Talks on Gaming Industry
Talks on Gaming Industry
The gaming industry growth forecast was made with the contribution of Arman Mamyan
The gaming industry growth forecast was made with the contribution of Arman Mamyan, Chapter lead of IGDA Yerevan and Co-Founder of Game Conference Armenia.
Gaming has so often been painted with the wrong brush — stereotyped as being isolating and unsociable. However, the pandemic has shown this could not be further from the truth. – CEO of online gaming marketplace G2A.com.
The quote above perfectly describes our mission which is why we decided to start this article with it.
If you’re not gaming already, there’s a chance you might be soon. The video game sector is booming and is tipped to keep growing. Microsoft, Tencent, Embracer Group, and Sony are acquiring the big name video game companies, new cloud technologies, new engines, consoles, cross-platform gaming experiences, and E-Sport popularity growth.
According to a study by PwC’s Global Entertainment and Media Outlook, the sales of video games have been growing steadily since 2015. Many new companies and technologies were founded in the last few years. We’ve seen how the gaming industry has captured (in the good sense of the word), all aspects of our lives.
For the past few years, the latest gaming technologies and engines have been used in the film industry. One of the brightest examples is The Mandalorian series of Disney about a fictional character from the Star Wars franchise, where they used the most popular gaming engine developed by Epic Games and called Unreal Engine. On May 13, 2020, Epic Games revealed the new, more realistic version of its engine under license plate 5, which has many revolutionary integrated parts. One year later, we saw the Metahuman – the high-fidelity digital human creator.
According to a study by Ampere Analysis in 2020, the global video game market shrank 1.2% to $188 billion. from 2019 to 2021, the growth was as much as 26%, reaching its peak at around 195 billion dollars.
Gaming industry developments in Armenia
Okay. As we already know video gaming is one of the biggest industries in the world, which is ahead of the sports and film industries. But what about the Armenian gaming industry?
As mobile gaming makes up almost half (49%) of the total market with a combined smartphone and tablet gaming, here, in Armenia, we have mostly mobile game development companies (not counting relocated companies after the situation in the CIS’s west part).
These companies have successfully created top-rated games for the mobile market and partnered up with such industry giants as VooDoo, Tencent, ZeptoLab, Larian, Gameloft and etc. Some of them are even planning to switch to PC/Console game development in the near future.