Without mincing words, this is undoubtedly the right time to invest in the gaming business. Thanks to the global health challenge, many people were stuck at home. The recent health situation has opened the gate for the major players in the industry who could turn to online games for companionship and entertainment.
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Sony and Microsoft rose to the occasion with beefed-up consoles for users during the holiday season. NVIDIA is making frantic efforts to create more affordable 4K performance for PC gamers. The low-cost VR headset from Oculus also boosted VR-based gaming. It’s high time we looked into why the industry’s major players consider this one of the best times for their business.
1. Mind-Blowing Preorders for Sony and Microsoft’s New console
Earlier this week, Microsoft opened the door for the preorder of its next-gen Series S and X. unsurprisingly, it sold out. The pre order was so impressive that a host of retailers’ sites couldn’t handle the request, crashing down.
Stats from Movers & Shakers show that there was a 740% increase in preorder for Xbox One X in comparison with the previous day. The overwhelming request doesn’t seem to reduce as Microsoft offers a more affordable $299 low-feature Series S model in addition to refreshing its $499 Xbox Series X, its premium model.
Sony has also recorded impressive preorders for its Sony PlayStation 5. The company will roll out two versions of its next-generation console. Hoping to hit stores in November are the $500 model that comes equipped with a Blue-Ray drive and the disc-less version at just $400.
Some retailers were responsible for the preorder hitches. They made orders a day before the scheduled preorder day. As a result, the PlayStation 5 was sold out to the displeasure of many potential buyers who were caught unaware. In response, Sony calmed nerves by promising buyers who missed out on the preorder that the company will release more consoles to meet their demands.
2. Cloud Gaming to Experience an Explosive Growth
Another area of the gaming industry that experts are optimistic about is cloud gaming. They are predicting a lucrative 2021 for that sector of the gaming industry.
In 2021, over 25 cloud gaming services will expectedly be launched. This will push cloud gaming to $12billion within the next four years of their launch if the words of OMDIA are anything to go by. According to this research firm, the relatively small global gaming sector is expected to grow from $1.4billion in 2020 by some 54% between 2021 and 2025.
Many dedicated players are not comfortable with cloud gaming. For instance, although Stadia was launched in 2019, it hasn’t achieved the desired success projected by its parent company, Google. Its game library is paltry in comparison to Sony and Microsoft, one of its undoing. Console and PC gamers are notable for their selectiveness when choosing games. More so, Stadia has failed to provide 60fps-class and 4K performance while some of its titles are less than compelling. These factors have undermined Stadia’s dream of getting the attention of high-end users.
While Stadia is struggling with breaking into the mainstream gaming industry, Microsoft’s Xbox Game Pass has garnered rave reviews from players and critics alike. This game already has some 15 million subscribers while several millions are expected to join the company’s cloud gaming next year upon the release of its anticipated Xbox Game Pass Ultimate in 2021. This version of the Xbox game offers cloud gaming service.
Accepting the challenge, Apple rolled out its Arcade service last fall. The company attempts to have control of a section of the gaming market too. Its target audience is families with kids. However, its library of games is filled with mobile titles and thus may not be attractive to PlayStation and Xbox enthusiasts. The company can leverage the large market available for casual gaming. With its Apple One service, the company can also have a share of the market, especially if its Apple Arcade subscription becomes more accessible and affordable for households using multiple Apple devices.
3. Next-Generation Hardware that Will Change the Face of the Game
The PC and console segments of the industry are creating improved hardware. The goal is to ignite gaming passion in more people as they offer a better gaming experience. The PlayStation 5 and Xbox Series X will use the graphics processing unit from AMD and the Zen 2 CPU from the same company. Although the CPU comes equipped with different clock speeds, the processor performance is undoubtedly a welcome development. With the 16GB embedded memory, gamers are in for stunning games, with either the 4K or the 8K resolution. The refresh rates will be limited, though.
There should be virtually non-existent load times for gamers, thanks to the super-fast solid-state drives incorporated with custom SSDs in PS5 and unique system architecture for others. The ray-tracing technology incorporated into the new consoles makes the shadow and light in the games look very realistic.
This experiment doesn’t leave PC gaming out. Intel and AMD processors have proceeded with their innovation. Intel manufactured an amazingly fast 10th Gen Core 19 desktop processor with 20 threads and 10 cores. The processor’s speed of 5.3GHz is impressive.
AMD also makes some difference with its Ryzen processors. These third-generation processors offer robust gaming performance without burning a hole in players’ pockets.
While PC gaming on the desktop still maintains its high ranking, laptops are not slowing down. They have increased their graphics and processing powers too. NVIDIA still remains the go-to brand for PC gaming. With its GTX 16 and GeForce RTX 30 series, gamers have access to high-level performance that was hitherto considered impossible a couple of years back. This is undoubtedly the right time to use laptops for PC gaming.
It is noteworthy that there are some challenges, especially the supremacy battle between Apple and Microsoft. Apple doesn’t allow Microsoft to use its App Store to promote its Game Pass app. Apple’s strict policy also pitches it against some other heavyweights in the IT sector.
Nevertheless, the gaming business has growth potential. You should leverage this opportunity to invest in the gaming sector.