Technological developments have always propelled i-gaming forward. When one considers the role that technology breakthroughs such as the Internet played in making the entire industry a reality, this is not difficult to understand. I-gaming, which began in the 1990s, has relied largely on new and evolving technology, as have sectors in the entertainment industry from their beginnings. Executives in the iGaming industry are always looking for the next big idea to shake up the industry. As a result, they invest much in developing new technologies, and some of the fruits of their prior efforts are beginning to emerge. The following are examples of numerous technical breakthroughs that will have an impact on the iGaming industry in 2021.
The adoption of cloud computing is a significant trend that is affecting a wide range of corporate industries, including the gaming industry. The most recent advancement is known as the distributed cloud. It is made up of server farms scattered around the world, the majority of which are located close to or around regional concentrations of activity.
Previous clouds, on the other hand, relied on centralized facilities that were hosted in a single location but supplied services to users all over the world. Google was among the first to see the potential of this concept, and the business is actively expanding its service by constructing new data centers and memory banks in 25 various locations. The advantages are plain to see. The burden is divided among multiple centers, reducing the likelihood of an error and a service interruption. Because the servers are now closer to the clients, latency has been significantly reduced, and network congestion has been practically eliminated. Because each server has its optical fiber connection and does not need to share any of them, the volume of data sent over each fiber is greatly reduced.
Artificial Intelligence (AI)
With all of the recent talk about artificial intelligence (AI), it appears that it is only a matter of time before Skynet awakens and begins raining nuclear missiles down on humanity. Fortunately, even the distant likelihood of a Terminator scenario is still a long way off. In comparison to the characters in movies like Skynet, Hal 9000, and Ultron, we are still in the early stages of artificial intelligence. Despite this, the advantages of implementing AI technology are pretty astonishing.
It is capable of taking over many boring operations that need precision and completeness, but human workers despise these chores just as much as factory robots did when they were assigned to them. Many of the top iGaming software companies have already begun the process of incorporating this technology into their various products. As more organizations see the benefits of artificial intelligence (AI), there is a strong and growing demand for AI-based software capabilities.
Additional Payment Options
Online payment has been a widespread practice for some time; however, as a result of the COVID-19 epidemic, it is gradually taking dominance over more traditional modes of payment. The iGaming business was among the first to see the potential of cryptocurrencies and integrate their use into their daily operations. Many casinos now accept bitcoin as a form of payment, while other casinos only accept cryptocurrencies.
Blockchain is proving to be every bit as disruptive as promised, and organizations that fail to grasp this risk severe setbacks and client loss. As a result of emerging online wallets such as Stripe and Wise, which offer a variety of capabilities, traditional firms such as PayPal are being forced to reconsider their market position. As is normal, new entrants are propelling the entire industry forward, forcing established businesses to either follow the new players’ lead or fall further behind.
Electronic sports and iGames
eSports has grown at a breakneck pace in the last 10 years, to the point where its audience figures are beginning to compete with those of more traditional sports. The iGaming industry’s executives are aware of its vast appeal; nonetheless, it was the global pandemic that drove them to act. Many of the competitions held in online gambling venues are now televised live, making them available to viewers all over the world.
The concept is popular, and many people are looking forward to spending hours watching some of the most well-known players in the world of gaming compete. People who play video games are creating accounts on Twitch and other streaming platforms to gain a following among other gamers. Many of them are paying close attention to the guidance given during the live stream, which explains how to successfully participate in games offered by online casinos.
Virtual Reality Worlds (VR)
The gaming industry in general, and iGaming in particular, expects to benefit substantially from the advancement of technology such as virtual reality (VR). It offers extraordinary opportunities for interaction and immersion, on a scale that no other technology can even approach. By properly utilizing VR technology, players may now visit their chosen gaming institutions and experience the ambiance of any of the world’s top gambling dens.
One of the obstacles inhibiting mainstream adoption of virtual reality is the high cost of required gear. Even in wealthy countries, some people just cannot afford it. Fortunately, the price is gradually decreasing as a result of an increasing number of companies entering the market. In the not-too-distant future, we believe the price will fall to the point that the majority of people can afford it. This will motivate game developers to create more virtual reality (VR) games, increasing demand for new technology and driving prices even lower.
Wearable devices will be the next big thing in the mobile gaming market. Although the technology is still in its infancy, it is making great progress, and various new goods will be ready for purchase by the end of 2021. We already have smartwatches, but they aren’t really useful for gaming due to a lack of functions.
As a result, a new generation of wearable electronics embedded in clothing is being developed. If properly built, it can dramatically revolutionize the way we interact with mobile devices and give us significantly more mobility. With the introduction of smartphones, it is now feasible to play games at any time and from any location. Could smart clothing be the next phase in technological evolution? The answer to that question is yes, according to the majority of specialists.