The past year has seen many highs and lows for the game industry and its various companies
The advent of mobile gaming has had a significant impact on the industry as a whole and has helped spawn trends that are likely to dictate the course of the game industry into the future. With more consumers showing favor for mobile gaming over traditional channels, encouraging developers to focus more on mobile platforms and incorporate new business methods that defy tradition.
Research highlights the prospects of mobile gaming
According to research from Gartner, more than 821 million smart phones and tablets were sold in the U.S. throughout 2012. As the penetration of mobile devices increased, so too did the focus on mobile games. Rovio, developers of the popular Angry Birds franchise, is one of the prime examples of the success that can be found in the mobile gaming space. The developer’s success has encouraged several other development studios to enter into the mobile space. Gartner research suggests that 44% of mobile consumers participate in mobile gaming, creating a significant incentive for game developers to target this audience.
Developers turning to corwdfunding
Crowdfunding is also becoming a popular trend in the game industry, especially where mobile gaming is concerned. Platforms like Kickstarter and IndieGoGo have paved the way for game development studios to tap directly into consumers for financial support. Several developers have used this to great success. Crowdfunding is expected to help provide the mobile gaming space with more momentum into 2013, especially as larger development studios begin making use of such platforms to fund ambitious mobile games.
Problems persist for game industry as a whole
Though the mobile gaming market represents significant opportunities, economic turmoil continues to cause problems throughout the game industry. Recently, major developer THQ filed for bankruptcy after a long period of financial trouble. Larger companies, such as Blizzard Entertainment, Sega, and Electronic Arts, have also reported layoffs in recent months. While many of these setbacks are expected to be rectified in the coming year, the industry is still likely to experience turmoil to some degree in 2013.