Video game publishers is up for the novel launch of online gaming promotion-based campaign under the brand Game Generation, further highlighting the promising manifestation of video games. Entertainment Software Association is specifically boosting large scale adoption of this dedicated approach in promoting video games in order to undermine the negative tell-tale stories showing video games and other online gaming in negative light. Under the dominant belief that online games and other video game-based initiatives propel addiction, this recent development is a significant leap forward in bolstering global online gaming market growth.
Further in online gaming space, wherein several players are basking in the limelight of superlative customer adoption, M&A continue to propel this onward growth thrust as market players are increasingly focusing on expansion potential. To cite a recent instance in this regard, New Wave E-sports is successfully completing acquisition of Even Matchup Gaming wherein it held over 18% stake. The latter is a veteran in esports game development and a thorough organizer and presenter of online gaming specifically in the realm of fighting gaming community.
Expansion of Online Gaming into a Thoughtful Career Choice, Beyond Recreation Bolsters Growth in Emerging Economies such as India
The company also is famous for its collaborative efforts with Nintendo that witnesses massive livestreaming. The development is a crucial leap ahead in global online gaming market, demonstrating lucrative investment returns. Several gaming communities and the launch of innovative goodies such as freebies, discounts, interesting game designs and participation depicting social experiences likely to maneuver large scale adoption and consequent growth in global online gaming market.
As India continues to remain at the forefront of rampant adoption backed by steadfast adoption, improved consumer experiences, online gaming industry like to remain highly profit conscious in forthcoming years. Emerging countries such as India is witnessing systematic adoption of online gaming as these regions demonstrate high potential in adoption of improved and all-pervasive internet services besides adoption of smart devices. Additionally, the overall population age in India is dominated by millennial population besides expansion in generation x and z, thus positioning India as a significantly dynamic growth region in global online gaming market in the coming years. The online gaming industry in the country is undergoing significant transformation as the youth is fast expanding online gaming as a mere recreation mode to a serious career option. Improved education sector, technological sophistication and growing intent for lucrative career options are collectively pushing growth in global online gaming market.
Backing huge potential of online gaming, countries such as South Korea is all set to establish a dedicated stadium and online gaming park in Seoul favoring eSports advances in the region. The development comes after Korea's success in Asian Games, Indonesia wherein its online gaming skills were widely demonstrated. The country is showing immense potential in tandem with traditional sports, to become a vital alternative sports haven. Gaming events such as Intel Extreme Masters are further adding to the tremendous potential of online gaming in south Asian region.