Application Technology to revolutionize the gaming industry with double digit growth
Application Technology to revolutionize the gaming industry with double digit growth.
Application Technology to revolutionize the gaming industry with double digit growth
Application Technology to revolutionize the gaming industry with double digit growth
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The pandemic has helped the online gaming to grow to 12% during the lockdown period, with a remarkable growth in online card games and digital sports. One of the major contributors to the growing eSports community, which is device-agnostic, has been gaming cafés in metropolitan cities. “Ten years ago, online socialising was not a thing. Even now, with Discord, WhatsApp and everything, I think socialising is better if you are with the person. And, these places also conduct tournaments. The aggregate revenue of e-sports startups and companies in India reached 68 million dollars in FY 2020 and is projected to grow by CAGR 36% over three years.
The Indian eSports industry is still at a nascent stage — largely unstructured without a uniform body or market research. And still, there are many who have made money off it. Gaming has not only been subjected to consoles, PC, mobile but also Virtual Reality gaming which can be experienced in facilities like Microgravity in India. India is expected to add nearly 40 million online gamers during 2020−22, according to Deloitte. Maple Capital Advisors’ report estimates that the Indian gaming industry will grow 41% annually due to the growth of digital infrastructure. By 2024, it claims, the gaming industry will be worth $3,750 million. Going by these numbers, we are on the cusp of a great Indian gaming boom.
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Gaming industry is moving towards immersive technology that offer close-to-life experiences
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Prime Minister Narendra Modi today spoke of targeting double-digit GDP growth for breaking into the USD 5 trillion economy club and said India's share in world trade has to be doubled to 3.4 per cent. He said GDP growth touched 7.7 per cent in the last quarter of 2017-18 fiscal but now the time has come to look beyond 7-8 per cent growth and target double-digit expansion.
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Online gambling market continues to achieve the double digit growth
Online gambling market continues to achieve the double digit growth
Technology video | 70 views
The India wearables market shipped 13.9 million units in 1Q22, up 20.1% YoY (year-over-year) according to the recent data from the International Data Corporation’s (IDC) India Monthly Wearable Device Tracker. This growth can be attributed to new launches, discounts across channels, and aggressive marketing by brands. The ASP of the overall category declined 17.1% YoY primarily due to a stronger decline in the ASP of watches. Watches continued to be the fastest-growing category shipping 3.7 million units with a growth of 173.0% YoY in 1Q22 (Jan-Mar). Basic watches accounted for 95.1% of the overall watch category shipments. Aggressive competition at entry-level price points helped the basic watches grow 202.1% YoY, whereas the smartwatch shipments declined 4.2% annually. Furthermore, the ASP of the watches declined 41.5% YoY to reach $50.3 in 1Q22 compared to $86.0 in the same quarter last year. On the other hand, Wrist bands continued to decline annually for the 9th consecutive quarter. Overall wristwear (which includes watches and wrist bands) grew 87.5% yearly in 1Q22, with a total shipment of 4.0 million units.The earwear category accounted for 71.3% of the overall wearables category; the true wireless stereo (TWS) devices grew to 48.3% from 34.2% in 1Q21, with a growth of 48.2% YoY. India wearables market records double-digit growth in January-March, BoAT, Noise on top.
Aggressive discounts, new features, and a strong push from brands and channel partners are encouraging consumers to upgrade and spend more on wearable watches. While dependence on devices like TWS and wearable watches is increasing, supply remains a concern for the industry. Intense competition in the sub $50 category is pushing all brands to offer competitive offerings in terms of pricing, features, and device design. The outlook for 2022 remains strong as wearables will try to attract users in Tier 2 and Tier 3 cities. The healthy growth is attracting newer players to the market, as br
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Sophos thanks partners for double digit growth
#SunilSharma - Managing Director (Sales), #Sophos
Sophos thanks partners for double digit growth
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#Redington eyes double-digit revenue growth and plans to enter new markets #shortsvideo
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The AI and the 5G industry are both significant and rapidly growing sectors, both AI and 5G are expected to have a significant impact on technology growth in the coming years. Experts say, AI industry is not in a bubble and it's 'bigger than 5G or self-driving cars.
AI has the potential to transform various industries by automating tasks, enhancing decision-making, and improving efficiency. As AI technologies become more sophisticated and widely adopted, they are likely to create new business opportunities and lead to the development of new products and services.
5G, on the other hand, is expected to enable new applications and services that require high-speed, low-latency connectivity, such as augmented and virtual reality, autonomous vehicles, and smart cities. 5G networks are also expected to enhance the capabilities of other emerging technologies, such as the Internet of Things, by enabling large-scale connectivity and data transfer.
Today's Headline in NewsHours
0:00 Intro
2:44 #Apple may have reduced M2 chip production
3:15 Three industry veterans express concern over AI in open letter
3:53 Shipment of Smart home devices fall for 1st time in 2022
4:30 Delhi LG approves 55 more e-commerce, retail outlets to function 24x7
5:07 #TejasNetworks gains 696 crore deal from BSNL for pan-India router network
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#artificialintelligence #machinelearning #deeplearning #neuralnetworks #automation, #robotics #dataanalytics #futuretech #cogniti
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