Poker is a popular game among both adults and teenagers all around the world. Throughout the centuries, it has remained a popular sport. The internet has become more accessible as time has passed, and the game is now at your fingertips, thanks to the introduction of affordable smartphones and other electronic gadgets.
Following the pandemic, the popularity of this game exploded, even more, prompting the development of a slew of online poker software to cash in on the craze. According to statistics, the poker market generated $5.6 billion in revenue in 2020 and is predicted to generate $6.8 billion by 2025. Many investors are willing to develop poker software, but one must be aware of the challenges and future growth opportunities.
Challenges Encountered by Poker Game Development Companies
Here are some of the challenges for the best poker game development company in 2022.
1. Competition
The online poker market is witnessing cutthroat competition, and it takes a lot of innovation to make a breakthrough in the poker market. Different players have different likes and dislikes, and it is necessary to appeal to online players. Apart from that, it is also vital to be available on various platforms, such as Android and IOS.
These are the challenges that poker development companies face. It is also necessary to be compatible with different devices and work equally on all of them because players use devices. It should not stop them from experiencing the game to the fullest.
2. VR-Based Gaming mode
VR games, also known as virtual reality games, come with a set of hardware that enables the users to have an immersive experience in the game. They consist of various sophisticated software and hardware, and many players have shifted to the VR platform.
Poker development companies must adapt to the VR Trend and make the necessary investment. Virtual reality gaming created a realistic 3d experience that many players love. Developers must also keep this in mind and make their online poker software compatible with the VR standards.
3. Integration of cryptocurrency
The crypto industries have picked up a lot of space in the past couple of years, and it has led many companies to accept crypto as a mode of payment. All the payments are made on a blockchain, which is highly secure. Apart from online money, online poker games must allow the users to use cryptocurrency on their platforms to encourage more users to play the game.
There are quite a few advantages to using cryptocurrency in online poker games. Advantage advantages are low withdrawal fees, low deposit limits, etc. One of the primary advantages is the absence of a currency barrier. It can allow players from different countries to play without any hassle.
4. Payment gateway
The payment feature is the most deciding factor in a poker application. Online poker software providers must provide multiple payment gateways and a wide range of payment options so that users can use their preferred mode of payment with ease.
Providing a fast payment gateway that is able to handle multiple transactions without failure is quite a challenge.
5. Awareness
It is one particular major challenge that should be kept in mind. Poker development companies must ensure and spread proper awareness around the game, ensure youth don't get wasted and disrupt the balance of the society.
6. Confidentiality
We are living in a digital age, where security and data brachers has become common. It is crucial for poker companies to ensure the confidentiality of their users and take necessary steps to protect their data from falling into the hands of third-party companies or hackers.
Users value the personal data privacy, and once security is breached, many users may migrate to a different platform with better data security measures.
7. License approval
Developing online poker software is a complex process. The company has to undergo various procedures to obtain a legal license from the government. It is a tedious, time-consuming task. It is also considered an expensive procedure.
Different countries have different sets of rules regarding fantasy games and online betting.
Poker game development companies must abide by all these rules to gain approval and avoid any legal problems in the future.
8. Customer support
Every company invests significant amount of time and money in its customer service. Similarly, poker game development companies must maintain an active technical support team for their online poker software and handle users' queries.
They must be available 24/7 to resolve technical glitches. A quick resolution must be provided at the earliest to maintain a good reputation among the user base.
9. Customization
It is evident that different users have different demands and uses and expect various features from the game.
Certain features like theme customization, voice chat, text message feature, etc., are necessary to appeal to a broad user base. Most companies also provide editable features which enable the users to fully customize the app according to their taste.
Growth Opportunities for Poker Game Development Companies
Below we have discussed some impactful growth opportunities for the best poker game development company.
1. Government support
Poker game development companies have a bright prospect ahead of them. The number of poker players is growing.
In recent years gambling online and offline has become legal in many countries because it generates many job opportunities. It ultimately means an increase in tax revenue for the governments.
2. Increasing market value
According to recent reprots, the online gambling arena will witness more than $57.54 billion in 2022. The expected annual growth will increase by 11.7% from the year 2022 to 2030.
3. Free to play
Almost all online poker software providers do not charge a fee for the application. Various
online poker games release the application to the market for free play.
It encourages many users to play and ultimately create potential growth for their business.
4. Rising growth patterns in the international platform
There has been an unprecedented growth in online poker in the international market, particularly in countries like the US, UK entire Europe, and China.
India is also a country that has turned to be an emergent market for unprecedented growth in the field of online poker gaming. This platform is under growing rapid evolution and has proved itself to be the fastest-growing industry among others.
5. Legalization
Europe dominated the online poker market in 2022 with a share of 41%. This development can be traced back to legalizing gambling in countries like Italy, Malta, Spain, Germany, and France.
It has enabled online poker companies to promote themselves without restrictions and expand their market seamlessly.
6. Greater employment opportunities
Since the platform is growing, it provides a wide range of opportunities for investors, game developers, graphic designers, and many more to involve themselves in creating online poker software.
It provides a whole new set of employment opportunities for various people.
7. Rewarding users
Due to the high level of user engagement involved in online poker, companies can engage their users with coupons, cash awards, and exciting app purchases.
Doing all this ensures a consistent growth for the poker development company.
8. Pandemic boost
Online poker has seen a boom in its market in the last couple of years owing to the Covid-19 pandemic. There have been many social distancing regulations and lockdowns which affected real-life casinos.
But people have found an unlikely hero in online poker games, which have been able to compensate. They are easy to access, quick, and a great way to kill boredom. Even post Covid-19, the market continues to grow and sees a significant search in online poker, and this trend is expected to grow.
9. Future prospect
The game, in general, is expected to stick around because it offers users to compete against other users in real-time and creates an atmosphere of challenge.
Moreover, this game includes probabilities and a bit of math and tests the person's ability in bank role management. Besides, you also need to think about what your opponent is going to play.
Thus, all these above factors make the game exciting and ensure an active user base for the coming years.
Conclusion
By now, it is already a fact that online poker is a game of skill and probability and requires some precautions to play. Online poker development companies must overcome all the mentioned challenges to master poker software and stay relevant in the long run.
They must also cash in on more growth opportunities in the upcoming decade as poker industry will continue to grow. Moreover, they must constantly be cautious of the competition, and according to that they update themselves to stay profitable.
