Online gaming in India: Reaching a new pinnacle Executive Summary – An overview of online gaming market in India The advent of India’s online gaming industry can be dated back to 2000s, when console and PC gaming brought several middle-income group Indians on digital gaming platforms. During mid 2000s, online gaming was largely in the form of India Gaming Summit, IGS 2020 Register today for India gaming summit organized by Google And The Financial Express on 28-30 July 2020. The Virtual Conference will provide insights on the Online Gaming Industry and its potential future. As per the results of a March 2020 survey on online gaming in India by Rakuten Insight, a majority of respondents played online games daily. India is on the cusp of becoming one of the biggest online gaming markets in the world. According to a new report by KPMG, the industry could be worth $1.1 billion by 2021. The study is based on all facets of the gaming industry, from mobile social games to poker, and considers recent growth, current dynamics, and future innovations. As per the report, India had 120 million online gamers in 2016. On a global level, the online gaming market stood at a value of $151.55 billion in 2019 and is likely to reach an approximate value of $256.97 billion by 2025, recording a CAGR of 9.17% over the prediction period (2020-2025). Game developers throughout developing economies are constantly striving to improve gamers’ experience, introducing, and rewriting codes for varied platforms, like Xbox ... India is a young country with over 75% of its population under the age of 45, making it one of the largest potential markets for online gaming in terms of volume. The Indian population is also ... Kolkata-headquartered online games platform Baazi Games plans to invest US$5 million in India’s gaming market in 2020. Investment will focus on gaming start-ups to nurture the latest gaming technology. The online portal offers card-based games, such as Poker Baazi and Rummy Baazi, and fantasy cricket Balle Baazi, on its online platforms. Indian Olympic medalist boxer Vijender Singh has been ... Online gaming in India started to take off sometime in 2018 as the ripple effects of affordable internet reached the nooks and corners of the country. But 2020 gave the sector an unprecedented ... Top 5 Online Gaming Trends In India In 2020 Although, the industry is in its nascent stage yet the initial stages itself are suggestive of a proper gaming ecosystem under construction Next Article According to a research by WATConsult, a digital marketing agency, 70% gamers felt their time spent in online gaming increased, and 68% believed that it was a result of having more time in hand.
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