III. Industry Analysis
Arcades have been a popular form of entertainment for decades. Since their inception in the 1930s, arcades have been a go-to for nightly fun all around the world. Though some think of them as a thing of the past, arcades have modernized in order to continue entertaining game lovers of all ages.
According to TechNavio, the industry is expected to continue to grow for the next few years at a rate of 2%. Families are constantly looking for fun-filled evenings and exciting places that get them out of the house. Therefore, arcades will continue to be an essential business as they are one of the few businesses that can provide fun for the whole family.