Many players couldn’t find the time to play games online. But working remotely enabled gamers to play. In the last year, there has been an exponential increase in streaming gaming and online gaming sites.
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Statista estimates that there will be 2.7 Billion gamers around the globe in 2020. According to other reportsthe majority of them are from Latin America. They are mostly from South American countries like Chile, Brazil, Chile, and Mexico. The gaming industry in Latin America has experienced a massive increase in the last year. Brazil and Mexico were among the top gaming countries in Latin America. These two regions collectively generated 3.65 trillion US dollars. Esport Brazil is also well-known in the region.
Latin America Gaming Facts 2021
A lot of developers and distributors see the growing gaming market in Latin American as a lucrative business opportunity. Gamers can discover a myriad of new Brazil videogames.
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* Entertainment and leisure are the major reasons Latin Americans choose to play gambling. Many of those who started playing online for entertainment are now turning towards competitive gaming.
There are many offices that now offer online work. Latin American gamers’ peak gaming hours are between 5 until 8 after 8.
* 66percent Latin American gamers use their devices at least once per day. 44% of them spend more than an hour playing on their devices.
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* 70% of people interviewed believe that gaming on mobile is secure.
* 87% of the gamers interviewed said that they’d rather spend their money on advertising than watch them make their living.
* Warzone Brazil and GTA Brazil are the most played games in Brazil.
What makes online gambling so popular across Latin America and beyond?
There are a variety of factors which contribute to the growing popularity of online gaming and streaming across Latin America. But, time and increased internet connectivity are key factors.
Many were forced to stay home due to the pandemic and were unable to access internet access. Just 22percent of Latin Americans had access to the internet in 2008, compared with 56% in 2018. In 2018, 56% of Latin Americans had access to internet. The region will be home to 444 million internet connections by 2021. 422 million subscribers are mobile.
It is played by 444 million internet users, 81% of whom are mobile gamers. Consoles are better suited for professional gaming. It’s been proven that the majority of gamers play on their smartphones , whereas 48% use computers and 39% use consoles.
What attracts Latino American gamers?
While the demand for online gambling in Mexico has increased over the time, it hasn’t seen the same level of growth like other industries in Latin America. Because of the variety of online games, it’s a popular option among Latin Americans.
No language barrier
Online gaming is extremely competitive. It is important to interact with your opponent as well as other gamers. Online gaming was not an option to players who did not communicate in English well. With the rise of Spanish-speaking gamersthese days, they are now more inclined to online gaming.
Attractive Games
A lack of interest is another factor that explains why Latin Americans are less involved in streaming and online gaming. An increase in players from Latin America has been observed following Brazil’s poker tournament.
Flexibility
Since players can decide the time and place to play online, they are able to enjoy deals and bonuses offered on various gaming platforms and websites.
Brazil reduced tax rates on video and gaming equipment as well as games
Brazilian officials have announced they will reduce the tax on Industrial Products (IPI in Portuguese), for games consoles and accessories for video, or games, by 2020. According to the Ministry of Economy in Brazilthis measure will result in an annual impact of BRL 2.75million on revenue by 2021.
Themain Gaming Business Models
The gaming industry has experienced massive changes since its creation. It has grown just like other industries, to the point that gamers couldn’t even imagine. You probably never dreamed about gaming on your sofa on your phone. Most likely, you didn’t.
Let’s take a ride through South American gaming and business model development.
Models for past gaming businesses
Arcade enthusiasts of the 1970s and the 1980s were enthusiastic. Children and teens would go to the nearest arcade to purchase coinswhich could then be used to play arcade games. The arcade games were a significant investment, even though they took up lots of space. Namco’s Pacman earned a substantial $3.5 Billion using “Pay to Play”which was a revolutionary business model that permitted the creation arcade games.
A popular business model that was developed around arcade games was the development of game CDs. Computers became more popular in households during the 1990s and 1980s. This gave rise to PC gaming. There were CD stores that sold games. Gamers could purchase a CD to run on their computers. The majority of CDs included only one game. A second CD would be required if the player would like to play a variety of games. This model of sales generates no revenue at all and is known as the “Boxed Revenue Model.”
Current Gaming Business Models
Gaming technology didn’t shift from PC games to Play Station 5 overnight. Many business models were introduced during this time period, including gaming and esports Brazil. It’s been an exhilarating rollercoaster ride, from various games on CD in 2000 to playing Super Mario on the PC before moving on to GTA Vice City using the same computer. Each game has a way of thrilling players like nothing else before.
The digital sales model generation is the future. This model allows you to find any item on the internet. You can locate thousands of millions of gamesavailable online via Google Play Store or Appstore. Games can be played by all age groups. The costs of packaging and distribution are reduced through direct distribution.
Statista has published statistics that can help you calculate the impact that digital sales have had on the market. According to reports, just 20% of gamers downloaded games online in 2009. This figure jumped to 83% in 2018. This is the power of digitalization!
Fig 1.
Developers have devised innovative strategies to enhance their abilities and develop games. Distributors can earn extra cash through the sale of DLCs and other games to their players. Many games use the same business model such as Warzone Brazil and GTA Brazil.
These days, consoles are loved by gamers just as much as PCs. The majority of gamers prefer PCs to PCs for more convenience, however consoles are the preferred choice of many for their superior gaming experience.
The microtransactions feature is part of the free-to play model for gaming consoles. You can download any game on Playstore at no cost. It is necessary to purchase additional lives and other things to increase the difficulty. They are extremely well-liked among players in Brazil, Chile and Mexico gaming.
Future Gaming Business Models
Many people use Netflix. They appreciate the convenience to have all of their favorite TV shows and films on one platform. Let me tell you why.
Although digital distribution has removed the need for packaging for retail costs, some distributors have made the process more expensive. The developers and distributors cooperate to build an approach similar to Netflix. There are all games and esports from Brazil on one platform. It’s amazing to find all your games available on one platform, without paying for each individually.
Uninvited ads are often shown in online gamesand can be a nuisance. AI will play a major role in the monitoring and regulation of advertisements on gaming platforms that are cloud-based in the future.
Consoles are different from. PC Mobile Gaming
Because of the computer vs console rivalryMobile gamers are making the move to the bus.
Mobile gamers have two optionsThey can choose to go it alone or let others accompany them. The debate is now Consoles against. Computer vs.. Mobile. All three kinds are Latin American gamers. These could be beneficial in the event that you’re planning to buy one of these devices but aren’t sure about your ultimate decision.
Consoles
While arcade games are considered to be the most popular form of gaming, consoles have existed since most the beginning. Magnavox Odyssey, which was released in 1972It is believed to have been the first console to ever be sold. Magnavox Odyssey wasn’t a console for the next generation but could still be used at home to play video games.
Consoles were developed to offer gamers an enjoyable and relaxing gaming experience in their homes. Millions around the globe love the PS5 consoleas a result of the technological advancements. These tiny boxes contain plenty of information. PS2 by SONY boasts more than 380 titles – it is the most consoles that history has ever!
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Gaming on the PC
Gaming on PC is of the oldest and popular platforms. We know that PC gaming is more popular with older generations.
Although mobile phones and consoles from the same model are customized, you are able to personalize your personal computer. Even though you’ll need to spend more money for extra features, you still can get a top-quality PC that will fit your budget.
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