Advancements in technology have brought significant in different sectors. One of these sectors is the online gambling sector which has experienced tremendous growth thanks to technological innovations. So, what are these technologies that are causing shock waves in the online gaming industry? Read on to find out more.
Reports suggest that the global mobile gaming industry reached around 79.5 billion USD in value. This means that mobile gaming accounted for more than 50% of the total online gaming revenue. Besides that, experts project that the industry will keep growing, and by 2027, it is projected to hit the 250 billion USD mark. It is also projected to have a compounded annual growth rate of around 17.8%.
Other studies revealed that around 5% of all mobile users today are willing to use mobile devices for online gaming. This means there are more than 200 million mobile gamers out there. Some of the reasons that have fueled the growth of mobile gaming include:
- Privacy. Many gamblers in the current world prefer to keep their gaming ventures private. In this sense, mobile gaming allows these kinds of players to enjoy their favorite games privately.
- Convenience. One of the biggest strengths of mobile gaming is the ability to play on the go. Users can enjoy their favorite game from wherever they are as long as they have an internet connection.
- Safe payment solutions. Mobile banking has become mainstream, and players can easily use the technology to deposit and withdraw from their mobile casino accounts.
- Ability to play for free. Social casino gambling is also a major trend in the gaming market. This has also contributed to making the industry very popular globally.
Online casino operators have seen this development and invested in their mobile platforms to make them more effective. As a result, there are many online and mobile casinos that you would be spoilt of choice. In this sense, you need a site such as Internetpokies.org/online-casinos/real-money/ to discover and choose from a variety of the best real money casinos you can use.
VR and AR Gaming
Virtual Reality and Augmented Reality are popular technologies in the gaming industry. The video gaming and casino industries have gotten different versions of VR segments in the recent past. However, it will still take some time for VR games to become a global trend. But, some online casinos are already offering VR games.
On the other hand, Augmented Reality online casinos are also emerging. This makes AR a key technology that is shaping the gaming industry’s future. These kinds of games offer players a more immersive gaming experience that even brick-and-mortar casinos cannot match. For example, you can virtually access the betting limits and tables without physically visiting the casino.
Moreover, AR and VR enable players to enjoy games in angles that they couldn’t before, making the games more immersive. But, players need to have VR goggles and other similar equipment, which is still costly at the moment. As the trend grows, industry experts expect the prices to drop.
Blockchain technology has also played a critical role in shaping the gaming industry’s future. One of the most notable benefits the technology has brought to the industry is the transparency levels it brings, thanks to its permanent verification procedure. The technology allows the parties involved to access a distributed ledger, having verified records that no one can manipulate. As a result, the betting system becomes more trustworthy.
Additionally, the technology protects the parties involved against malpractices in the industry. The blockchain system helps to check questionable practices and ensures that personal information is safe from unauthorized access. Finally, the technology promotes player anonymity because of crypto casinos.
In recent years, smartwatches have become trendy, forcing online gaming operators to rethink their strategies. For instance, many online casinos are exploring ways to make it possible for their players to wager from their smartwatches. Consequently, industry commentators project that smartwatches will take over smartphones because they are more convenient and accessible.
Some market experts project that the smartwatch market will reach around 33 billion USD globally by 2022. They also project that gaming will play a critical role in the projected growth. Moreover, you should also expect to see software developers crafting casino games that you can easily play from different devices.
Technological innovations play a critical role in ushering different industries into a better future, and the online casino market is not an exception. In this regard, players should expect the technological trends discussed in this piece to change how they enjoy online games. They should expect a better gaming experience.
Therefore, if you are an iGamer, you should brace yourself for better times ahead. The games will become more immersive and more accessible, which is excellent news, right?