The video game industry is rapidly changing with new and upcoming consoles, rising indie titles, and even novel takes on accessories like gaming chairs. From the PlayStation 6 to professional esports teams, there’s a lot to be excited about. However, the community also faces price hikes, threatening its accessibility.
The gaming industry’s popularity surged around the 1970s and 1980s, when arcade games and first-generation consoles took the world by storm. The industry has grown steadily over the subsequent decades, with events including the pandemic bringing more players to the gaming world.
In fact, about 205 million Americans regularly play video games. Publishers and streamers have seen significant growth since the pandemic, as home entertainment offers a safe and social alternative to public events. While gaming was popular before the pandemic, it reached new heights in 2020 amid lockdowns.
Many say they game for entertainment and stress relief, but people also note how gaming brings people together and improves cognition. Sixty percent of adults game every week, and the typical player is about 36 years old. Gamers tend to bring this hobby with them as they age, and the sector truly recognizes that. Various developer decisions and technological advancements made throughout the years keep interest in the sector well and alive.
Numerous exciting trends have recently been set in motion and will continue to evolve. While the future looks bright for gamers, some obstacles could get in the way. Cost could become a significant barrier, as games are heading toward $80 price tags and obligatory subscription services.
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