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The Rising Popularity of Online Gaming is Expected to Drive the Growth of the Online Gaming Market

   February 3, 2023

The online gaming industry has grown rapidly during the last decade. The popularity of online gaming is largely attributed to its convenience and accessibility. Currently, the number of online gamers is increasing four times faster compared to the number of internet users. Globally, gamers are spending more of their spare time online due to increased bandwidth and connectivity. The accessibility of online games is increasing as people no longer must visit specific websites to play their favorite games online and can do so using gaming consoles or smartphones. Online gaming has become a great source of entertainment for people around the world. Online gaming also provides an excellent opportunity for players to interact with other players around the world.

The rapid growth and increasing popularity of online gaming have led to the advent of competitive gaming events. Social networks, such as Facebook and Twitter, have also started offering free-to-play online multiplayer games. Online video games offer users an immersive experience, particularly due to technological improvements in gaming hardware & software. Increasing smartphone penetration and the affordability of mobile data have driven an increase in mobile online gaming. Also, the increasing integration of cutting-edge technologies, such as AR/VR and cloud, has enhanced customers’ gaming experience, driving the growth of this market.

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