.

Discord is an instant chat and digital distribution network that has grown in popularity in the last three years. It’s designed exclusively for video game players, including ways for them to find one another, coordinate play, and communicate while playing.

Discord has become a popular platform for game marketing and companies, with a focus on Metaverse gaming. It has about 300 million registered accounts and over 140 million active monthly users. One of the major catalysts for the rise of mobile gaming is the availability of a free-to-play option. These games are free to download and play, but they usually contain adverts and offer in-game upgrades that are chargeable.

E-Sports – emerging the Gaming Community

The most prevalent method of promoting E-Sports tournaments is through live streaming. Co-streaming is becoming increasingly common these days. During E-Sports tournaments, two influencers or streamers collaborate to double their viewership and increase revenue for themselves and platforms like HotStar and YouTube.

The audience is presented to new streamers/players to follow, which is a simple yet effective technique to establish a community where people with similar interests may engage in real-time.

Blockchains/NFTs and Crypto in the Gaming Industry

The advent of blockchain has resulted in a more decentralized future in which players control the assets (NFTs) they win or buy and can move them to another game. GameFi is a term used to describe the gamification of financial systems to generate profit from play-to-earn crypto games.

Players play to gain rewards rather than to win. Which is what sets them apart from other games. Axie Infinity, the largest of all crypto games, has elevated GameFi to new heights. Some users are investing eight or nine hours/day on Axie Infinity, which equates to about $30-$50 per day.

Cloud Gaming

As per the market reports from 2017 to 2030, the Asia-Pacific cloud gaming market will grow at a CAGR of 29.6% approximately. Casual and “mid-core” players who emphasize convenience and value will benefit greatly from cloud gaming.

It provides individuals with seamless access to the content they enjoy in other parts of their lives, such as Netflix. Almost all the major video game companies, including Microsoft, Sony, Google, Nvidia, Tencent, and Amazon, now offer their games through cloud-based subscription services. Users only need smart TVs and lightweight streaming devices like Chromecast or FireTV to connect. Everything happens in a cloud data center, and the output is delivered to households via streaming video.

In-game/in-app Assets Purchase

Offering customized and personalized things is one way to entice your clients to make an in-app purchase. For example, including the user’s name into the item’s design or allowing the user to customize products.

This successfully satisfies the demand for self-expression among Gen Zs, the game industry’s largest audience demographic. Apex Legends is one game that offers customizable stuff that successfully employs color psychology. The game made almost $90 million in the first month of release through in-game purchases across several platforms.

VR gaming and Metaverse 

Virtual reality is expected to deliver some of the most exciting gaming experiences in the coming year & headsets like the Meta Quest 2 are becoming more affordable thanks to lowering hardware prices.

According to a recent Worldpay survey, nearly 100% of Chinese customers have used AR or VR technology in a few forms at least once, and more than half of them use it at least once each week. Gamers were totally committed to virtual reality long before it became mainstream among professionals such as surgeons employed by the military. In particular, the last five years have seen a gradual increase in VR gaming adoption, with an increasing number of high-profile franchises being accessible via HMD technologies.

While some businesses created fully immersive VR experiences from the ground up, others could use existing VR games or platforms to engage their audiences. Wendy’s figured out a way to interact with Fortnite players in the virtual world. The firm used a virtual environment to sell its goods, even though it was not specifically a VR experience that required a headset.

Wendy followed an avatar styled as Wendy who emerged on the online battle game in her maiden Twitch live, which received a Gold Clio. To know more about the game industry and its emerging culture across the nation refer to game design courses that will equip you with high-quality gaming skills and knowledge. 

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