- November 19, 2008
- Posted by: admin
- Categories: Blog, Business Dynamics
The online gaming industry has revolutionized the way we look at life. The Bureau of Labor predicts that the growth of software publishing, of which video game design is a part, will expand by 67.9% by 2012. This is the fastest growing industry across all sectors. Revenue from computer games now exceeds that from the Hollywood box office.
To top that off, a June 08 report estimates that Facebook, Bebo and LinkedIn are worth $15 billion, $850 million and $1 billion respectively. Therefore, the rivalry between these two software concepts cannot be denied. Let’s discuss the origin of both concepts, and consequently, the future of our industry, keeping these two IN genres in mind.
Are both followings rival competitors, or is there a similarity of sorts? Does this imply that man’s ‘company craving’ nature and his lifelong label of being a ‘social animal’ contribute to the success of both industries? If so, then what does the future hold? Will we see:
A) gaming taking over the major share of the software industry for good
B) social networking wiping off ‘fantasy world’ culture, and relating online presence to real life
C) amalgamation of both concepts (my pick)
D) something completely out of the box, eating up both industries?
One of our clients implemented an amalgamation concept-a bit too elementary and abstract, but may prove useful as a reference in this discussion.
Please cite your choices (one, from A to D) with rationale; comments appreciated. New ideas are also welcome (option D).
It’s no rocket science that Social Networking has taken away a major portion of online activity time from online gaming as well, at the user end. I remember times when all we used was MIRC or messenger, but now gamers spend more than half their time within social networking paradigms(blogs, communities, profiling, making friends/clans, making public clan appearances); and spend lesser time actually playing.
A geek is no longer a geek; he is now an online celebrity, thanks to SN.
So we’re talking time + money- n these are territories that these two (and in fact, almost all business spheres) are fighting over. So let’s look at it in this context and choose our picks, A to D, as to what will grab the major market share of the software industry in the future.