The gaming industry has shown incredible growth over the last few years. The increase in technology has led to significant improvements in the industry. The industry is also not showing any signs of slowing down.
The gambling industry is showing an increase in popularity as mobile options take off.
Online casinos are taking advantage of this growth in mobile gaming. More and more countries are starting to regulate their online casinos. This means there are more safe and legal options for Portuguese players to enjoy. The website, https://casinoportugal.online/, provides a variety of trustworthy online casinos to look at.
Recap of the Gaming Industry in 2020
The gaming industry in 2020 showed a massive increase in the market. The recent pandemic and lockdown regulations have people staying home and putting a halt on outdoor hobbies such as hiking, fishing, etc. So, people are looking for entertainment they can enjoy from home.
The games industry provided this entertainment along with the movie and music industries.
An estimated 50% of online players used their phones to enjoy casino games in 2019. This percentage would have shown an increase due to lockdown. This is a very promising statistic for mobile gaming companies.
The increase in the gaming industry in 2020 produced exciting opportunities for mobile gaming companies. Mobile gambling offers opportunities for players to enjoy their favourite casino games from anywhere in the world.
Gaming companies should take this increase in the market and run with it while the trend is strong. Some of the companies that have embraced this spike in popularity are 888Holdings, Pen National Gaming, International Game Technology PLC and Bragg Gaming Group.
Gaming Vs Movie Industry
Entertainment is a necessity in our lives. This has never been more true than in the last year, with all the daily pressures and increases in mental health conditions such as anxiety and depression. It is even more critical that people have something to entertain them that helps relax them. This is why hobbies are so important.
According to the expert Martim Nabeiro (read more about the author), when it comes to the gaming industry vs the movie industry, the recent stats are interesting. In 2020 the gaming market, which includes online and mobile gambling, brought in 150 billion USD. The movie sector brought in 45 billion USD, and the music sector only 45 billion USD. The UK remote gambling sector also showed an increase of 300% since 2014.
These statistics show that the games industry, which includes the online gambling industry, is growing continually. There is still so much that can be achieved with online casinos. Mobile gambling can be the future.
Future of the Gambling Industry
The future of the gambling industry has never looked brighter. As more countries are starting to regulate their restrictions surrounding casinos, the industry is growing exponentially.
Mobile gambling falls into that category of untapped potential. Although players have enjoyed casino games on mobile devices for a while, the recent increases in technology have meant that mobile gambling is safer and easier to use. This means that mobile gambling can finally start growing to its full potential. We have only begun to see what the mobile gambling market can do for the industry. The next few years will surely be exciting.
This sector of entertainment is estimated to reach 55% of the total European gambling market by 2023.
Conclusion
Online gambling is already a trendy hobby among adults. All the statistics point to mobile gambling becoming the most significant gaming trend in the upcoming year. This should be an exciting year for gambling on a mobile platform.