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Accra, Nov 4, GNA – If you have been in the casino industry long enough, you can agree that things have been changing so fast. It has been barely thirty years since the first online casino was launched, and the changes we’ve witnessed during this time are just mind-blowing. Who could have imagined that what began as just a platform could now have such a global appeal?
Actually, according to Straits Research, the online casino industry is valued at USD 76.79 billion and is expected to reach USD 178.25 billion within the next few years. What could be fueling this growth? You may ask. Well, one of the factors that makes this industry appealing is innovation.
For instance, modern variations like the Betway live casino games allow players to interact with real dealers in real-time, thus enhancing the gameplay. Imagine you can now access a near-physical casino environment from any place at any time. And if you are wondering whether such games will be the future of this industry, you have just arrived in the right place. Let us first look at the popularity of live casino games.
Why are live casino games becoming popular?
Just recently, iGaming Business projected that the live casino market would reach $3.7 billion by 2025. And, of course, part of why this industry is set to grow is the immersion and authenticity these games offer. Surprisingly, the need for live streaming is prevalent not just in the casino world but in other sectors as well. In fact, according to DemandSage, more than a quarter of internet users participate in live streams weekly.
The study also confirms that live streaming reaches about 27.7% of users weekly, accounting for the third most famous type of video content. Narrowing down to the gaming industry, Statista believes that titles like the Betway live casino games are the reason behind the more than $13.65 billion Games Live Streaming market size.
Assuming you were an operator, would you ignore such statistics? The whole point of staying competitive is offering relevant products that can cater to customer wants. You do not want to affect your brand perception just because you don’t offer products that do not align with customers. Actually, do you know that, according to SurveySparrow, if you just increased satisfaction by only 1%, you can improve retention rates by about 5%?
That is why you may have seen games like Betway live casino games emerge as companies seek to be player-centric. And we are likely to see more of such trends in the future, given that live streaming forms 23% of the global viewing time.
Live streaming in the midst of internet advancements
Lags and delays are not something any player wants. In fact, some studies show that players may have problems with their games if they exceed latencies of 100ms. To ensure a more seamless experience, you may want to opt for a latency that is lower than 50. Such statistics only cement the fact that speed is very crucial in iGaming.
And now that real-dealer games like Betway live casino games often integrate high-tech visuals, it becomes even more important to pay attention to speed. Thankfully, tech advancements like 5G now ensure your games can load faster. Compared to its predecessor, 5G can offer speeds of up to 100 gigabits per second, which are just right for every gamer.
With such innovations providing a good ground for the spread of live games, we may actually see more people joining this industry. As of 2024, Finances Online approximated the number of 5G global subscriptions to have reached 236 million. GSMA believes that by 2025, more than a third of the world’s population will have access to 5G networks, which, in one way or another, is good news to liver dealer vendors.
6G might also play a role
But 5G might not be the end of fast-speed internet networks. Rumors have it that 6G might be commercially deployed in either 2028 or 2029 and, thereafter, rolled out wider in 2030 and beyond. Even though it seems a bit far away, the launch will definitely affect the live casino market with its fast speeds.
Well, if you actually thought that 5G was fast, you might need to reconsider. Just recently, researchers at the University College, London, made some progress with 6G tech, achieving speeds of over 9000 times faster than 5G networks. You can imagine what this means for games like Betway live casino games, especially now that players are seeking more seamless experiences.
Let us say, for instance, you dropped off a certain game because of slow internet speeds that could not allow graphics to load well. But in the midst of this confusion, you found a network that could cater to the game’s advanced technology. What would you likely do? Return to the game, right? And that is what we will likely see more people doing when these networks spread across the whole globe.
Parting words
It is almost impossible to envision a casino future without live dealer games. In fact, players continue to show a growing preference for real-time experiences, with live streaming accounting for 23% of global viewing time.
That is why you have probably seen products like Betway live casino games flood the industry as operators seek to remain relevant. And as innovations like 5G offer a good ground for the further growth of the industry, we may see more providing adding such games to their portfolio.
GNA