The majority of studies conducted in the past year indicate that the Indian gaming economy will grow even more rapidly in the next few years, and Bharat is now a part of this boom. The number of online gamers in India’s tier-III cities and towns is expected to double by 2021, according to research from Mobile Premier League (MPL), a leading esports and skilled gaming platform, similiar to Ripper Casino‘s position as a leader in the online casino marketspace.
The top 30 websites have reported up to 170% more users than they did in 2020. As a result of the pandemic, the gaming industry in India, one of the leaders in the global market today, has been altered by a number of restrictions and lockdowns.
One third of Indians, roughly, have online access to the gaming platforms which are growing exponentially in the current scenario worldwide. As reported by Newzoo, the PC gaming industry is worth more than $35 billion. As a point of reference, the video game console industry is currently valued around $35 billion.
For some time, Valve’s Steam was the only online storefront where PC gamers could buy and download games. About half of all game developers and publishers solely offer their games through Steam.
As with many innovations, steam’s first adoption gave it a significant boost toward widespread use. It was one of the first consolidated locations for PC gaming enthusiasts to browse games, check out user reviews, and get straight in. They also attracted a sizable player base that actively works together on updates, discussion boards, and problem reporting.
Over 400 gaming companies now call India home, including industry giants like Infosys Limited, Hyperlink InfoSystem, Fgfactory, Zensar Technologies, and many more.
The WEF claims that the increased number of social media influencers who push their followers to play more games is largely responsible for the gaming boom in India. Video games have replaced television as the major source of entertainment for India’s youth.
When compared to their spectacular growth in 2021, esports and game streaming have an even brighter future in the year to come. The arrival of BGMI in 2021 was widely awaited by Indian gamers, and 2022 will witness the debut of games from a plethora of prominent publishers in the nation.
We saw esports reach new heights in 2021, and we can expect the sector to continue growing in the coming year, with both prize money and the variety of games increasing.
Hundreds of thousands of new streamers and millions of new viewers have joined the game-streaming community, and this growth is expected to increase in 2022, when individual feeds will compete with big traditional sports. Finally, we anticipate the release of exciting new use cases that will aid creators and consumers, all made possible by the intriguing use cases now provided by blockchain.
Loco’s mission from the start has been to pave the road for video games to be recognized as a legitimate national pastime, and we believe that this goal will be achieved by the year 2021. We’re positive that this will solidify India’s position as a major player in the gaming industry worldwide by the year 2022.
Mobile gaming industry is one of the fastest growing industries in the world, especially in India. Within the past few years, mobile games have become the entertainment of choice for people from all walks of life and across all demographics, as well as the option to have a career within the gaming industry.
There are some the major factors which come into play while we talk about people shifting to mobile gaming, some of the factors include:
Major Factors
- The majority of internet users in India access the web through their cell phones or other mobile devices initially.
- Thanks to their portability, mobile phones make gaming more accessible on the go.
- More efficient and affordable high-speed internet networks and individual data plans have led to a fivefold increase in daily data usage among smartphone owners over the past several years.
- Upgraded and more affordable mobile phones – Today, even smartphones with larger displays can be purchased with far less effort and expense than they were even a few years ago.
- Improved visuals; today’s mobile games appear and play more like their console counterparts because of advancements in graphics, gameplay mechanics, and screen compatibility.
- Increasing disposable income has led to a move toward more aspirational purchasing habits, particularly in the areas of leisure and entertainment. In India, the typical person’s income has increased by 1.6 times over the past three decades.
- Countless possibilities for entertainment and software – Developers are always thinking of ways to improve mobile games in response to the ever-growing number of people who play them. There is a plethora of games available now, from puzzle games like Candy Crush and rummy to skill games like Dream11 and fantasy sports applications.
The Indian gaming business is expected to grow to $3 billion by 2025, outpacing the expansion of the global online gaming industry.
By 2024, it is expected that the number of persons employed in online skill games would have increased from the current 40,000 to over 2 lakh. This growth results in tax revenue for the government because of its convenience, greater security, and the opportunity to promptly withdraw winnings.
High-end applications of AI and data science to comprehend players’ wants and needs will fuel the gaming industry’s further growth. The gaming industry has a bright future ahead of it because of the incorporation of cutting-edge technology like Blockchain.
With the increasing availability of high-speed internet and mobile devices, another major development to watch for is the spread of gaming into previously unreached regions.
Conclusion
Supporting the growth of the gaming industry a recent study declares that the number of Indians who play video games online is expected to double from its 2018 high of roughly 250 million to approximately 400 million by the middle of 2020, according to a research by KPMG. This market has been gradually expanding over the past five years, and by 2025, its value is projected to have tripled to $3.9 billion.