The emergence of gaming as a global phenomenon

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#OnlineGaming #SEBI #RBI

Online gaming is the new fad



Once upon a time gaming meant being in physical proximity with each other and playing while talking, laughing, and giggling! We have come a long way from the time when board games such as ludo, carom, etc. were played physically. It had a human touch and involved face-to-face interaction. However, the gaming landscape has evolved over the years. In fact, it has completely upturned from what it was a year ago! The global pandemic pushed us to quarantine and practice social distancing norms. While it disrupted various industries, COVID-19 emerged as a blessing in disguise for a few sectors and the gaming market is one such segment. It expedited the growth of the sector and as a result, online gaming has been gaining prominence ever since at the global level. Owing to the coronavirus and the pandemic-induced digital revolution, online gaming is the new fad and is emerging to be a global phenomenon. With the growing smartphone penetration and easy accessibility of data at affordable pricing, gaming has taken the mobile route. Online games are now accessible anytime, anywhere surpassing all geographical barriers and differences in time zones due to mobile gaming.





The gaming sector has had remarkable growth so far, as per Modor Intelligence research, the global gaming market was valued at $173 billion in 2020. It is projected to grow at a CAGR of 9.64% and will hit the $314.40 billion mark by 2026. According to Statista, the market generated revenue of approximately $21.1 billion. These statistics depict that the market was at its prime last year and is growing exponentially. Passé are the days when the meagre mention of the word ‘gamer’ used to evoke flashes of a teenage boy locked in a dark room hooked onto his screen. With the growing market and the surge in mobile gaming, gaming is now accessible and available to all. It has turned into a global trend .

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  • Watch The emergence of gaming as a global phenomenon Video
    The emergence of gaming as a global phenomenon

    #OnlineGaming #SEBI #RBI

    Online gaming is the new fad



    Once upon a time gaming meant being in physical proximity with each other and playing while talking, laughing, and giggling! We have come a long way from the time when board games such as ludo, carom, etc. were played physically. It had a human touch and involved face-to-face interaction. However, the gaming landscape has evolved over the years. In fact, it has completely upturned from what it was a year ago! The global pandemic pushed us to quarantine and practice social distancing norms. While it disrupted various industries, COVID-19 emerged as a blessing in disguise for a few sectors and the gaming market is one such segment. It expedited the growth of the sector and as a result, online gaming has been gaining prominence ever since at the global level. Owing to the coronavirus and the pandemic-induced digital revolution, online gaming is the new fad and is emerging to be a global phenomenon. With the growing smartphone penetration and easy accessibility of data at affordable pricing, gaming has taken the mobile route. Online games are now accessible anytime, anywhere surpassing all geographical barriers and differences in time zones due to mobile gaming.





    The gaming sector has had remarkable growth so far, as per Modor Intelligence research, the global gaming market was valued at $173 billion in 2020. It is projected to grow at a CAGR of 9.64% and will hit the $314.40 billion mark by 2026. According to Statista, the market generated revenue of approximately $21.1 billion. These statistics depict that the market was at its prime last year and is growing exponentially. Passé are the days when the meagre mention of the word ‘gamer’ used to evoke flashes of a teenage boy locked in a dark room hooked onto his screen. With the growing market and the surge in mobile gaming, gaming is now accessible and available to all. It has turned into a global trend

    Technology video | 152 views

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  • Watch Purchase of High-end gaming laptops and expensive accessories have surged due to online gaming Video
    Purchase of High-end gaming laptops and expensive accessories have surged due to online gaming

    India is only second to China in terms of internet users. Plus, the number of active users recorded as 451 million in 2019, are expected to reach 829 million by 2021. With rapid technological advancements, the number of online game developers rose to 275 in 2019 from a meager 25 in 2010. India is on the fast track to becoming a development center for gaming companies. Secondly, adoption of digital payment methods: Digital payment platforms are expected to grow from 100 million users recorded in 2019 to 300 million users in 2022. This has contributed to an increase in online payments on gaming portals. Games are highly engrossing, which makes them ideal to earn revenues. If the content and graphics are good, the gamer will not mind waiting a few seconds for an ad before continuing with their game. Smart monetizing strategies are further making the online gaming sector a hit business.

    The number of gamers should reach 440 million by 2022, from about 360 million last year. Popularity of gaming, including e-sports, has surged through the pandemic that has restricted mobility beyond home. The category expanded 12% in 2020, even as the growth was curtailed by a ban on PUBG. But after the pandemic, there was an increase of 90% in the number of people playing esports, while viewership doubled to 17 million, hosted across 14 broadcast platforms. Interestingly, customers are moving toward high-end products like gaming laptops and are investing in more expensive accessories. At the same time, gaming companies are organizing daily practice matches and monthly professional league tournaments, which adhere to global standards of infrastructure, professionalism and skill-level


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