Video games revolutionize how people express their curiosity and connect with others.
The gaming industry has established itself as one of the most important sectors in the entertainment field, generating an annual revenue of over $184 billion and constantly expanding. From its early days in arcades and consoles to the various platforms and technologies of today, gaming has evolved remarkably, transforming how we have fun and connect with others.
The world of video games has experienced a significant boom thanks to the appeal of mobile gaming, the esports phenomenon, streaming, and new technologies like virtual reality and cloud gaming. These advancements have made a lasting impact on the gaming landscape, creating new opportunities and challenges for the industry as a whole. But gaming is not just about entertainment; it also has the power to foster powerful connections among people. Games have become a medium for social interaction, allowing players to connect, compete, and collaborate in virtual environments. This digital connection has led to the formation of active and vibrant communities worldwide, bringing together individuals from diverse cultures and geographies around a common passion.
Mobile gaming has stood out among other formats, playing a fundamental role in the industry’s growth over the past 10 years and currently representing 50% of total gaming revenues. Although the industry experienced a 4.3% decline in 2022 compared to the previous year, due to the unprecedented growth during the pandemic years, revenue levels are returning to the positive trajectory seen before Covid-19. It is estimated that around 3.2 billion people play video games worldwide, and with the near-universal penetration of smartphones, the barrier to entry for enjoying games has significantly decreased.
The gaming industry is a mature and rapidly growing sector within entertainment. In 2022, it became the second-largest industry after pay TV. Furthermore, approximately 79% of the online population plays video games, demonstrating its broad reach and popularity. The competition in this industry is fierce, with over 1,100 video game applications being uploaded daily to the Google Play Store and over 900 to the Apple App Store.
The impact of gaming goes beyond entertainment. As part of the creative industries, gaming has a significant effect on the regional economy and contributes to the development of high-quality talent. Additionally, it provides opportunities to insert Latin America into the gaming world, promoting diversity and inclusion in products and communities.
In summary, the gaming industry continues its exponential growth, generating billions in revenue and expanding its global reach. In addition to being a source of entertainment, video games have the power to connect people, drive social interaction, and form active communities worldwide. With constant technological advancements and an ever-expanding player base, the future of gaming is promising and exciting.
What do we do at etermax?
At etermax, we have a comprehensive approach that encompasses the development, publishing, and monetization of video games. We are not only experts in mobile gaming but also exploring other technologies such as virtual reality, augmented reality, social networks, video formats, and more. This provides us with a complete and 360-degree view of the industry, allowing us to stay at the forefront and offer valuable experiences to our users, wherever they may be. One of our distinguishing elements is our focus on trivia. With a database of millions of questions and answers created by our users and used in mobile games, virtual reality filters, board games, and other branded digital experiences, we have developed interactive games that challenge knowledge, stimulate creativity, and connect players with each other, such as our global success, Trivia Crack, which celebrates its 10th anniversary in 2023 and continues to stay up-to-date with technology.
Our games are casual, free, and available in more than 34 languages, allowing people from all over the world to enjoy them. We believe in the power of gaming to create powerful connections, foster social exchange, and build communities. We are driven by our passion for gaming and believe in its transformative power. Together, we will continue to explore new frontiers and connect people through the power of play.