4 Top Advancements in the Gaming Industry | Updated

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Top advancements in the Gaming industry are ever-changing and evolving. To stay ahead of the curve, it is important to be aware of the latest advancements and innovations.

gaming industry

Indeed, we have seen many firms operating in vast markets such as in Canada and further afield looking to ensure they utilize all of the newest techs to their advantage, to ensure they can continually provide players with the best experiences while also being able to attract new gamers as they look to try and stabilize themselves within a highly competitive market before potentially trying to expand and capture more of it.

With this in mind, we decided to look at some of the top advancements in the gaming industry to keep an eye on in 2022 and how Canadians can continue to use them to their advantage.

Gaming has always been a popular pastime for Canadians.

Many will probably realize that gaming has always been widely popular throughout Canada, but what may not have been known is that it has become even more so in recent years with the advent of new technologies and platforms that have made it more accessible.

gaming industry

A recent study by the Entertainment Software Association of Canada found that around 65% of Canadians now play video games, with the average player being 35 years old. The same study also found that Canadian gamers spend an average of $65 on games yearly, most of which is spent on in-game microtransactions.

However, it is not just older Canadians who are gaming. The study found that 97% of households with children aged 2-17 also had at least one person who played video games, especially using game manuals. This shows how important the gaming industry is in Canada and how it will only continue to grow.

What are the top advancements in the Gaming industry this 2023?

As mentioned, the gaming industry is constantly evolving and changing. To stay ahead of the curve, it is important to be aware of the latest advancements and innovations.

So, with that in mind, here are some of the top advancements in the gaming industry to keep an eye on in 2023:

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Virtual Reality (VR) and Augmented Reality (AR)

The use of VR and AR technology in gaming is growing at a rapid pace. This immersive technology provides gamers with a more realistic and engaging experience. While VR headsets are becoming more affordable, there are still some barriers to entry. For instance, you need a powerful computer to run VR games smoothly. Nevertheless, as VR technology continues to develop, it’s expected that more gamers will have access to it. And as prices continue to drop, VR will become more accessible.  

 Sports Betting & iGaming

Legalizing sports betting and gaming in Canada has greatly boosted the gaming industry. With more people than ever before, now able to gambling has become legal.e-betting

One way in which Canadians are taking advantage of this industry is by ensuring they make the most from the bonuses that are now on offer. With promotions such as free spins on the slot games available to play from several reputable online casinos, those residing in the Great White North are now able to enjoy positive experiences that are safe because of their legal status.

And as more gaming companies enter the Canadian market, we can only expect the competition to increase, which can only be a good thing for Canadian gamers looking for the best possible experience.

eSports betting

eSports betting is a rapidly growing industry. With the popularity of eSports on the rise, so is the amount of money betting on eSports matches. It estimates that the eSports betting market will be worth USD 30 billion. This presents a huge opportunity for Canadian gamers looking to involve in this burgeoning industry.

In-game microtransactions

In-game microtransactions allow gamers to make small purchases within games. These can be things like new levels, skins, or power-ups. While some gamers are opposed to microtransactions, they are becoming increasingly popular—especially in free-to-play games.

It estimates that this market is worth hundreds of billions of dollars, thus highlighting how popular this advancement has been, especially for Canadian gamers seeking the best experiences.

What does the future hold for the Gaming industry in Canada?

As you can see, the gaming industry is constantly evolving and changing. And with new advancements makes the future bright for Canadian gamers.

VR gaming

In-game microtransactions continue to grow in popularity. We can expect more immersive experiences, such as VR and AR, to become more commonplace. And with the legalization of sports betting and iGaming, there are even more opportunities for Canadian gamers to get involved in the gaming industry.

It is important for Canadians to ensure to continue taking advantage of the technological advancements made available by the gaming industry. Otherwise, it could have a detrimental impact on the industry’s growth in the future.

These top advancements in the gaming industry will change the future of games and technology.

Conclusion

The gaming industry is constantly evolving and changing. It is important to be aware of the latest advancements and take advantage of new opportunities.

Virtual reality (VR) and augmented reality (AR) technology has become affordable and accessible, while in-game microtransactions generate billions worldwide.

iGaming and eSports betting is a rapidly growing industry that presents a huge opportunity for Canadian gamers.

Therefore, the future looks bright for the industry in the Great White North; it will be down to the country’s gamers to ensure it turns out as bright as possible. 

These were the top advancements in the gaming industry.

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