- Gaming industry forecast to generate revenues of $128.5 billion by 2020
- 42 percent of global gaming revenues will be generated by mobile gaming
- AppSwarm has developed proprietary review process to assess the benefits of new apps
The global gaming industry is expected to grow by almost eight percent over 2016 and to generate a total of approximately $110 billion in revenues this year, from 2.2 billion games worldwide, according to Newzoo’s Global Games Market Report released in April 2017 (http://cnw.fm/E2Yaw). The largest market is in the Asia-Pacific region, with China generating a quarter of all revenues in 2017. Newzoo predicts that this industry will show a compound annual growth rate (CAGR) of 6.2 percent to reach $128.5 billion by 2020. Furthermore, the report forecasts that mobile gaming will generate 42 percent of gaming revenues worldwide, with over three quarters of this derived from smartphone gaming. AppSwarm, Inc. (OTC: SWRM) has made major inroads into this industry by acquiring apps for all devices from developers who need assistance with marketing their products.
The company recently acquired the game ‘Soccers’, which is available from the iTunes store, from TGTStudios. This soccer game is an interactive app that allows gamers to choose from a number of teams, with five levels of difficulty. AppSwarm also acquired ‘Komandir’ from the Russian app development agency Shooterboy Entertainment. It’s a virtual reality game providing an intense gaming experience that has become popular with gamers globally. The game can be downloaded from both Google Play and the Apple App Store. By acquiring ‘Komandir’, AppSwarm is tapping into the fast-growing virtual reality market, which is expected to reach $7.2 billion in revenue worldwide this year, according to Greenlight Insights (http://cnw.fm/p28tW). The growing trend is likely to continue over the next few years, the Greenlight analysis shows, indicating that the virtual reality sector will become a major marketplace worth more than $74.8 billion by 2021.
AppSwarm has released several other games, among them a game called ‘Dead Uncleansed’, a tower defense game featuring zombies, as well as ‘Avenging Soldiers’ from well-known mobile games developer Freak X Apps.
The company is continually looking at applications from developers with the potential to market through a stock purchase agreement, outright purchase, partnership, joint venture or royalty agreement. AppSwarm brings its expertise in capitalization, business management, marketing and product development to the table to help young entrepreneurs get their innovative apps to market. The company assesses the viability of apps by using its proprietary screening process, the Swarm, which is a highly selective procedure that enables it to review and assess the benefits of each new app the AppSwarm team comes across. The company tends to focus on mergers and acquisitions through which it can apply its acumen in all areas of business in order to ensure a successful outcome.
On November 29, 2017, AppSwarm, alongside SinglePoint, Inc. (OTC: SING), announced the development of a joint roll-out of mobile applications for the purchase of cannabis using bitcoin payment options and blockchain technology, with a 50/50 share of all product revenues. This product will only be available in states where the purchase of cannabis has been legalized. The applications will be marketed through SinglePoint’s subsidiary, SingleSeed, while AppSwarm will provide application development expertise and technical support.
The company also sees an opportunity to develop e-commerce websites as consumers become more comfortable with processing online sales. Online sales are predicted to reach $523 billion by 2020, according to Forrester Research Inc. data, marking a huge 56 percent increase over the $335 billion in sales reported in 2015 (http://cnw.fm/gG2pD). Smartphones and other mobile devices are forecast to be instrumental in driving this growth. With its expertise and proprietary assessment process, AppSwarm is well placed to take advantage of this future growth.
For more information, visit the company’s website at www.App-Swarm.com
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