The Billion-dollar and fastest-growing industry in present and future is the gaming industry. this industry also changes every time, In 2020 the gaming industry work on mobile gaming and e-sport.
many professional gamers earn a million dollars by playing a game. In 2016 third of the world's population around 2.5 billion people were playing video games. more than 660 million people watched other people's video gameplay on twitch or youtube video platforms in 2017.
In the US, a developer can earn around $1,00,000 a year and in India, the Indian developer earns 5,00,000 rupee around $6,000 a year.
we know this industry has a lot of potential in the future, but we talking about this industry we need to know some comment things and also we have some common questions like those.
- What is this industry?
- How does the industry work and grow?
- How much do you earn for this industry?
- How many opportunities in this industry?
so scroll down this article and discover more things about this higher growing and competitive industry.
What is the gaming industry?
The gaming industry is an economic sector which involved with video games, that means all part of video game which interlinked to games like hardware, software, game tools, development, sales, streaming, tournaments, equipment, product, manufacture, etc.
In simple words, the gaming industry is that worldwide people invest and earn money by the gaming, The gaming industry is not only for entertainment or fun but this industry works like other industries.
In the short gaming industry is equal to a growing business.
when we talk about the gaming industry, we need to understand how this industry works.
How does the gaming industry work?
Process or Method of games to get the consumer, we understand that things with a simple example. we divide this work into three-stage for better understanding.
1. First Stage
Video Game Developers create games at a cost of time, money, and costly equipment. this thinks to provide by a publisher because a Game Publisher finances a video game.
This process is very complex and struggling with danger because the game has no future without consumers. If the game can't gain some consumers so that game got to flop and publishers face a big financial loss.
That's why a game developer's job is very difficult and very responsible for all things that are connected with the game.
2. Second Stage
when the developers finish that work of the game, the developer handover game to a publisher, now publisher job started.
The video game publishers get to publish the games in a market; The publishers are an investor of games.
Game publisher introduces a game in a market by marketing, advertisement, and many things which help to gain a lot of consumers. Most gaming companies did the job of the publisher. The gaming company gets income to sell games.
In simple words, the game publisher's job is to take a game to the developer and get to the consumer.
3. Third Stage
At last, a consumer buy game. That thing is most important because the game value is affected by the consumer number. A game value is decided by popularity and several users play games.
What are the jobs in the gaming industry?
The Gaming Industry is more growth in the present and future. In the gaming industry, any type of work and career or job options are available because this industry is very similar to the film industry and it's also connected with the entertainment industry. That's why this industry has lots of career or job options.
Here, We share some of the common job and career prospects in the gaming industry like those.
Common Jobs
- Game Developer,
- Game Designers,
- Game Artists/Multimedia Artist/Animator
- Customer Support Agent in the Gaming industry
- Composer/Musician
- Game Programmers,
- Network Programmer,
- Game/ Script Writers,
- Voice Actor,
- Audio/ Sound Engineers,
- Game Testers,
- Game Management
Self-made career option
here are some more popular career option
- competitive gamer,
- professional gamer,
- live stream,
- individual game developer,
- more things.
Branch of the gaming industry
- Video Gaming Industry
- PC Gaming Industry
- Mobile Gaming Industry
- Online Gaming Industry
- Console Gaming
- Esports
- Gaming Tournaments
Gaming industry prediction for growth and revenue
The global video games market was valued in 2018 at around $134.9bn. The gaming industry has 2.5 billion gamers across the world and they will spend $152.1 billion on games in 2019.
The console will be the fastest-growing segment to $47.9 billion in 2019. Many people's predictions for the gaming industry are Consumer spend on games will grow to $196.0 billion by 2022.
The video game industry is growing so fast that some believe it will reach over $300 billion by 2025.
Best Gaming companies in the world
- Sony Computer Entertainment
- Microsoft Studios
- Nintendo
- SEGA
- Activision Blizzard
- Namco Bandai
- Electronic Arts
- Ubisoft
- Konami
- Square Enix
and also many other companies.
