Major factors driving the growth of the India Online Gaming Market are the increased internet and smartphone penetration and hence the popularity of online gaming. Internet penetration is low in India compared to other Asian countries. This provides growth opportunities for online gaming companies.Increasing use of smartphones, increasing disposable income, and rising penetration of the Internet in developing countries are driving the growth of the online gaming market in India. Online Gaming Market Research is an intelligence report with meticulous efforts to study the right and valuable information.
Online Gaming Market in India is expected to grow at a high CAGR between 2021 and 2027. Currently, India has more than 4,000 gaming websites and games and each of them is responsible for earning huge revenue. Additionally, an increase in disposable income and willingness to spend on entertainment has led to a surge in the demand for online gaming. A growing interest in eCommerce, growing emphasis on developing world-class infrastructure, and proliferation of high-speed internet are driving the demand for online games. Games are a long-term, predictable investment with plenty of room for future growth. The biggest challenge for online gaming companies in India is the lack of trust from gamers regarding their financial security. The gaming industry in India will thus need to focus on creating a trust factor for players while targeting Indian players with a better game that enables users to earn a comfortable income.
Overview :Online Gaming Market is a form of entertainment and tourism for both adults and children where an individual can play any games of their choice such as games on a computer or other networked devices. There are two forms of online games, namely gameplay on the online network and casino gaming. The number of individuals playing games online is growing worldwide and the market is expected to generate revenue of over $36,300 Million by the end of 2027. Games such as online poker and online roulette involve virtual money. Modern technologies help these activities to be conducted online affordably and conveniently. The international community of Internet users has grown rapidly and it is leading the growth of the online gaming industry. As more people are connected to the Internet, the global online gaming market is growing rapidly.
The report offers a comprehensive analysis of the India Online Gaming Market. The report intends to provide an overview of the Indian Online Gaming Market with categorization in terms of market segments for different industries and geographies. India Online Gaming Market report is segmented based on product, type of bet (Online Betting, Live Betting), genre, end-user, application, and geography. India Online Gaming Market report delivers a detailed study with present and upcoming Opportunities to clarify the future investment in the market. Globally India Online Gaming market report shares information regarding key drivers, limitations, and Opportunities with its impact by regions. India Online Gaming Market report provides key statistics on the market status of the India Online Gaming Players and is a valuable source of guidance and direction for companies and individuals interested in the Indian Online Gaming Industry.
The online gaming market is expected to experience significant growth during the forecast period, primarily due to an increasing number of mobile users, an increasing number of broadband subscribers, increasing penetration of smartphones, and technological developments in online gaming.The ecosystem around gaming in India has grown since the gaming landscape was started in 2012. The games are becoming more attractive to consumers by the day. The most popular titles of 2018 were PUBG Mobile, Mobile Legends, and Fortnite.
The increasing presence of internet users and increase in disposable income of people in the APAC region are expected to drive the online gaming market. The Indian online gaming market is expected to expand by 29% annually to reach INR 3,700 crore ($592 million) by 2027, driven by a surge in internet users. Online games are fast becoming the preferred mode of entertainment for Indians, with 22 million subscribers—accounting for 26% of the internet user base.The gaming market is largely skewed towards free-to-play, with revenue accounting for 78% of revenues. This shift is driven by the reduction in the cost of game development from 12 months to eight, as well as an increase in user base and retention rates. More than 50% of online game players across the world own multiple games on one platform and spend 20-40% of their time playing games.
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