Gaming Industry Will Continue To Grow

Microtransactions will remain the key factor for increasing profits. 

A recent study by Juniper Research states that the gaming industry will be growing by 30% in the next three years. What will drive the growth? Will such an increase be caused by the upcoming releases of Xbox Series X or PlayStation 5. The answer to that questions is no. 

Forbes studied the new report from Juniper Research to find out that the video games industry’s value will most likely exceed $200 billion in three years which is a way more impressive number that $155 billion in 2020. According to the report, mobile and cloud gaming will be the main growth forces this growth, and microtransactions will still be with us, better than ever. 

The report also noted that free-to-play games like Fortnite and Call of Duty Mobile will make more developers switch to in-game monetization, plus the team states that 99% of mobile game downloads will be F2P.

You can find the original report here

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