How old is the gaming industry

As home and arcade gaming boomed, so too did the development of the gaming community. The late s and early s saw the release of hobbyist magazines such as Creative Computing , Computer and Video Games and Computer Gaming World These magazines created a sense of community , and offered a channel by which gamers could engage. The video game boom caused by Space Invaders saw a huge number of new companies and consoles pop up, resulting in a period of market saturation. Too many gaming consoles, and too few interesting, engaging new games to play on them, eventually led to the North American video games crash, which saw huge losses, and truckloads of unpopular, poor-quality titles buried in the desert just to get rid of them.

The gaming industry was in need of a change. At more or less the same time that consoles started getting bad press, home computers like the Commodore Vic, the Commodore 64 and the Apple II started to grow in popularity. These home computers had much more powerful processors than the previous generation of consoles; this opened the door to a new level of gaming , with more complex, less linear games.

Even Bill Gates designed a game, called Donkey a simple game that involved dodging donkeys on a highway while driving a sports car. Interestingly, the game was brought back from the dead as an iOS app back in In addition to providing the means for more people to create their own game using code, early computers also paved the way for multiplayer gaming , a key milestone for the evolution of the gaming community.

Early computers such as the Macintosh, and some consoles such as the Atari ST, allowed users to connect their devices with other players as early as the late s. While many users reported that more than four players at a time slowed the game dramatically and made it unstable, this was the first step toward the idea of a deathmatch, which exploded in popularity with the release of Doom in and is one of the most popular types of games today.

The real revolution in gaming came when LAN networks, and later the Internet, opened up multiplayer gaming. LAN gaming grew more popular with the release of Marathon on the Macintosh in and especially after first-person multiplayer shooter Quake hit stores in By this point, the release of Windows 95 and affordable Ethernet cards brought networking to the Windows PC, further expanding the popularity of multiplayer LAN games.

Multiplayer gaming took the gaming community to a new level because it allowed fans to compete and interact from different computers, which improved the social aspect of gaming. This key step set the stage for the large-scale interactive gaming that modern gamers currently enjoy.

On April 30, , CERN put the World Wide Web software in the public domain, but it would be years before the Internet was powerful enough to accommodate gaming as we know it today.

Long before gaming giants Sega and Nintendo moved into the sphere of online gaming , many engineers attempted to utilize the power of telephone lines to transfer information between consoles. The new device, the CVC GameLine, enabled users to download software and games using their fixed telephone connection and a cartridge that could be plugged in to their Atari console.

Unfortunately, the device failed to gain support from the leading games manufacturers of the time, and was dealt a death-blow by the crash of The craze hit the world just a year later, in , with the release of Pong, which was — you guessed it — an arcade version of ping pong.

Since then, the video game industry has taken the world by storm and its revenue is only growing. Which made us ask ourselves — how much is the gaming industry worth? To keep you up to date about the recent happenings in the industry, we have compiled some of the best statistics on the video game industry revenue for Gaming industry stats show that the industry is forecast to grow at a rate of 9.

According to stats on the video game industry revenue by year, the market is forecast to grow at a rate of 2. According to gaming industry statistics for , immersive gaming, also known as VR gaming , is about 20 times more interesting than traditional games. Companies like Bigscreen VR and AltspaceVR two of the big shots in the industry are fast progressing into the future of virtual games , faster than many expect. This is twice that of the North American gaming market. According to gaming industry statistics for , China ranked first among the biggest gaming markets in the world.

As of the end of the year, it had generated a revenue of S dollars. The United States followed closely behind, ranking second with S dollars in annual revenues. The console gaming market has enjoyed a memorable time since However, facts about video games show that is going to be quite challenging for the console gaming market. The mobile penetration rates and gaming smartphone usage continues to skyrocket on a global scale.

Razer is well-known for its gaming accessories and peripherals. Reports indicate that the eSports company has shown keen interest in the growth of the Singapore gaming market. In a bid to bolster the gaming niche in the country, Razer is looking to underwrite gaming companies and eSport teams based in the country. The gaming industry was not one of them. Although not too far off from expert predictions, it is still a bit disappointing.

This growth is expected to continue in the coming years though. We want to thank the star of our show — smartphones. But what type of video games do people play, and which are the most popular? We have more surprises prepared. You know how your grandma just adores Solitaire? Puzzles, arcades, simulations, lifestyle, and bingo-like games are all the craze. Users like simple games that take little time to play. The bigger part of smartphone owners is in the puzzle games fan club.

The top-level gamers competing in the eSports leagues have gained enough recognition that they can apply for the professional athlete visa when entering the U. Gaming has a wide appeal, and it is still growing.

Video games have become so popular on a mass scale that certain players stream videos of themselves playing video games at home and make hundreds and thousands of dollars by doing so. This has become another revenue generation sector of the video game market. As the world becomes nostalgic and we see reboots and remakes of loved films and shows from decades ago, the same is happening for video games. Vintage video games from the early days of the industry are in high demand and have become extremely popular, not only with older players who experienced the games first hand but also with a new generation of players.

Many companies have taken advantage of this nostalgia and released updated versions of their consoles. Nintendo NTDOF , more than any other company, has successfully taken advantage of this interest in retro video games, by releasing Nintendo Classic Mini and Nintendo Switch, two consoles that allow for playing classic Nintendo video games.

This has become a solid revenue stream for companies that were around at the early stages of the industry.

The video game industry has always been about innovation. New technology, new controls, and new experiences are to be expected. As the world moves more and more to time spent on their mobile phones, streaming services, and mobile phone game playing will become an important arena for revenues, and large tech companies will look to leverage their current framework to get involved.

Perhaps the most interesting change in the video game industry is the expanding demographics of gamers. With more people playing games, creating demand for more immersive entertainment, and looking for easier ways to access games, the future of the video game industry looks bright.

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This Day In History. History Vault. The Early Days Though video games are found today in homes worldwide, they actually got their start in the research labs of scientists.