Indoor games have been popular with Indians for years. From
playing old boards to moving into virtual reality, our way of playing has
changed, but the love for it remains. Today, India is one of the fastest
growing online gaming markets in the world. The game burst especially at the
time of the Covid-19 lock, when most Indians, especially young people, relied
on online games due to a lack of entertainment options to stay connected alone.
According to a report by the All-India Gaming Federation EY, India's online
gaming sector is considered one of the fastest growing sectors, estimated at $
2 billion in 2023.
Also Read: For best online casino sites in
India
What has contributed to the popularity of the real money
game and made it a growing industry?
The growing mobile gaming industry:
With the advent of cheap smartphones on the market and the
variety of data packages available at rising prices, online gaming is no longer
a luxury for most. Today, mobile games in India account for 90% of the market
with more than 3 billion downloads, and smartphone penetration has grown
rapidly. The Indian gambling market, which currently generates $ 1.5 billion in
revenue, is expected to triple to more than $ 5 billion in 2025 behind the
"mobile first" phenomenon.
best online sports
betting sites
Skill based games:
India has a long history of playing skill games. Even now
that online gaming is evolving, it's no surprise that skill-based games are
taking the lead. A "skill game" is a game in which a player's success
is determined by how effectively he plays the game, their strategy, and other
knowledge about it. Some popular skill-based games are jokers, racing and
fantasy games that minimize aspects of luck and chance and have become a major
entertainment game and alternative to social media.
The latest technologies and payment options:
Just as players of all levels push the boundaries of the games
they play, developers use new techniques and new technologies to move the
gaming experience forward. Online games now feature video chat, which allows
Indian players to communicate and participate in games via live video and
real-time chat. The advent of the 5G data network in India will further support
this momentum and enhance the gaming experience with technologies such as
virtual reality and augmented reality. With established 5G wireless technology,
cloud gaming could pave the way for the future of online gaming. Another
important factor that has stimulated growth is the availability of a variety of
secure online payment options that allow players to play in both free-to-play
and pay-to-play formats.
While the excitement of gaming has begun, the avid gamers
are now looking for a rewarding entertainment experience. Fantasy sports
revenue increased ninefold in the pre-pandemic years between 2017-18 and
2019-20 to 16,500 crore, while e-sports revenue is expected to reach a CAGR of
36%. it's been three years.
As the gaming craze kicks into high gear, avid gamers are
now looking for a gainful entertainment experience. Fantasy sports revenue
increased nine times in the pre-pandemic years between 2017-18 and 2019-20,
reaching 16,500 crore while e-sports revenue is expected to rise at a CAGR of
36% over the next three years.
Emerging gaming companies in India, which are not limited to
cash prizes, also create many opportunities in unconventional industries, such
as technology-oriented careers within IT and game development.
Social lifeline:
In this era of long social journeys and mental health disorders, people of all
ages turn to online games for convenience. Discord and multiplayer games give
video game fans the opportunity to build friendships online and stay connected
for many years.
Heavy investments:
Due to the rapid growth of the Indian gambling market and
the size of the population, the big world is beginning to acquire and work with
domestic companies to expand its geographical presence. Real Money Games (RMG),
such as Cards (Poker and Rummy) and Fantasy Sports, attracted $ 700 million in
the first nine months of 2021. As investors continue to recover in this sector,
local businesses are likely to expand their operations and serve global markets
in the coming years. Today, however, the growing industry suffers from an
unstructured regulatory framework. Given the great potential of the online
gaming industry in India - the world's fourth largest market - the industry
needs a strong regulatory and regulatory environment to help expand its
business immediately. When a government comes up with a clear, concrete and
effective policy to promote responsible gaming, the industry realizes its true
potential.
.jpg)
.jpg)
