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Video Game Industry Is One Of The Biggest Industries On Globe

Video Game Industry Is One Of The Biggest Industries On Globe

video game industry

The video game industry is one of the largest industries in the digital market. There are more than 1181019 video games available on the Internet! Thus, you shouldn’t ignore the potential and power of the Gaming Industry, just like you ignored the upper digit.

So, let’s know about the rapidly increasing and record-breaking Video Game Industry.

  1. What is the Video Game Industry?
  • The video game industry is a widespread gaming industry that involves video game development, marketing, and monetization of video games.
  • The Video Game Industry follows a proper chain like any other industry for further expansion.
  1. Starting Phase 
  • Its journey began with the launch of the first video game, Pong, in the early 1980s.
  • Pong was released for Atari, founded by Nolan Kay Bushnell.
pong game

via 80scomics

  1. How Big is the Gaming Industry or going to be?
  • It is already a thriving industry of the world.
  • According to the research, the gaming industry is going to $180.1 billion in revenue in 2021.
  1. Sectors of the Video Game Industry
  • But do you know how the gaming industry is hitting the charts so high?
  • The Gaming Industry is divided into different sectors, like Mobile, PC, Console.
  • Every video game sector has different types of games and developing teams.
  1. Game-Chain
  • Gaming Industry works in a chain that is connected and pretty well-defined.
  • The games are Developed, Published, Distribution, Retailers, then it reaches the Customer, and then the chain keeps going.
Gaming Industry map

via hackernoon

  1. Rise of Video Game Industry
  • Most of the companies and industries suffered a lot during the 2020s lockdown period due to pandemics. Nonetheless, the same years turned out to be golden ones!
  • Due to the pandemics of the 2020s, new games were introduced, attracting many gamers and non-gamers.
gaming sector revenue

via goodgamers

  1. Indian Gaming Industry
  • The gaming industry in India is growing day by day. Many talented video game developers are creating masterpieces regularly.
  • Recently, Raji: An Ancient Epic was developed by the Pune-based company Nodding Heads Games.
Raji: An Ancient Epic

via godisageek

8. Benefits of the Rise of the Video Game Industry in India

  • With the boost of the video gaming industry in India, various job opportunities were opened for many.
  • These include the roles of Managers, Gaming Head, Game Distribution Head, Game Testers and tons of other golden employment opportunities!
  1. Largest Video Game Company
  • Sony Interactive Entertainment became the largest video game company with a revenue of $25 billion.
  • Sony launched Playstation 5 in 2020, and by the end of March, six million PS5 Consoles were sold worldwide!
Sony Interactive Entertainment

via slnmedia

As a young gamer of the 2020s (the era of coronavirus and more), one observes that, during such lockdowns, video games are one of the best sources of entertainment and mood-boosters. Furthermore, for India, the industry has opened a golden period in the lives of many youngsters! So, if you are into video games, serious about survival but unemployed–once ready, give it a shot! And soon, you can proudly convince your family to enter the Gaming Scenario.

Blog Edited By Ritika Gupta

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