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Tech World

 
Industry : InternetFunctional Area : Business Processes(Operations)
Activity:  20 views;  last activity : 08 12 2010 04:05:22 +0000

In 2009, an estimated $2.2 billion in virtual goods were sold to consumers globally, and that number is expected to rocket to over $6 billion by 2013. Although virtual worlds and MMOs have historically driven the growth in virtual goods, today the fastest growing segment is social games.

So, why games are killer apps for social networks?

 
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1 2 3 4
1 An alternative way for revenue
2 New market & full of opportunities
3 Highest priority time pass. So design must be attractive
4 Fast and Frost

An alternative way for revenue

idea posted by Ruchi Chawla Associate/Sr. Associate -(Technical), Cisco Systems

Social games not only represent a lucrative new revenue channel for social media sites but they also signal a fundamental change in the structure of the social media industry. Social networks can no longer afford to rely solely on advertising revenue—they must master the intricacies of directly monetizing their users via virtual currency, virtual goods, and social games.

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New market & full of opportunities

idea posted by Neelam Mishra Software Developer, BEA Systems

The social games have already made people around the world go mad for it. Moreover social games helps in keeping people connected. Thus social sites can leverage on this aspect & go head in making people buy stuffs with real money online.

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Highest priority time pass. So design must be attractive

idea posted by ASHOK KUMAR Software Engineer(Mobile Programmer), Astroved.com Pvt Ltd
Since the games are the top preferable time pass option by most number of the people, the designing will be the main constraint. The final product(outcome) must be easily understandable and more challenging one. The designers need to fulfill these things. Because of these reasons games are the killer app for the designers and social networks.
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Fast and Frost

idea posted by Mohammad Bakhsh Project Leader/Managing Consultant, Freelancer

The Young Generation beyond GenX are entertaining fast and frost. The more attractive design and applications,the more GenY will avail the applications and games.

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