A hike in the growth of the online gaming industry in India can be seen. After 2016 the Indian gaming industry has seen tremendous growth like never before. It stood at a startling US Dollar 290 million in 2016 and the estimated value was about US dollar 1.02 billion in 2020. Many researchers and experts have announced that it may reach about 4.88 billion US dollars by the end of 2026 with users over 628 million.
Why Has The Gaming Market in India Grown?
The gaming market in India has grown rapidly in recent years, and there are several reasons for this growth. The growth of the gaming market in India is the result of a combination of factors, including increasing smartphone penetration, the rise of online gaming, the growth of the esports scene, increasing disposable income, and the localization of games.
As more Indians continue to embrace gaming as a form of entertainment, the gaming market in India is expected to continue to grow in the coming years. Here are some of the key factors contributing to the growth of the gaming market in India:
- Availability of Cheap Devices and the Internet
With the availability of Smartphones being very low and affordable price everyone in India now has a smartphone. The numbers have reached the 859 million mark in 2022 there is a rapid increase in the number of users of smartphones which is one key driver of why the online gaming market has increased so much. This also means that India is one of the largest internet users and by the census, it can be said that India is the second largest internet user after China. There is an increasing hike in the number of internet users in India in recent years.
- User-Friendly and Relatable Games
Nowadays most app development companies provide the best app development services and developed the most use of friendly apps for their clients. So it is very easy for service providers to have apps that are very user-friendly and every customer can relate to it giving them a personalized experience. And talking about personalized experience apps now come in different languages that two of Indian Origin such as Bengali Marathi Hindi and Tamil which helps the user to understand and relate to it more making a hike in the gaming industry’s growth.
Foreign Investment and Growth of Gaming
With the increase in the gaming sector of India foreign investments have also increased. With more and more foreign companies wanting to enter the Indian gaming market there is a blast of investment here. Investors have now turned towards the Indian gaming industry as the new investment center and this is not only health the growth of this industry but the growth of gaming as well.
The youth in India is now turning towards more and more online gaming which has further helped in the growth of gaming in the country. The countrywide interest in many fantasy Sports and similar apps such as dream11 and vision11 is one key reason why foreign investments have also increased in the Indian gaming sector.
Many foreign companies have taken an interest and also agreed upon India’s gaming preferences and the growing market opportunities. However, they have not just gained interest but have also taken the opportunity of the growing gaming market in the country and have invested in it tremendously.
Should You Invest?
Everyone is seeing potential in this highly profitable industry. It is a very good time that you start investing in this industry as it will help you increase more knowledge in this industry and also help you generate profit. This industry has huge potential that can help you grow and also make it big here. But now the question arises as to what you should do to enter the gaming industry.
So here is the list of the thing you can do to enter the gaming industry today. It is a very potent market that can prove to be very beneficial if you invest in it today. Since it has also been legalized by the Indian government the gaming market in India has a lot of potential. If you want to enter the online E-Sports industry and looking for a perfect channel then you must invest in an E-Sports app.
A mobile app for online gaming can help you earn and make profits tremendously it is one of the ways that most organizations earn their profits and make a very good presence in the E-Sports and gaming industry. The Indian market has huge potential that enables investors to earn a hefty profit from it.
Wrapping It All Up…
Now that you know what the Indian gaming market is and how important it is that investors are wanting to invest in it you can also work on the same. With the help of perfect guidance and Research, you can tremendously gain profits and earn money by investing in the Indian online E-Sports gaming industry. So if you are planning to invest in this industry and are looking forward to getting an app developed as a step towards investment then you must contact a fantasy app developer.
Here we develop one of the most unique and user-friendly E-Sports apps that are very different from the ones already available in the market. With a wide range of completed projects and hundreds of ongoing projects, we are one of the market leaders in the Sports app development field.