the rise of smart devices and the availability of the internet, a lot has
changed in the gaming industry. The various gaming platforms are available to
access the options to play games such as poker, casinos, sports, and bingo.
These include desktop PCs and laptops, mobile apps for android and iOS devices,
and social media platforms that encourage players to link their profiles
through these platforms. There are also online streaming services that utilise
live internet onto gaming channels that users can watch.
The iGaming industry reached $173 billion in 2021. iGaming is expected to
grow rapidly in popularity in the coming years. A global research firm,
predicts that the global online gaming market will be $314 billion by 2027.
This represents a compound annual growth rate (CAGR) of 9.7% between
2022 and 2027. By the end of 2022, the global online gaming industry is
expected to reach $200 billion in revenue, making it one of the fastest-growing
article explores the growth of online gaming, which has increased dramatically
in the past decade.
global online gambling market has played a significant role in the growth of
the iGaming industry as they are worth $57 billion in 2021. Technologies such
as online gaming and mobile wagering have advanced rapidly in recent years,
giving them new opportunities to attract customers. Additionally, they are
improving how games are created, thus providing users with a more satisfying
The increased use of the internet, the rise of smartphone use, and the
creation of high bandwidth network connectivity, such as 5G internet, have led
to further growth in the demand for video games. The GSMA, a leading global
association of mobile operators, reported that as of November 2021, numerous
mobile operators had launched commercial 5G services. This will, in theory,
help to open the door for mobile companies to introduce 5G smartphones within
Internet usage increased by 7.7% in 2021 in regard to the number of
people connecting to its services, according to DataReporal's latest report.
The report also showed that Internet use totalled 4,950 million in January
2022, which is 4% greater than the users reported in January 2021.
Indeed, it can now be argued that the best years of real money casino entertainment have now arrived, as punters
are able to enjoy a number of technological advances and the result of improved
accessibility to high-speed internet.
The most popular form of iGaming around the globe has been found to be
via mobile devices. A new market report says that mobile game consumer spending
reached $93.2 billion in 2021 — surpassing more conventional and traditional
forms of gaming.
One of the primary reasons for mobile gaming's popularity is that it can
be played anywhere. The majority of people now have mobile devices such as
smartphones that are capable of playing high-quality games. There has been an
increase in demand for mobile games, which has led to various technological
advancements and improvements occurring, including augmented reality (AR),
virtual reality (VR), cloud gaming, and 5G. Furthermore, 3 billion people were gaming on their mobile
devices in 2021. The growth of the mobile gaming industry can be attributed to
its cohesive and innovative user experience that includes exciting features
such as loyalty programs and in-app purchases.
The Asia Pacific region is expected to experience the most growth in the
gaming industry, with China, Japan, and South Korea predicted to be the
The male population is estimated to make up a more significant market
share of the iGaming industry due to the popularity of male-oriented games such
as racing, sports and action. However, the female population is increasing as
more females are becoming involved in online gaming, such as Twitch, which
allows them to gain followers.
Finally, as blockchain technology becomes more mainstream, game companies
will increasingly look to integrate it into their platforms. We expect this
technology to become a standard feature on gaming consoles, enabling gamers to
engage in in-game asset trading and peer-to-peer transactions. The increased
adoption of blockchain technology by gaming companies will augment the overall
gaming market size.