According to a worldwide survey of technology company executives, startup founders, and investors, 59% of the respondents believe that gaming will dominate the investment directed to the development of VR (Virtual Reality) technology. Companies such as BigScreenVR and AltspaceVR are some of the prominent players in this segment.Īccording to NewGenApps, by 2025, AR and VR games' global user base is estimated to increase to 216 million users. Moreover, the increasing applications of immersive technologies, such as virtual reality, augmented reality, and mixed reality, are anticipated to be a cornerstone in the gaming industry. Also, by partnering with Migu, Archiact states that it can work together to build the future of 5G VR cloud gaming, making VR even more accessible. For instance, in May 2020, Archiact announced its partnership with Migu (a subsidiary of telecom provider China Mobile) for Archiact's games that would be the first VR games to be playable via Migu's 5G cloud gaming platform, named Migu Quick Gaming. Such factors have an anticipated positive impact on market growth.ĥG is also driving the mobile-based VR gaming market. Among those subscribers, Microsoft also reported a 130-percent increase in multiplayer engagement across March and April.Ĭloud gaming is an emerging technology across the industry that allows users to stream high-end games across hand-held devices, such as laptops, tablets, and mobiles, with fast network connectivity, eliminating the need for a dedicated gaming console/PC.Ĭloud gaming services are focused on leveraging hyper-scale cloud capabilities, global content delivery networks, and streaming media services to build the next generation of social entertainment platforms. In April 2020, Microsoft reported that subscribers to Xbox Game Pass, a Netflix-like subscription service, topped 10 million.
Companies like Microsoft, Nintendo, Twitch, and Activision have all reached new heights in player investment.
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