game for kids, multiplayer, platformer

How Coronavirus is affecting the Gaming Industry

Gaming | gaming_industry

As people self quarantine themselves and stay at home, game development companies are seeing a hike in the number of users on the platform. Coronavirus has affected many industries, stopping Hollywood shooting, closing theaters, affecting the traveling industry

Most developers and gaming industry workers have moved to work from home to save the digital video game industry. Other people who were not able to work from home and still have to abide by social distancing have turned to video gaming as a good alternative to socializing. That has led to a boost in revenue for many industries including gaming.

Though because of the cancellation of gaming events and conferences which created a circle of publishers and gaming experts has affected the popularity, there is still a fair share of people participating in gaming during isolation.

The epidemic in China due to the corona outbreak has also caused a half in production and selling of electronic products used for gaming.

How corona has affected different sectors

  1. The stock market has seen a slowdown. Investors are afraid of a fare seeing a huge slump, with the fear of losing their investment. The United nations have seen a huge hike in filing for unemployment, slowing down the largest economy in the world. 
  2. Travel industry- The travel industry has seen a lot of slowdowns. Countries have closed their borders to other countries, amidst the lock down travel is stopped completely. The travel industry is seeing a lot of losses. Around 30 countries have stopped traveling completely. 
  3. Online stores- Online stores have seen a huge hike, people are placing more orders online for toilet papers, sanitizers, and other grocery items during isolation. 
  4. Car sales