The video game market is growing exponentially every year. With new technology, there are more opportunities than ever to get involved in the video game industry. Here are 12 business opportunities for those looking to cash in on the gaming boom.
1. Mobile gaming
With over two billion active mobile devices around the world, it’s no surprise that mobile gaming is one of the most popular forms of entertainment today.
There are a number of ways to get involved in this rapidly growing industry, including developing games for mobile devices, creating apps that support mobile games, or even starting a mobile gaming company.
And with advances in mobile technology, the opportunities for businesses in this space are only increasing.
2. AR/VR gaming
As augmented reality (AR) and virtual reality (VR) technology continues to develop, so too does the potential for businesses in the gaming industry to leverage these cutting-edge technologies.
Whether it’s creating games that utilize AR or VR technology, developing hardware for these experiences, or even creating new ways to market and distribute games, there are a number of ways to get involved in this growing trend.
Esports is a rapidly growing industry with a global audience of over 400 million people. And with the prize money for professional gaming events reaching into the millions, it’s no surprise that businesses are looking to get involved.
There are a number of ways to cash in on the esports boom, including organizing and hosting events, creating content around esports, or even sponsoring professional gamers.
The global esports market is expected to be worth nearly $1.6 billion by 2022, making it one of the most promising business opportunities in the gaming industry
4. Online gaming
With over two billion active internet users around the world, online gaming is another huge opportunity for businesses in the gaming industry. Whether it’s developing multiplayer online games or offering game-related services like video game item trading, streaming, or e-commerce, there are a number of ways to tap into this market.
5. Cloud gaming
Cloud gaming is another area with huge potential for businesses in the gaming industry. By offering gaming services via the cloud, businesses can provide a more affordable and convenient gaming experience for their customers.
By 2025, the global cloud gaming market is expected to be worth $30 billion. And with the advent of 5G technology, the opportunities for businesses in this space are only increasing.
6. Game streaming
With the popularity of platforms like Twitch and YouTube Gaming, game streaming is another area with big potential for businesses in the gaming industry.
Whether it’s live-streaming gameplay or creating video content, there are a number of ways to get involved in this growing market.
7. Casual games
Casual games are becoming increasingly popular as people look for quick and easy ways to entertain themselves. And with over one billion active casual gamers around the world, there’s a huge opportunity for businesses to develop games for this audience.
8. Mobile app development
With over five million active mobile app developers around the world, mobile app development is another huge opportunity for businesses in the gaming industry. And with the rise of 5G, the opportunities for businesses in this space are only increasing.
9. Game development
With over 24 million active game developers around the world, game development is another vast opportunity for businesses in the gaming industry. Whether it’s developing mobile games or console games, there are a number of ways to get involved in this market.
10. Educational games
The global educational gaming market is expected to be worth $27 billion by 2022, making it one of the most promising business opportunities in the gaming industry. From developing games that teach kids math and literacy skills to creating games that help people learn new languages, there are a number of ways businesses can get involved in this growing market.
11. Console Gaming
Despite the rise of mobile gaming, console gaming is still going strong. In fact, the latest generation of consoles (PS4 and Xbox One) have been selling extremely well. There are many business opportunities in this space, from developing games to selling consoles and accessories.
12. PC Gaming
PC gaming is also going strong, with Steam being the biggest platform for PC games. There are many ways to get involved in PC gaming, from developing games to selling hardware and accessories.
These are just a few of the many business opportunities that are available in the gaming industry. So if you’re looking to start or grow a gaming-related business, there’s sure to be an opportunity that’s perfect for you.