ONLINE GAMES WILL BECOME MORE TECH-SOPHISTICATED
Cloud gaming, which allows users to play games remotely from the cloud, without players’ devices using their internal hardware, will become more common within the next years. The reason – the aforementioned implementation of 5G, which will allow for faster and more stable internet connection needed for cloud gaming.
The forecast looks reassuring: the global cloud gaming market size will increase from $12.5 billion is 2018 to $56.57 billion by 202717
. And the development
of VR and AR aspects of online games will attract new players that are looking for a more immersive experience.
THE CONSEQUENCES OF THE COVID- 19 PANDEMIC
Maxpay is a market-leading international payment gateway service provider that keeps merchants first. Built by online business owners for business owners to accelerate growth. Fully compliant with PCI DSS level 1 v3.2 with 5+ years of experience. Global teams provide local insights and online live support for merchants. With companies and partners from 49 jurisdictions, Maxpay provides full-service solutions for accepting card payments in more than 130 currencies with multi-ple partner banks.
About the author:
Artem Tymoshenko is a fintech sector professional with experience in international acquiring, payment systems, processing systems, emoney, risk management, network and system security, digital self- service, and e-billing. He is the CEO of Maxpay, an international payment service pro-vider with extensive risk management and fraud prevention expertise.
46 AUGUST 2020 GIO
Sources: 1) 2) 3) 4) 5) 6) 7) 8) 9)
m/press-release/global-video-streaming-market 12) https://www.statista.co
m/statistics/270728/market-volume-of-online-gaming-worldwide/ 13) https://www.grandviewresearch.co
m/industry-analysis/online-gambling-market 14) https://www.statista.co
m/statistics/1115968/coronavirus-impact-on-online-gambling-revenues-in-italy/ 15) https://www.asgam.co
p/2020/04/09/studies-show-dramatic-rise-in-online-gambling-during-covid-19-lockdowns/ 16) https://sbcamericas.co
m/2020/04/09/us-online-poker-skyrockets-according-to-global-poker-report/ 17) https://www.fortunebusinessinsights.co
The global situation related to the pandemic will undoubtedly shape the way we perceive both
everyday tasks and challenges in the future. The fact that a lot of people have to stay and work from home introduced more newcomers to the world of online entertainment, driving profits to the industry.
The situation showed us that online entertainment is the way of the future – it is more accessible, safer, and sometimes to produce, and the introduction of more complicated communication tech-nologies will bridge the social interaction gap. Thus, the industry will continue to grow and evolve, presenting more opportunities for companies.
Still, businesses that want to branch out or start working within the online entertainment industry have to remember that most of its sectors, like online gaming and gambling, subscription-based services, are classified as high-risk verticals, thus you need to choose a secure and trustworthy bank or Third Party Provider to deal with your payment processing.
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