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PC gaming is set to outperform both mobile and console gaming in revenue growth, with a projected increase of 4.0% Console gaming, on the other hand, is anticipated to see a slight decline of 1.0% from 2022 to 2027. The number of gamers worldwide is expected to reach 3.42 billion in 2024, a 4.5% increase from the previous year.
of the CAGR to reach US$1535B by 2027. Developers are constantly seeking the best tools to create engaging, high-performance games that can run smoothly on a wide range of Android devices. Two of the most popular game enginesUnity and Unreal are the top choices for Android game development.
In fact, 2023 has had some of the biggest game development trends thanks to the increasing use of advanced technologies, such as artificial intelligence (AI). Also, the introduction of ground-breaking AI-powered solutions, including Chat GPT, has further inspired new game development trends. Initially, gaming was pretty expensive.
In this blog post, I delve into these trends, dissecting their implications and exploring the broader implications for stakeholders—from seasoned developers to aspiring entrepreneurs. But what is truly alarming for anyone developing new games is how little time players spend playing new games versus enjoying the incumbent franchises.
Meanwhile, metaverse spaces on mass market devices, like game consoles and cellphones, continue to attract enormous audiences, most especially young people. “Currently, Gen Z spends 15 percent of their ‘fun budget’ in the metaverse and it’s predicted to climb to 20 percent by 2027.
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