The console wars have been a consistent factor within the gaming industry for decades, and with the recent release of the Xbox Series X/S and the PlayStation 5, things are once again starting to heat up – to levels unlike anything we’ve seen before!
The moment either brand announces it will release a new console, it’s immediately being compared to the other. However, things have been changing over the last few years, and the days of single-player gaming seem to be on a countdown.
The reality is that gaming companies like Sony and Microsoft no longer care who sells the most consoles – they care about who makes the most money. The gaming industry is the most lucrative one in the world, generating over $150 billion in 2019. Compare this figure to the $42.5 billion that was generated in the Global Film Box office in 2019, and the recorded music industry’s $19.1 billion, and it leaves us with 240% more in the gaming industry than what’s found in the music and film industries combined.
Console gaming has experienced considerable growth, but there’s still one industry that tops it all. Online gambling has become a multi-billion dollar industry and one of the most popular forms of entertainment today that spreads out to all adult age groups. While casinos used to be an exclusive entertainment of the rich and famous, online casinos reach all households and anyone can be a part. Playing online slots, also known as pokies, is on an exponential rise and countless themes are being released on a daily basis by a multitude of software providers. Fun mode enables players to test before committing to play for real and low minimum stakes give beginners a safe start. The added thrill of winning or losing definitely enhances the gaming experience and is THE advantage over console gaming.
Times Have Changed
The days of single-player gaming, competition in console sales and LAN parties are almost done. as the industry shifts to the most popular games being played online. This allows players from all over the world to enter a lobby and compete against one another or work together to accomplish a specific goal. The gaming industry has also advanced to a point where gaming related content has become almost as lucrative as the industry itself with thousands of Mixer – RIP – YouTube, and Twitch channels scattered across the internet.
Companies are no longer looking at the figures that were generated from the sale of platform exclusives, as cloud hosting has become the new standard, and this is where Sony and Nintendo are left behind, as they don’t currently possess the necessary infrastructure to take cloud-based gaming to an international level. Microsoft has been betting big on this side of things, and we’ll probably see things pan out as early as 2021.
Even though many viewed Phil Spencer’s approach as trying to save face after the PlayStation 4’s huge success, even though it seemed as a desperate attempt to downplay the performance of the PS4, but it was a testament to the fact that the team at Microsoft understood the direction of the future of gaming.
It’s clear that the Xbox brand has been trailing behind the PlayStation for several years now, and the launch of both new consoles shows that, so far, the PS5 is outselling the Xbox Series X/S – although we must not forget that the Nintendo Switch is currently outselling both of them by a huge margin! But due to the changes in technology and what the market requires, odds are there could be a big shift in momentum for 2021. Now more than ever, people are seeing the potential in the gaming market to a point where it’s become a legitimate career path for younger people.
But as far as streaming is concerned, between the experience with PS Now and what Microsoft has been doing with Xbox Cloud Gaming, we’re certainly not quite there yet – hence why we must look to the future. Even Stadia from the mighty Google has struggled with cloud gaming, but 2021 definitely seems more promising!
The Real Money Gaming Market
Another part of the gaming industry is the real money gaming market which generates billions of dollars annually and while this isn’t what most people would view as gaming, it’s one of the oldest forms of it. It might seem foolish to put your cash on the line to enjoy yourself, but ultimately, playing an online pokie will provide you with a feeling that neither a PS4 nor Xbox One could.
Free pokies are also quite common and there are plenty of online sites that will allow you to play for free without having to register for an account. Pokies and other casino games will always be a perpetual factor in the industry, and while consoles have to adapt to new technology, pokies don’t have to go to war with one another every few years.