It was recently announced by the Entertainment Software Association that the gaming industry grew 9.7% from 2009 to 2012. In the same time span, the US economy grew by 2.4%. The gaming industry is constantly expanding as games aren't seen as just play things for kids. Almost every household in the first world has a gaming console even if it's just for Netflix or Blu-rays but, even though modern gaming is expanding, any semblance of innovation or originality seems to be waning. Compare games from the sixth generation to games of the seventh. Just the PS2 had some of the most imaginative and creative games out there. It had games like Shadow of The Colossus, Katamari Damacy, Persona 3 & 4 and Ico. Now look at the Xbox 360. We have about 11 Call of Duty games, 8 Assassin's Creed games, 5 Battlefield games, 5 main Halo games and 4 Gears of War games. Now these are all good games in one way or another but there is so little that gets changed with each sequel. The developers are content with not raising the bar and playing it safe. Don't get me wrong, there are some really unique games out there for the seventh generation but for every Catherine or Mirror's Edge, there's another 10 generic shooters with 5 hour long campaigns that rely entirely on shiny graphics and multiplayer.
The idea of gaming suffering another crash may sound absurd and you may feel differently but, I'm telling you right now. There will be a crash and it might not be that far away. Just because video games are this large of an industry, doesn't mean they can't fail and this might actually contribute to the crash. Atari was at its strongest when they shit the bed and the reason that happened was because they assumed people would buy anything they made. They got cocky and made games cheaper and cheaper and tried to sell games simply on their name. This over saturated the market with bad games and they destroyed any consumer confidence they had. That's what caused their fall from grace. Too many developers/publishers carry this same attitude. This already happened to THQ and almost Capcom. It's going to happen to another big one like Square Enix, EA or Ubisoft sooner or later and that's when the industry will crash. Publishers aren't going to risk putting out more games because of how expensive it is to produce a game. Triple A gaming will die out and indie developers will be the only survivors of the crash. I don't want this to happen but, I'm just looking at things realistically.
The idea of gaming suffering another crash may sound absurd and you may feel differently but, I'm telling you right now. There will be a crash and it might not be that far away. Just because video games are this large of an industry, doesn't mean they can't fail and this might actually contribute to the crash. Atari was at its strongest when they shit the bed and the reason that happened was because they assumed people would buy anything they made. They got cocky and made games cheaper and cheaper and tried to sell games simply on their name. This over saturated the market with bad games and they destroyed any consumer confidence they had. That's what caused their fall from grace. Too many developers/publishers carry this same attitude. This already happened to THQ and almost Capcom. It's going to happen to another big one like Square Enix, EA or Ubisoft sooner or later and that's when the industry will crash. Publishers aren't going to risk putting out more games because of how expensive it is to produce a game. Triple A gaming will die out and indie developers will be the only survivors of the crash. I don't want this to happen but, I'm just looking at things realistically.