What Should You Know About E-Gaming in 2024 and Beyond?
Recently e-gaming has emerged as a notable buzzword that has captured the industry’s attention strongly. As of now, the global market size of e-gaming is over $224.9 billion which is projected to achieve an impressive revenue growth of $610.6 billion in 2032 (Source: Precedence Research).
So, to flourish your business in this segment, seeking assistance from a reliable mobile game development company will be useful.
Now!
Let us know:
What is E-Gaming?
E-gaming denotes online video games that you play with gamers across the world using smartphones, desktops, streaming platforms, consoles, and other devices to obtain amusement and thrill. Unlike esports, you do not have to pay a registration or an entry fee when proceeding to play e-games.
Presently, the quality of e-gaming services is steadily evolving with the emergence of Web 3.0 technologies like Blockchain, NFT, Metaverse, IoT, AI, and so on. This is eventually boosting user engagement and revenue flow quite impressively.
E-Gaming Vs. Esports: What is the Main Difference?
Esports are competitive gaming tournaments where users have to pay a specific money amount either to join as a player or as spectators. Esports are mainly organized for exceptionally talented and experienced players to showcase their skills and brilliance to earn prizes and recognition.
E–gaming encompasses conventional online games and esports due to which it is a vast segment that covers demanding genres like Action, Adventure, Multiplayer, Casinos, Horror, and so on that you can enjoy with other gamers when playing as a team from anywhere. In short, e-gaming covers both free and premium online games that you enjoy using the device of your convenience.
It is time to know the:
E-Gaming Business Models
Developers and publishers of e-gaming mainly utilize monetization models like:
- Freemium
It involves serving free gaming apps to players where they only have to pay when acquiring new assets like characters, skins, powerups, and so on to overcome competitive levels. Presently, it is one of the popular monetization options for every mobile game development company.
- Subscription
In this model, players will not have the scope to access every level of a game. They must pay a subscription amount to unlock new levels and stories to obtain surplus joy when playing. This model works when players are impressed after playing the free version of your game. Subsequently, they will always be ready to spend money to experience new updates and content in your game.
- Advertisements
It is a profitable monetization option where you allow advertisers to use your game app to promote their products and services. In return, you receive a specific amount of money based on the views, impressions, and clicks on the displayed advertisements by users.
- Premium
In this model, users have to buy the entire game to derive unlimited entertainment. However, to ensure the success of this model, you must have the reputation of creating amazing online games. It will automatically influence people to purchase your newly launched online games.
E-Game Development Tools and Technologies
Game Engines
Developing e-games requires immense experience and strong knowledge of using leading-edge game engines to obtain the desired outcome. Presenting some of these notable development tools below:
- Unity
- HTML5
- Unreal
- Cocos-2D
- Cry Engine
- Godot
Technologies
Similarly, when working on an e-gaming project, developers also incorporate next-gen technologies that will bring your idea to life flawlessly. Let’s take a look at some of these technologies that have the potential to elevate the gaming experience of your end users.
- Artificial Intelligence (AI)
- IoT (Internet of Things)
- Machine Learning (ML)
- AR (Augmented Reality)
- Virtual Reality (VR)
- Blockchain
- NFTs
How to Choose the Best E-Gaming Company?
As the market of e-gaming is booming, enterprises are quite interested in obtaining game development services that will match their business objectives and goals. However, finding a reliable gaming company is a very time-consuming effort. Hence to save you time and money, we have prepared a list of the top 10 game development companies.
At the same time, you have to focus on certain points when selecting the ideal e-game development company of your choice. Let’s have a look:
- Industry Duration
- Knowledge of Cutting-edge Tools and Technologies
- Project Management Process
- Compare Portfolios
- Read Case Studies
- Assess Market Reputation
- Compare Service Charge
Final Thought
The popularity of e-gaming is rising with time. Currently, the population of online gamers is above 3 billion (Source: Truelist).
So to engage this vast user segment, you have to concentrate on creating top-quality e-gaming platforms that will captivate their attention till the end. For assistance, communicate with a recognized game development company to achieve the desired result on time.
