The gaming industry drew in nearly $110 billion in the past year, and almost a third of that was associated to sales in the US. While the global revenue is increasing by nearly 10% year-on-year, the US market share is dwindling, not by dollar volume, but by percent. The cause of this is that globalization is ushering a growth in the overall population of middle class in the world. Some analysts are extremely bullish and expect the compound growth rate to reach 20%, pushing the market to double in the next 4 years. This stellar growth can also be associated to the growing popularity of mobile games and eSports, both of which are relatively new creations yet have made a huge impact on the industry.

Given how accepting this industry is and the fact that the nearly have of the potential market size by 2022 is still not penetrated, blockchain projects targeting this industry have a great opportunity. It’s typically difficult to push in a new project into a market but the video game industry is accepting of innovations and that makes it ripe for opportunities to be grasped by blockchain-powered game products. A new blockchain product, Yumerium, is aiming to capture this opportunity.

Yumerium is a platform where developers can directly provide new games to the gaming community. As this platform allows the bypassing of the traditional route a game takes to reach the mass market, it offers great cost reductions. This piece has a look at the potential worth of Yumerium.

A Look at the Competition

Given the size of the gaming market, it’s understandable that there’s plenty of room for several large corporations to flourish within it.

• EA (Electronic Arts) is one of the largest and most known companies in the gaming industry. It currently sits on a market cap north of $40 billion, a figure that has increased by 5-fold in the past 5 years.
• Activison Blizzard, Inc. is valued at roughly $55 billion, a figure that has grown by nearly 400% in the past 5 years.

These figures give a good look at the valuations possible in the gaming industry. They also hint how a new company like Yumerium can be successful by focusing on a niche. The reality is that despite the huge market cap these companies have, their market share falls short of other video game publishers who actually happen to conglomerates participating in the many industries. Companies like Tencent, Microsoft, and Sony publish games with revenues 2 or even 3 times the revenues of EA and Activision. Additionally, the tech giants have far more resources, brand awareness, and penetration networks. Despite that, companies aimed at nothing but publishing games have scored big. This shows that even though Yumerium is up against titans, the video game industry is very open to new names and titles; this is particularly true if a product offering is innovative.

Yumerium is bringing forth a new era of gaming where the need of a publisher is waived. This could be the next leap for the gaming industry as now developers won’t need to rely on the compliance of their bosses and instead would be able to fulfill market demands with any innovative development they have in mind. Additionally, the record growth the gaming industry is facing shows that more people around the world want to be a part of it; they are just waiting for the moment they can afford it. Yumerium makes way for great cost reductions in the gaming industry making way greater adoption. And the fact remains that the cost reductions will only be accessible internally to the platform so much of the world that has been waiting to have games once they become affordable enough will now have the opportunity to enjoy games on Yumerium where games will be affordable enough.

Yumerium is providing the next innovation in one of the fastest growing industries in the world; an industry that also happens to be very warm to new products. Given that the gaming industry is a place where small ideas can grow into goliaths despite the presence of some of the largest tech companies’ presence in it, Yumerium has the potential to reach massive valuations.

Essential Yumerium ICO Links

🌐 Website: http://www.yumerium.com/
💡 Whitepaper: http://www.yumerium.com/whitepaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3272290
💻 Telegram: https://t.me/joinchat/H5o7EE7ncnHvSXJJYWSLYg

Connect with me:
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
https://steemit.com/@hatu – Follow for a new ICO analysis every day!
Twitter
Telegram Group – Keep up with ICOs