growth potential Archives

AppWizard

February 13, 2025

Crytek lays off around 15% of staff

Crytek has announced a workforce reduction of approximately 15 percent, affecting around 60 employees in development and shared services, due to "complex, unfavourable market dynamics." The development of the next Crysis installment is on hold, and the company is shifting focus to enhance the ongoing project, Hunt: Showdown 1896. Crytek will provide severance packages and career assistance to those laid off. The company remains committed to the development of Hunt: Showdown 1896 and advancing its CryEngine technology.

BetaBeacon

December 1, 2024

Open-World Game Light of Motiram Announced for PS5, PC, iOS, and Android

- Light of Motiram is an open-world game set in a world dominated by giant mechanical beasts. - Players can build their base, advance technology, train Mechanimals, and take on bosses. - The game features realistic physics-based building, precise combat, and over 100 customizable Mechanimals. - Players can team up with friends for cooperative play across different platforms.

AppWizard

November 28, 2024

Mechanimal open-world survival crafting game Light of Motiram announced for PC

Polaris Quest, a subsidiary of Tencent Games, is launching an open-world survival crafting game titled Light of Motiram on PC via Steam and the Epic Games Store, with the release date yet to be announced. Players will explore a world filled with large machines, establish bases, advance technology, and train mechanized animal companions called Mechanimals while facing challenging bosses. The game features diverse environments, including rainforests, deserts, and mountains, each populated with unique Mechanimals and ancient ruins. Survival involves dealing with primal cultures, extreme weather, and threats from Mechanimals, requiring resourcefulness and strategic thinking. Light of Motiram includes a freeform building system with realistic physics for constructing various structures. Combat requires skillful dodging, blocking, and counterattacking, with players coordinating with Mechanimals for enhanced effectiveness. There are over 100 customizable Mechanimals for players to train, each with unique abilities. The game supports cooperative play for up to 10 players, allowing friends to collaborate on challenges and resource gathering. Teaser trailers, videos, and screenshots are available for those interested in the game.

AppWizard

November 7, 2024

A decade and $22 billion later, Meta’s big bet on messaging is finally starting to pay off

Meta's investment in WhatsApp has begun yielding substantial returns, with a 48% year-over-year increase in non-advertising revenue reported in Q3, largely due to WhatsApp's business messaging capabilities. This product enables companies to engage in paid conversations with customers, contributing to revenue growth since Q3 2022. Non-advertising revenue in Q3 was million, compared to .9 billion in ad revenue, but is growing at over twice the pace of advertising. Messaging products, including WhatsApp, Messenger, and Instagram Direct, are still in the early stages of monetization, with estimates suggesting messaging could account for around 10% of Meta's total revenue. A significant increase in content shared through direct messages has been noted, with a 100% year-over-year rise. Meta is also exploring revenue opportunities through sponsored messages and "click-to-message" ads. Generative AI is expected to enhance the messaging business's efficiency and potential revenue generation. User behavior is shifting towards sharing in direct messages rather than traditional feeds, prompting Meta to enhance its Messenger app with new features. Each messaging product serves different user bases and presents unique monetization opportunities.

AppWizard

September 19, 2024

NAGA unveils Trading App integrated into Telegram Messenger

The NAGA Group AG has launched the first fully integrated trading app within the Telegram ecosystem, which aims to enhance retail investors' interaction with financial markets. The “NAGA Everything Trading” app allows for seamless onboarding, customer KYC, and deposit capabilities directly within Telegram. Users registering through the app will have immediate access to both mobile and web versions of the NAGA platform. NAGA plans to provide monthly updates, including a feature for Social Trading with AutoCopy, enabling users to replicate top investors' trades in real time. NAGA operates in over 100 countries, offering a range of services for fiat and cryptocurrencies, including a physical VISA card for automatic crypto conversion and cashback.

AppWizard

September 19, 2024

The NAGA Group expands addressable user base with launch of first-ever trading app integrated into Telegram messenger | Business Wire

The NAGA Group AG has launched the “NAGA Everything Trading” app within the Telegram ecosystem, aiming to revolutionize retail investor interactions with financial markets. By leveraging Telegram's user base of 950 million, NAGA seeks to expand its audience and enhance user growth and revenue. The app offers a comprehensive trading experience with streamlined onboarding, efficient customer KYC, and direct deposit capabilities. Users registering through Telegram will have access to both mobile and web versions of the NAGA platform. CEO Octavian Patrascu highlighted the strategic significance of this launch in democratizing access to financial markets and creating business growth potential. NAGA operates in over 100 countries, providing a platform that integrates social trading, stock and cryptocurrency investing, and neo banking services.

AppWizard

September 19, 2024

Team17 is looking to make M&A moves

Indie publisher Team17 plans to use mergers and acquisitions as a key part of its growth strategy, as indicated in its half-year financial results for the first six months of 2024. The company aims to strengthen its presence in the indie gaming sector, which it views as a lower risk investment compared to mid-tier and triple-A titles. CEO Steve Bell highlighted growth potential in indie, edutainment, and working simulation games. Team17 noted the current vibrancy of the gaming M&A market and its strong cash position, which allows for the acquisition of quality assets, including established intellectual properties. The company is also making targeted senior hires to enhance its capacity for growth.

AppWizard

July 18, 2024

PC Racing Games Market To Shift Into High Gear, Poised to Reach $807 Million by 2030

The global PC Racing Games market is projected to grow from US$ 642 million in 2024 to US$ 807 million by 2030, with a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period.

AppWizard

July 4, 2024

Android Kiosk Software Market Is Booming So Rapidly | Major Giants Samsung Knox, Hexnode, KioWare

The Android Kiosk Software market size is estimated to reach USD 42.4 Billion at a CAGR of 6.27% by 2030, with the current market value at USD 26.3 Billion. Businesses are increasingly adopting kiosk solutions to streamline operations, reduce labor costs, and improve service speed.

AppWizard

July 4, 2024

62% of Chinese PC games consumers spending more this year

Chinese PC gamers are spending more money in 2024, with 62% of spending gamers investing more than in 2023. Steam remains the dominant platform in China, with 80% of premium gamers using the international version. Niko Partners' CEO, Lisa Hanson, sees growth potential in player spending in the PC gaming sector, emphasizing the importance of understanding the Chinese market for effective marketing and monetization strategies.