Impact of Game Industry in Business Today

The world we live has changed dramatically because of the invention of technology and internet. Game industry has become one of the successful business and has been growing into a global entertainment industry today. It is the economic sector involved in the development, marketing, and monetization of video games and have been available for more than 30 years (Essays, 2016). Video games or digital games have become a form of popular and unique entertainment that require user to interact with the user interface on the screen or monitor using an electronic device or machine (Cheong, et al., 2017).

There are some impacts of game industry in business today. The first impact is sales and income. This impact is more specific toward the sales of game software and the items in the game. Most of the games tend to generate income based on the items in the game such as energy and power. Besides than that, online game increases the player social activity today. Because of the player social activity, the gaming environment become more competitive and they are willing to pay more in the game. According to Southeast Asia Games Market Report (2014) and NewZoo Global Games Market Report (2016), the revenue generated increased by about 2.5 time in 2 years from 2014 to 2016. Thus, people tend to addict to the games with the emergence of internet. Due to this reason, the revenue generated by games industry will continuing increase.

Moreover, game industry provides job opportunities. There are a lot of job opportunities that related to the game industry. One of the common job opportunities of video games is the development and maintenance of video games. Video games consist of software and hardware. For example, software consists of users’ interface and the background program. It requires designer to construct and design the interface that can attract the players. Those programs also require some professionals from computer science to support their database or source code of the games. In addition, there are some of the video games are streamed live on the website such as YouTube. Hence, caster is needed to explain the happening of the games or a video games streamer to earn money (Cheong, et al., 2017).

In a nutshell, game industry is the economic sector involved with the development, marketing and sale of video games. It encompasses numbers of job disciplines and employs a lot of people worldwide. In recent years, the video gaming industry has been growing rapidly and it may grow in the future (Essays, 2016).

References

Cheong, H. Y., Choo, W. L., Lim, C. W. & Ting, T. T., 2017. Video Games and Its Economy Impact in Southeast Asia Country. 2(1).

Essays, U., 2016. An Analysis Of The Video Game Industry Marketing Essay. [Online] Available at: https://www.ukessays.com/essays/marketing/an-analysis-of-the-video-game-industry-marketing-essay.php [Accessed 20 November 2018].

NewZoo, 2015. Southeast Asia Games Market, The World’s Fastest Growing Region

Casual Games Sector Report 2015. [Online] Available at: https://cdn2.hubspot.net/hubfs/700740/Reports/Newzoo_Casual_Connect_South_East_Asia_Games_Market_Report.pdf [Accessed 20 November 2018].

NewZoo, 2016. 2016 Global Games Market Report. [Online] Available at: https://cdn2.hubspot.net/hubfs/700740/Reports/Newzoo_Free_2016_Global_Games_Market_Report.pdf [Accessed 20 November 2018].

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