Growth in Video Gaming Industry

By having increasingly more comfortable lifestyles due to the development of technology and science, there has been a rise in interest levels that people have towards entertainment. One of the most popular tool for entertainment in our lives are games, this has been the case even 5000 years ago. In modern times, video games is the newest take on this form of entertainment and is a rapidly growing industry. According to online news, more than 1.2billion people are using online/video games, and the digital market has grown from 83.6 billion to 107 billion between 2014 and 2017. Also, there is 9.4 percentage of growth rate in the video game market. Its prospect is also bright. According to statista.com’s data, the value of the video game industry in the United States will reach 20.28 billion by 2020. These projections show that the gaming industry is booming. However, at the some time, significant competition is also expected.