Video game development companies are often involved in creating digital and interactive games that can be played on a variety of platforms, from personal computers, video game platforms to mobile phones. The video game industry continues to evolve and since its inception in the 20th century, there have been more innovative different game manufacturers.
According to the Entertainment Software Association (ESA), the video game industry took a leap in 2015 when industry revenues in the United States of America rose to $235 billion, up 5 percent from 2014. Part of the big revenue jump can be attributed to an increase in software sales, which accounted for $16.5 billion of total revenue, up 7% from 2014.
The average gamer is not a teenager, but a young person, he can be a man or a woman, with 48% of them over 36 years old. Globally, the CIS countries, which are the ninth largest in terms of population, provide only 9% of digital gaming revenues in Europe.
Of all gamers who play games, 60% do so online. In the United States of America, 51% of households have at least one dedicated game console. Statistically, 68% of game console owners own other devices that can play games but prefer to play on a game console.
According to statistics, over 59% of Americans play video games, which means that over 150 million people of all backgrounds, genders, ages and socioeconomic backgrounds play games in the United States of America. The average age of a player in the US is 31; only about 29 percent of gamers are under 18, and the percentage of those over 50 who play video games is higher than among those under 18.
At least 74% of teachers use digital games to increase student engagement as well as classroom motivation. In addition, 56 percent of parents confirm the positive impact of video games on their children’s lives.
According to IBISWorld, the video game development services industry is worth $22 billion and grew by 9.1 percent between 2011 and 2016. There are approximately 29,800 video game developers in the United States of America employing approximately 114,000 people.
The industry is also forecast to continue strong growth over the next five years. This is because operators have not only increased their investment in the industry but have been able to successfully promote these games in advance, leading to successful franchises and launches.
It was found that in 2015, 48% of video game players were women, which is 1% higher than in 2014. In addition, video game purchases are equally distributed between men and women. women, according to the study. In addition, it was found that 56% of female gamers in the UK played on a console, while 68% played online.
There has been a surge in game views, especially with YouTube’s gaming channels garnering over 3.5 billion monthly views. Now in the United States of America, more and more people are playing video games instead of watching sporting events.
The demographic and psychographic composition of those working in the video game development industry is mostly male, but it is not entirely limited to males as women make up 22 percent of video game developers. Video game developers are also considering race, age, and socioeconomic status as more people look to enter the industry and make a name for themselves.
However, while you can successfully define the demographics of a video game development company, it should be broader as more business-oriented individuals and organizations seek to make their mark on the industry.
The video game development industry is an industry in which operations such as the production and distribution of video games are carried out. These activities include design, documentation, installation, and support services. Operators in this industry may decide to enter one or more niches, depending on the scale of the business and their financial capabilities.
Small companies, as a rule, stick to one or two niches, while large companies, due to their financial capabilities, can be involved in all niches. Niches are usually what makes a company stand out or what it is known for in the industry.
The Level of Competition in the Game Development Industry
The game development business is highly competitive in order to attract the attention of players as well as other operators such as publishers in the industry. However, when competing with others in the industry, one should not be in a certain place, although this can sometimes be a great advantage.
When it comes to the game development business, all it takes is to create a video game that the average gamer will enjoy and make the game go viral or popular. That’s why a serious game developer needs to have a serious and competent programmer as well as a good graphic designer, regardless of their price, so that they can provide a great result that customers will love.
There are a few video game developers in the world that aren’t even based in the United States of America, but many Americans are addicted to their games. So, if you decide to start your video game development business in the United States of America, you must keep in mind that you will not only be competing with gamers in the United States but all over the world.
There are brands in every industry that stand out for various reasons, such as their advertising strategies, their longevity, their investment portfolio, or the number of successful games they have developed. Before starting a business, it is best to underestimate the best in the industry as this will help you improve your strategies and game plan.
Thus, some of the leading video game development companies in the United States of America as well as around the world are:
- Electronic Arts
- Nintendo Co. Ltd
- Activision Blizzard
- Sony Corporation
- King Digital Entretenimiento