Internet Paves the Way for Online Gaming Industry in India
The onset of the internet saw many ways of life undergo an evolution that eliminated the need for physical presence. One of them is gaming.
Traditional gaming was made possible at home, through the digital platform. From there came online gaming, and the rest is history.
Today online gaming in India has become a culture from which many get to earn while playing and providing plays and playing tools. According to stats, there are around 628 million online gamers, representing half of the population of India.
Interestingly, the gaming evolution opened wide opportunities for the online gaming industry. To date, the online gaming industry in India has generated revenues and provided employment opportunities among various tech-savvy Indian nationals.
Investing in Online Gaming Industry in India
The rapid growth of online gaming in India has attracted a lot of foreign companies in the entertainment business.
With half of India’s population spending time playing games online, various gaming firms have already integrated into India’s gaming ecosystem. Furthermore, some are in the process of incorporating their gaming business in the land that is fast turning into a global hub of digital platform-based investments.
The gaming industry in India knows no boundaries. It involves gamers, developers, designers, investors and of course, the marketing sector.
Reasons to Invest in Online Gaming Industry in India
There are many reasons why gaming entities should consider the idea of investing in the online gaming industry in India. Here are seven of them:
More Room for Big Population
Seven out of 10 Indian nationals fall under the age bracket of 45 and below, 60% of which are online gamers. The remaining 40 percent under this age bracket somehow have either played or interested in playing online games. Thus, it is safe to assume that the online gaming industry is in itself a big industry and continues to grow.
Internet-Savvy Nation
Recent studies showed that half of India’s 1.35 billion people use the internet, further boosting visibility and promotion of the online gaming industry. The number of internet users is seen to grow further by the end of 2020.
Growing Number of Mobile Gamers
The availability of locally manufactured mobile gadgets is another factor that contributes to the growth of the online gaming industry in India. Most online games may use hand-held communication gadgets like smartphones, tablets and laptops. Thus, anyone on the road or in dull moments may opt to kill boredom by playing online games, at a minimal cost—no need for the bulky desktop computers or game consoles requiring television sets as monitors.
Indian Content for Indian Market
Local gamers would always prefer an online game embarking on local settings with local content for a better gaming experience. There are already games coined from Indian culture, involving local characters — Indian Rummy, Teen Patti, Andar Bahar, Texas Holdem Poker and Omaha Poker are among the most popular among Indian gamers. Furthermore, a locally developed online game also provides How-Tos.
Proof of Promising Online Gaming Industry
The phenomenal success of online fantasy sports and e-sports manifests social acceptability of the online gaming industry in India. Online fantasy sports attract internet users to engage because it promotes skills in forming their own teams composed of fellow online gamers ready to engage in a game where gamers create the rules themselves. This particular online game has generated a significant slice of the Indian market, compelling its investors and developers to expand by infusing more for its promotion. Furthermore, the most popular fantasy sport online game is “Cricket.”
E-sport is another online game that promises so much fun for gamers and revenue for its developers. Adding on to that, the most popular e-sport, online games are Dota and Counter-Strike.
More Tech and IT Business Players
Recent years saw more and more online game development companies join the fray. In fact, from just 25, they have multiplied 11 times in just one year. The booming online gaming industry also saw more people landing jobs in this sector.
Digital Payment Schemes
Online gaming businesses need not worry about how to collect or pay for obligations. The advent of the internet saw the parallel birth of online payment systems too. In fact, there is a long list of web-based payment schemes, which lessens the ministerial concerns of the online gaming industry business in India. Furthermore, web research showed that of the 680,000 internet users in India, half of it uses digital payment methods for the last 10 years.
Hop गnto Online Gaming Industry in India
The phenomenal flick in the online gaming industry should be more than enough reason for Tech and IT firms to seriously consider joining the fray of successful businesses embarking on the modern-day business primarily designed to beat boredom while trying to develop skills, forge camaraderie while having fun with the online games.
Hop in and be part of the lucrative online gaming industry in India. We can help you get there.
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