Interrogative Discourse on the State of the Video Game Sector in 2024
The gaming industry is gearing up for the GDC 2024 event, with Omdia, a global analyst and advisory group, set to share valuable insights and data during an exclusive webinar.
Omdia, sibling organization to Informa Tech, provides actionable insights to technology leaders, and their datasets are trusted by leading players in the industry. The webinar aims to help technology leaders make smart growth decisions by addressing pressing questions facing the games industry in 2024.
One of the key topics to be discussed is the underlying trends behind the wave of redundancies in the games industry. Despite layoffs slowing down compared to previous years, Omdia and other industry analysts forecast that between 5,000 to 9,000 layoffs will still occur in 2025. This is attributed to companies having overextended during the 2020 pandemic-driven growth surge and now correcting their workforce sizes.
Another topic of interest is the impact of game subscription services. Omdia’s Games Intelligence Service tracks and analyzes the evolution of game subscriptions and cloud gaming, noting their growing influence on the industry’s economics and distribution models. Subscription services are reshaping how gamers access content and how developers and publishers plan software releases and monetization strategies, leading to shifts in budgeting and resource allocations.
The webinar will also delve into developers' spending plans, both now and in the future. Post-pandemic normalization and market plateau effects have made developers more cautious with their spending. Investments are increasingly directed towards cloud gaming, virtual reality, and leveraging subscription platforms rather than scaling up large standalone projects. Omdia’s analysts emphasize the importance of adaptation to evolving platforms, bundling deals, and partnerships with telcos and technology providers to optimize reach and revenue.
The webinar, scheduled for Tuesday, March 12, 2024, will start at 8am Pacific Time, 11am Eastern Time, and 3pm UK time. The event will feature Omdia's expert games analysts who will participate in the webinar to discuss these topics in detail and answer questions from the audience.
GDC partners with Omdia for this informative webinar, which promises to provide valuable insights and data to help technology leaders navigate the ever-evolving gaming industry.
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- Technology leaders can expect valuable insights from Omdia, known for its actionable insights in the technology sector, during the GDC 2024 webinar about the trends in the gaming industry.
- The influence of game subscription services and their impact on the industry's economics and distribution models will be a topic of discussion during the GDC 2024 webinar, as outlined by Omdia’s Games Intelligence Service.
