Traditional console makers, like Microsoft, will likely have to compete with cloud gaming platforms whose games available to those anywhere with any decent internet connection. These platforms are pushing the absolute boundaries of technology by offering gamers state-of-the-art graphics, speeds and processing powers. The battle over console gaming is being waged by Microsoft (Xbox), Sony (Playstation) and Nintendo (Switch). The gaming wars of today are just heating up. Not only do we have the continuous advent of new consoles, PCs and devices that are putting us right into the game, but we also have the opportunity to watch some of the best gamers in the world compete in the esports arena and online through streaming platforms like Twitch and Mixer. Pioneered by evergrowing gaming companies, the current gaming industry is pushing the boundaries of technology to create cutting-edge and highly immersive entertainment experiences. These simple games would turn out to be the bedrock of today’s gaming industry and instant cultural phenomena. Nobody could imagine what the gaming industry would blossom into when they were messing around with Pong joysticks in their basements and competing against their friends for the highest Pac-Man scores in the 1970s and ‘80s. The term “entertainment industry” is no longer reserved for Hollywood and the movie industry because gaming is now providing one of the most immersive and awe-inspiring forms of entertainment to more than three billion people around the globe. Its importance to culture, social networking and entertainment cannot be understated. The gaming industry, a current $200 billion behemoth, is arguably one of the most important and innovative sectors in tech today. Image: Shutterstock / built In Gaming Industry Overview
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March 2023
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