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


Follow Us On :-

https://www.facebook.com/VARINDIAMagazine/

https://twitter.com/varindiamag

https://www.instagram.com/varindia/

https://www.linkedin.com/company/14636899/admin/

https://in.pinterest.com/varindia/?

https://varindia.t.