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Emerging Trends In The Online Video Game Industry

George Duncan by George Duncan
February 21, 2023
Home Latest Technology

The online video game industry has made great strides over the last few years. Not only is technology a significant part of our daily lives, but these futuristic advances in game technologies have also made it possible for various opportunities for gamers and developers. 

The latest tech innovations in video games hope to create intelligent, interactive games for the best user experience. Processing large amounts of gaming information in real time requires providers to use powerful computer processors, the most modern gaming technology, and high-speed internet service. The same has been confirmed for gamblers that look for online casino reviews before choosing an online provider. 

The top online games in 2023 are 3D titles in virtual environments that connect gamers worldwide in real-time. With the integration of modern technology in today’s games, the future of online video gaming is a worthwhile investment for everyone involved. There are other trends coming to online video games in 2023, as well.

China's Tencent, miHoYo remain on top of their industry with world's most  lucrative mobile games, despite sluggish market | South China Morning Post

Article Summary show
NFT Gaming
AR and VR Technology
Cloud Gaming
Wearable Gaming Technology
Cross-Platform Gaming

NFT Gaming

Non-fungible tokens (NFTs) are digital assets such as images, memes, avatars, videos, virtual land, game accessories, and more. When used on the blockchain platform, each NFT has its own digital footprint to provide security and can only be possessed by one individual at a time. NFT gaming gives unlimited opportunities to developers and gamers by leveling the field with a play-to-earn gaming model. 

NFT games have become more mainstream and have provided an easy way for many to earn cryptocurrency while playing their favorite games. This trend will continue to significantly impact the industry as NFT marketplaces become more prominent players in the online video gaming industry. In addition, NFT games will also help crypto investors that own their own assets create new ways to make revenue.  

AR and VR Technology

 

The online gaming industry has already created many Augmented Reality (AR) and Virtual Reality (VR) titles and will surely add more in 2023. However, game developers have prioritized taking the industry beyond imagination by offering the immersive gaming experience these technologies bring to the table. These games provide ultra-realistic 3D imaging within realistic virtual environments and real-time player interaction.  

VR games require players to use a headset to get the whole experience in a virtual world closer to reality. Augmented reality simply inserts a virtual environment within the real world using the surroundings. 

Pokemon GO is an example of an AR title using GPS and gyroscope technology to create an AR environment. The VR market is set to move beyond $250 billion in the next five years, while AR valuation will be at over $300 billion by the end of 2023. 

Cloud Gaming

Cloud services and applications have been one of the biggest disruptors in the industry by offering businesses and individuals low-cost, reliable tech solutions. Cloud subscription providers like Amazon, Microsoft, and Sony enable gamers to play their favorite titles without having to purchase expensive high-end hardware. The only requirement to engage in the fun is a high-speed internet connection. 

In recent years, some cloud gaming companies failed to gain popularity because of a lack of sufficient hardware. However, 2023 will offer better solutions to these issues for game developers and investors in the industry. 

Wearable Gaming Technology

Wearable technology companies have been developing their technology for players to enjoy video games, whether or not they use their smartphones. Most of these providers began by offering fitness applications for people to use without needing a mobile device. Using wearable technology, players can become involved in their favorite games while standing up and walking around a virtual map. 

Cross-Platform Gaming

Developing video game titles that players can run across various systems and consoles has always had its share of setbacks. However, new tech advancements have enabled the development of games that allow players to access them on different platforms. Also, it helps game development by increasing market revenues, which can help stabilize the cost of developing future multiplatform games.

George Duncan

George Duncan

I have over 10 years of experience writing about tech and gadgets. I write articles about Android, iPad, iPhone, Windows, Mac, and other tech products. My focus is on writing product reviews and features for tech news websites and newspapers.

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