Forces affecting the gaming industry free essay sample

Legal and Regulatory – what legal or regulatory trends or changes coming that will impact IT/gaming sectors Video game regulations that look to reduce representation of filth, pornography, violence, sex and perversion in video games. This would have a huge impact on the industry especially on the producers of title such as GTA, COD, and many ohers. Proposed ban on violent video games in public spaces. This would seek to ban arcade style games , mainly shooting games,in places such as movie theatres, bowling allies, etc. But would also ban certain console games available for play in stores. This would impact revenue and sales in the industry. Economic – ditto Gaming population is aging, because of this gamers on avergae have more money to spend on video games and consoles. Technology is getting cheaper, consoles as well as computer parts are more affordable than ever. Technological – ditto – What are new technology trends or changes are coming down the pike that might impact us? Oculus rift, which is a virtual reality headset for 3D gaming. We will write a custom essay sample on Forces affecting the gaming industry or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Razers Project Christine. Modular, mix and match design allows anyone to easily upgrade their computer. This means the average user wouldnt have to buy a whole new computer or spend money extra money having their computer upgraded. Competition The big 3 have always been sony, microsoft, and nintendo. But recently with the release of 4th gen consoles, many players of the xbox 360 have moved to the playstation 4. Online gaming is becoming increasingly popular, more and more players are switching to computers as computer games offer stellar modding, adjustments, more titles available. Social forces/changes the gaming population is getting older. The average player is 34 and the average age of game purchasers is 40. Expansion in social gaming means players are drawn to games with which they can play with friends/other players ultimately making the games more fun and engaging. Global Gaming consoles are becoming more available in countries around the world. Mobile gaming has exploded, especially on phones, now pretty much everyone who has a smart phone is using them to play games. PART II Based on these forces, what is your plan to keep yourself marketable and stay ahead of them. Stay up to date with technology and gaming news through friends, shows, conferences, expos, online forums, etc.