Question

Please describe in great detail opportunities for entities such as investors, firms, investors, government, and society based on an analysis of digital gaming as an emerging industry.

Answer 1

Digital gaming means the games being played on digital platforms such as Personal Computers (PCs), Laptops, Tablets, Smartphones and even on televisions. In addition to this there are especially designed gadgets to play these digital games. This is an emerging industry which is developing at a very fast rate. Though this is not new but in recent times, it has been there since some time and it has evolved over the years and has become an independent industry withrevenue creative and professional potential. There are new firms being established in this industry every day providing jobs to professionals and revenue and profit to the entrepreneurs.

This industry has great opportunities for different entities such as -

• Investors - Investors are the one which invest their money in new ideas or firms to make profit. Now since this digital gaming is a very fast growing industry and also needs investment from different sources for research and development to discover new games and platforms and for their manufacturing. So there is a great opportunity for the investors to invest their money in such a highly growing Industry where there is high margin of profit and very less chance of loss. Investors can invest their money in new gaming ideas designed by the professional and hence there is a great chance that the idea will perform good if it is designed by young professional because in this industry the main consumers are the youth.
• Firms - If there is an entrepreneur who want to start a new business than it is very much possible that he will establish a firm in the digital gaming industry. This is because as an entrepreneur he knows that want is the want of this present time and hence looking at the growth rate of this industry they want to enter this industry. As a firm there is very high chance of growth in this industry as compared to other industries. The existing firms are also earning huge profit in this industry.
• Governemnt - There is a great opportunity also for government in this industry as since this industry is growing very fast and earning huge profits, there is an opportunity for the government to impose new taxes on the firms in this industry and earn tax revenue which can be used for other expenditures.
• Society - If we look at the society as a whole than it is also profitable for the society because the society comprises of individuals and if these individuals are well off than the society as a whole is also well off. But there may be a problem related to this in the society, this is because now the youths spent a lot of time playing digital games which in not good for their health as well as wealth. These digital games must be played in limited quantity i.e. for a short period of time. If you can make money by playing digital game than it is rationale for you to give more time but should look at the health as well.