As the iGaming industry continues to expand and grow at a steady rate, more and more innovations and tech advancements continue to emerge. At the same time, an increasing number of individuals are also becoming increasingly interested in the concept of iGaming, mainly because of the accessibility and convenience it provides to users.
For this reason, many game dev companies and publishers are coming up with new perspectives to boost revenues. The recent trends in iGaming have opened up more opportunities to invest in initiatives to release top titles and grow further. In fact, Statista projects the iGaming market to reach a staggering $92.9 billion by 2023. Currently, the industry is worth around $52 billion.
The existence of online casino gaming was observed to be the main catalyst for the industry’s massive growth, especially with customers’ increased spending alongside the possibility of the ease in state regulations. Not to mention Ethereum iGaming platforms which is also a growing trend within the industry, offering players with faster and more secure payments for in-game purchases.
Here are some of the latest trends and updates you can look forward to in the iGaming industry for the following years.
Increased Artificial Intelligence in iGaming
Technology is already heavily used on many online gaming casino sites and platforms. In fact, there are already various technology trends in the online casino industry alone. For one, chatbots sound almost natural and are responsive in giving users substantial and valuable solutions for their concerns. The use of Artificial Intelligence in 2022 has significantly assisted companies in monitoring the habits of players better and in consuming large heaps of data without human-to-computer or human-to-human facilitated interactions.
Artificial intelligence in iGaming will especially be useful in integrating the player’s behavioral modeling to develop and update game features to make way for a more responsible and engaging user experience all throughout.
Growth of eSports
eSports betting brokers and traditional casinos will become less popular over the years, as varsity.com claims to predict. eSports have sustained economic difficulties due to the recent pandemic, and many analysts are hopeful of the industry surpassing its own $2.5 billion revenue mark. The great thing is that despite the difficulties, the eSports audience still manages to grow further worldwide in recent years. In fact, Asian Games 2022 announced that the eSports were a medaled form of discipline for its participants.
Extended Reality (XR) Boosting Player Integration
The Extended Reality (XR) trend began in 2021 with XR Casino when it launched a cross-platform gambling experience. Extended Reality allowed players with AR and VR devices to place their bets on slots, roulette, and blackjack.
It’s also projected that trends featuring XR gambling platforms, voice and text chats, public and private rooms, and multiplayer games will increase. Not only that, but most of these will also be compatible with major AR and VR devices. Also, XR platforms with crypto payment methods, alongside the possibilities brought by virtual social gambling, will help make visiting casinos accessible and more convenient.
Extended Reality technologies will also mean eliminating the requirement for costly equipment. Instead, this will change how players interact but will equally make spending money more entertaining and pleasant. Moreover, the XR feature will propel competitive advantage, bringing in more Generation Y, X, and Z players across the globe into the industry.