Tag: mobile gaming startup

  • Garena Free Fire Marketing Strategy: How Free Fire became the Most Popular Battle Royale Game in India

    Let me ask you a question, what do you do when you are free ? Keeping the pandemic in mind, Chances are most young folks would say that they play games, multiplayer games with their friends. Even though I assume that we have a variety of audience on our blog, who like reading, being curious etcetera but gaming has always been most people’s favorite.

    If I had asked this question a couple of decades from now, the answer would vary hugely. With technology disrupting every field, gaming has become the one stop destination for quite any of the age groups. It is an escape from our rather boring world. This world doesn’t allow us much freedom but the gaming world is always ready to fulfil our human need to be limitless. Moreover as computers are getting smaller and smaller, almost to the size of our palms. We can see a surge in mobile gamers.

    Around the last couple years, the most played and talked game was PUBG or the Player’s Unknown Battlegrounds. The concept was simple and cooperative. Hundred random real people are parachuted into the same terrain, they fight till the end. The Last one standing wins the game.

    The game was so popular with Indians that there were reports of extreme addictions among children and teens. The issue got so big that even our prime minister Shri Narendra Modi commented on it in one of his speeches. The game was hated by parents and absolutely loved by their kids. As the game had multiplayer, It allowed them to connect with friends during the pandemic. But with rising tensions among India and China, PUBG was banned due to its roots in China.

    This doesn’t stop here, there were alternatives for these types of games. The most famous one “Free fire” came into the limelight. It had excellent marketing that made it surge the charts of downloads and installs. This article dissects the marketing of the game Free Fire and how games like these are changing the face of the Indian mobile gaming industry. Read on to discover unnoticed facts and figures.

    The Surging Gaming Fad
    What is Free-Fire?
    Free Fire Marketing Strategy
    FAQ

    The Surging Gaming Fad

    India with its huge population is the second most populous country in the world. Moreover, the average age in India is approximately 29 years. Which means that we are an immense young nation.

    Youngsters are known to break stereotypes and create their own path to success. This country is increasingly moving towards dominating the gaming sector. Till now, it was not seen as a viable career option but now the tide around this topic is changing.

    Especially after a pandemic hit the whole world. It confined us to our homes and led us to change our ways of living. Most of the sectors are now working on a remote model. Thus gaming got its much needed boost. With streaming partners like YouTube, it has become extremely easy to showcase your gaming skills online and build a community.

    One of the most famous formats of games in India and world wide is the online multiplayer genre. The genre that is followed by Free fire, the recent hit android game. Read to know about how this world operates in Free Fire.

    What is Free-Fire?

    Garena Free Fire
    Garena Free Fire 

    Free Fire or Garena Free Fire is an android game. In 2017, it was released as Garena Free Fire, which has over 80 million daily active users globally as of May 2020. It is headquartered in Singapore and is traded with the name of Forrest Li. The company which holds all the rights to this game is Sea Limited, with Terry Zhao as its president.

    At the heart of it, the game is a survival shooter game. Each game, which is about 10 minute places the player on a map with 49 other people. Every player is allowed to build up a team of four and play as a team also. Players can land on any point on the map by gliding through a parachute. They can fight, hide, take vehicles and travel the map. The ultimate standing wins the match.

    Other than the basic running-frame, the game also offers different modes and methods to play. Game modes like the 10 minute battleground, 4 people squad game, or 4 versus 4 modes are amongst the most played. The game manages to provide great graphics with all its functions as an online multiplayer. However the quality of gameplay may differ according to device specs.


    Growth Of Indian Gaming Industry During Pandemic
    The Indian Online Gaming Industry is growing exponentially fast and is expected to be worth $1.1 billion by 2021, this is because of the Covid 19 pandemic.


    Free Fire Marketing Strategy

    Free Fire is not just a regular game that hopes to increase its downloads with word of mouth, but it prepares for its marketing in India. It manages to hook more and more players with its marketing campaigns. This section of the articles lists some noticeable brand campaigns that the company runs.

    Roping in Celebrities

    It seems like the golden rule of advertisement is to make a celeb say good things about your product. Free Fire does not lag in that domain too. It roped in the all time pro footballer, Cristiano Ronaldo as the game’s brand ambassador. This is not a regular sight when you see the OG footballer promoting a game. The football player said on its association with the game a great feeling,

    It’s a great feeling having not only a character in Free Fire modeled after me, but also having the whole universe within the game-changing along with it. The Garena team has worked into the game tons of new features and elements for Operation Chrono. I hope Free Fire players all over the world are just as excited as I am!” said Cristiano Ronaldo.

    Ronaldo Character in Free Fire
    Ronaldo Character in Free Fire

    This collaboration with Cristiano Ronaldo went really well. The company reported more installs after this collaboration than recent times. This is a promotional video that the company uploaded on its YouTube channel.

    ‌‌Speaking of celebrities, India is a special place. If Free Fire wants to hold their leg in here they need something personalised with Indian audiences. They did what was probably needed. They made a song, roping in Sachin Jigar as singers. The song starred YouTube celeb Bhuvan Bam and actress Shraddha Kapoor. The song, not to mention really hit the chord with fans of these stars and the singer duo.

    Championships: the battle of bests

    The best part of a sport is not the winning or the losing, but the sport itself. The sportsman spirit and the sweat of hardwork is the best part about the game. Free Fire knows this very well and that is why it hosts championships of the best players and anyone can be the next player for that matter. Making an indoor game as exciting as an outdoor sport takes time but Free Fire is hacking the process on how to make a nerve racking thumbs game.

    The company has managed to make a space in the hearts of budding gamers. If you are someone who wants to be a gamer, then tournaments are what you look forward to. These tournaments provide a stage to show what you got, to show your skills and be liked by the gamer folks. This is one of the best marketing strategies that the company follows. Despite being marketing, it is first the gamer’s win.

    Free Fire Tournament in India
    Free Fire Tournament in India

    India is a land of diversity and we have a lot of people of different ethnicities. The company thoughtfully made this a task. What they did was they made the championships for people of almost all Indian languages. Yes, the championships happen in different slots, keeping in mind one region at a time. That is the reason we can see their YouTube channel filled with championships in languages like Hindi, English, Tamil, Bengali and much more.

    Onboarding Streamers

    When you are in a business of games, online streamers have to be your friends. They promote games without naming it as an advertisement or marketing tag. So Free Fire onboards streamers who create content around the gameplays.

    Streamers make the game a little more spicy with their own way of commenting. This makes up the basis of their tribe or channel. It also helps the game get more liking among the age group. It’s a win-win situation for both the gamers and game makers.

    Take for example, “Two side brothers”, two brothers who stream Free Fire and give their viewers a glimpse of their life. They also go and compete in tournaments, domestically and international tours, hosted by Free Fire.

    More than just reviews, Free Fire makes them more inclusive to their fans. In this video streamers went that extra mile and met their most loyal subscribers. This is all done to promote the sportsmen spirit that the game provides. It is to celebrate the collaboration of gamers and game makers to make everyday life a little more fun.

    Quick Updates for better performance

    Free Fire Update
    Free Fire Update

    If you look at the last update of this game on Google play store, it will show November 1. Not to mention, the company focuses on the user satisfaction in a very steep manner. If we notice the games of these types, we will find that these are quite heavy games and take good time to get better. They are heavy games because of the data that they are packaged with.

    Moreover they are multiplayer, which increases the probability of glitches every now and then. This makes the updating process expensive and time taxing, but Free Fire doesn’t stop, it manages to release updates on time. The recent updates included,

    1. Clash Squad Season 9 – Begins 09/29 17:00 GMT+8.
    2. Airdrop Vending Machine now available in Battle Royale.
    3. New Weapon – Treatment Sniper now available in Battle Royale.
    4. Weapon Stats adjustments.
    5. Character Balancing adjustments.
    6. Replay system available for Battle Royale and Clash Squad.
    7. Players can now customize the amount of items to drop from the bag.

    The key differentiator between PUBG and Free Fire, as seen by experts, is the fact that the latter has more flexibility with earning game characters and rewards. Keeping the skill sets almost the same on both levels.


    How did PUBG mobile India got Approved to Relaunch?
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    Conclusion

    Mobile apps are considered to be a difficult market to win in. The mobile gaming market is even harder to tap into. Even in these windy markets, Free fire is mostly able to stand. As of May 2020, Free Fire has set a record with over 80 million daily active users globally. As of November 2019, Free Fire has grossed over $1 billion worldwide. These are massive numbers to the benchmarks in the mobile gaming industry.

    Free Fire was also one of the first battle royale games to hit the market in 2017. It soon became the most downloaded mobile game globally in the year 2019. The game also received an award for the “Best Popular Vote Game” by Google Play Store in 2019.

    The company behind Free Fire seems like it is pushing the throttle to make India its prime playing country. The game has more than 1,000,000,000 downloads as of now. however these are global numbers, the larger chunk of these numbers are expected to be in India.

    One visit to their YouTube channel will make you aware of the efforts that the company is putting in to elevate the game. Nonetheless these efforts can be proved with the hype that the game has garnered.

    FAQ

    Is Garena Free Fire a free game?

    Yes, Garena Free Fire is a free to play game.

    Who is the present CEO of Free Fire?

    Forest Li is the founder and the current CEO of Garena Free Fire.

    Which country has most downloads of Free Fire?

    India ranked top in the most number of Free Fire downloads and was followed by the USA at number 2 and Brazil at number 3.

  • Startups funded by Rakesh Jhunjhunwala

    Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid-Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.

    He is popularly referred to as the “Warren Buffett of India” and the “King of Bull Market”.

    Jhunjhunwala’s stocks fell by up to 30% in December 2011. He recovered his losses in February 2012. These ups and downs forced him to reduce his vulnerability by trimming his portfolio to one-third.

    His attempts to divest his Aptech stake had no takers. Jhunjhunwala invested ₹26 Crores (US$3.4 Million) in A2Z Maintenance increasing his stake in the company by 3.57%, upping his stake in the company to 23.2%.

    Rakesh Jhunjhunwala startup investment in India
    Rakesh Jhunjhunwala startup investment in India

    The first big profit of Rakesh Jhunjhunwala was ₹5 lakh in 1986. During 1986 – 1989, he earned almost ₹20-25 lakh profit. As of 2020, his biggest investment is in Titan Company which is worth ₹4,758 Crores (approx. US$600 Million).

    Rakesh Jhunjhunwala will start by investing in the start-up scene of India. Mobile gaming firm Nazara Technologies, based in Mumbai, announced the acquisition of minority stake in the company for an estimated $27.99 mins by investor Rakesh Jhunjhunwala (INR 180 Cr).

    Investment from Rakesh Jhunjhunwala follows the $51.1 million financing round led in the beginning of this month by the IIFL Special Opportunities Fund. “We are happy to have Rakesh Jhunjhunwala as an investor at Nazara and it is a great validation of the value increases that Nazara delivers to its existing shareholders,” said Nitish Mittersain, Managing Director and founder, Nazara Technologies.

    Nazara Technologies is a mobile gaming company which acquires, adds value and sells mobile games in emerging markets. It offers massive mobile internet users mobile gaming subscriptions which consist of mainly mobile gamers in Africa, the Near East and Southeast Asia, Latin America and the Indian subcontinent for the first time. Rakesh Jhunjhunwala commented on his investment, “I still look forward to promising businesses that are the pioneers in high vertical growth. In the mobile game market, Nazara is a leading company. Nazara has a clear history of benefit delivery, cash flow, effective capital use and high ROE.

    Nutrition startup Fullife Healthcare
    Nazara Technologies
    Conclusion
    FAQs

    Nutrition startup Fullife Healthcare

    Nutrition startup Fullife Healthcare raises ₹50 crore from Rakesh Jhunjhunwala and other investors.

    At its latest round, Fullife Healthcare is the organization that runs the Fast & Up brand for sports nutritional supplements.

    The financing comes from established Rakesh Jhunjhunwala and Sixth Sense investors and Amansa Capital’s latest investment company Akash Prakash. One of the first supporters of the organization was Jhunjhunwala.

    The business is widening its product range with recent investment and also aiming to add new markets, including the United States and Europe. In Italy it is already present.

    Nazara Technologies

    Rakesh Jhunjhunwala- Nazara Technologies
    Rakesh Jhunjhunwala- Nazara Technologies

    They are the leading diversified gaming and sports media network in India and developing and developed world markets such as Africa and North America, as well as providing services in the digital gaming, electronic sports and early learning ecosystems.

    Mobile gaming company based in Mumbai submitted initial public bids documents on Friday to industry regulators. The business is renowned for the World Cricket and Chhota Bheem and Motu Patlu Championship games. Nazara is one of the largest digital gaming and sports media companies in India.

    Nazara Technologies, founded in 2000 by Nitish Mittersain, is a developer and publisher of mobile games offering unique services as the Games Club, and an exclusive dealer for key developers of games like Electronic Arts, for instance. The business operates in Dubai, London, Africa, Singapore and in Mumbai. And it operates in developing markets in 61 more countries.

    In India, Nazara has been licensed to use the mobile gaming rights of famous IPs such as Virat Kohli, Hrithik Roshan, Chhota Bheem, Royal Challengers-Bangalore, aand Motu Patlu. As of September 2017, in its network of Games on the Google Play Store, Nazara has been able to download more than 34 minutes of its monthly users, according to Nazara. The company also announced in the same month plans for an IPO of $156.5% by the end of FY18.

    The online gaming industry in India estimates to be over $360mn worth, and is expected to rise to $1tons by 2021, according to the Google KPMG report published in May 2017. It is likely that this industry will cross over 310mn gamers throughout the country. The segment’s tremendous potential and offered an opportunity to explore several startups. Two more Smaaash and Passion Gaming start-ups have raised $3.8 million and $3.7 million in funding last month.

    India makes up approximately 13% of the world’s online mobile gaming population, according to the data available. However, while the industry has expanded rapidly in recent years, most firms have faced difficulties in breaking down. In FY17, the company generated revenues in excess of $86 million (INR 550 cr) and income in excess of $10.3 million (INR 66 cr). This investment by Rakesh Jhunjhunwala as an accomplished investor is another confirmation of the profitable and sustainable gaming start-up model.

    Conclusion

    Nazara has invested and acquired in various gaming categories, including Esport, edutainment and infotainment, sports fantasy, multiplayer games such as carom and mobile crickets, over the years in order to increase its role in the gaming and sports sector. Others are the leading investors, in addition to Jhujhunwala, Plutus Wealth Management, IIFL Special Opportunities Fund.

    FAQs

    Who is Rakesh Jhunjhunwala?

    Rakesh Jhunjhunwala is a business magnate, one of the most renowned and successful stock market investors in India. He has made a great fortune by trading and investing in stocks. He is an inspiration for all those who want to succeed in the Indian Stock Market.

    What is the net worth of Rakesh Jhunjhunwala?

    The net worth of Mr. Rakesh Jhunjhunwala is estimated to be $3.3 Billion.

    What is Fullife Healthcare?

    Fullife Healthcare is a startup that sells sports nutrition supplements under the brand Fast & Up.

    What is Nazara?

    Nazara is a digital gaming and sports media company in India.

    Who is the king of share market in India?

    Rakesh Jhunjhunwala is known as the King of the Share market in India. He is popularly referred to as the “Warren Buffett of India” and the “King of Bull Market”.

  • The lucrative Business Model of Mobile Gaming Industry [Case Study]

    ‌The Mobile gaming industry has grown rapidly since last year, 2020. Developing a mobile game is much more accessible and requires less budget as compared to PC or console games.

    According to statistics, the Mobile gaming industry has grown up to $50 billion. In fact, the revenue through gaming is much higher than those of Hollywood. Mobile gaming is beating the other platforms of gaming with its tremendous responses and revenue. Based on the revenue, the mobile gaming industry is reaching its peak in a very lucrative manner and growing rapidly.

    ‌The business model for the mobile gaming industry is very crucial. However, the developers mainly concentrate on the experience of players and optimal authentication. Although managing monetization and experience of the players is quite a handy task and needs proper balancing.

    Half of the revenue that comes to the mobile gaming industry is from China, Korea, Japan along with Europe and North America Contributing $6 billion to $7 billion, respectively.

    Certain games cost up to $50,000 – $2 million, based on the level of detailing for the UX and great touchscreen experience for the players.

    ‌‌Mobile game developers mainly focus on some key features like direct or indirect revenue assortment, based on the game type.

    Now Lets look at The lucrative Business Model of Mobile Gaming Industry

    Mobile Gaming Popular Monetization Models: How to make money?
    Mobile Gaming App Monetization: Variety of Revenue models
    Democratization of Gaming
    Assorted strategies for the monetization of the mobile game app
    FAQ

    ‌‌The mobile gaming industry has risen and gained popularity through the increasing demands of mobile devices. It has grown significantly and mobile games are counted among the most prominent apps.

    Besides, the mobile gaming industry plays a major role in the app revenue for Google Play Store as well as Apple iOS App Store. With each passing year, the mobile gaming industry is growing with its rapid speed.

    ‌‌As the global gaming market is aimed to reach up to $115 billion by the year, 2018 among which $50 billion of revenue came from the mobile gaming industry.

    ‌‌The question arises, How do they make money? Well, the answer to this question is, through game monetization. These industries tend to develop products that would bring considerable profit to the developers and owner of the copyright. Besides, several business models could bring a good amount of profit to the industry.


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    Mobile Gaming App Monetization: Variety of Revenue models

    ‌‌The mobile gaming industry has a rich history around and it has grown remarkably. Tetris (prehistoric version) was the very first known mobile game. It was played on a Hagenuk MT-2000 mobile phone in 1994.

    However, mobile gaming increased with the launch of Apple’s app store by the year 2007. Several games were introduced which showed major progress for this industry. Games like Angry birds, 2009 and candy crush, 2012 were among the most popular games.

    ‌‌Nowadays, technology has increased so prominently that mobile gaming has been developed more realistic and with great abilities. Also, several other facilities such as live streaming, cross-device synchronisation got acquainted promptly. Several other factors that played in the development and growth of the gaming industry is the growth of social media among the people.

    According to a 2018 report, games like candy crush saga and Fortnite earned more than a million dollars of revenue through iPhone alone.

    Candy Crush Revenue
    Candy Crush Revenue

    ‌‌Therefore, mobile gaming was fell into two separate sub-categories,

    1. Free Mobile Games
    2. Paid Mobile Games

    These monetization models got more developed and complex. The growth of the mobile gaming industry was significant and influenced several creators and developers to fold more profit through gaming.


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    Democratization of Gaming

    ‌‌For Apple or Android users, there are approximately 800,000+ games to access. This could be calculated as the total mobile apps, 30-40% are games.

    There is literally democratization of gameplay among the consumers and distribution among the creators. With the development of mobile devices, games are also being developed for a better experience of gameplay. Also, developers have provided several compelling apps together with the features of devices to gain a better service of the game.

    ‌‌According to the facts, Mobile gaming participates in up to 75-90% of the revenue for iOS App Store and Google Play Store. While calculating gamers around the globe, there are billions of them. The Apple App Store and Google Play Store runs technically by the diversification of games.

    Assorted strategies for the monetization of the mobile game app

    ‌‌There are several methods to monetize your mobile game app, that includes:

    Freemium

    • Free to download and play,
    • Offers microtransactions, in-game purchasing and,
    • Examples- Candy Crush Soda Saga, Clash Royale and Fortnight Battle Royal

    Microtransactions

    Microtransactions
    Microtransactions
    • Permit for additional virtual goods purchasing
    • Various in-game purchasing like increasing players power, cosmetics or speed up within the game and,
    • Examples- roleplaying game as player purchasing game.

    Microtransaction is mainly for those devoted players who always search for more developed goods. In-game purchasing is usable otherwise. Microtransaction is a crucial step for mobile game apps and it needs to develop sincerely and promptly. Designing Microtransaction is very necessary to balance the competition among the players and make them feel needy for the purchasing to function in the game.

    FAQ

    How do microtransactions work?

    A microtransaction is a business model where users can purchase virtual items for small amounts of money. Microtransactions often appear in free-to-play games.

    How big is the mobile gaming industry?

    In 2020, the mobile gaming content market in North America was worth an estimated 25.2 billion U.S. dollars.

    What percentage of gamers are mobile gamers?

    62% of people are mobile gamers and 78% of gamers are Android users.

    Conclusion

    With the rapid growth of the mobile gaming industry, it’s no doubt that it would lead the gaming industry soon. During the pandemic, more people have become reliant on mobile devices for gaming. It is growing with great outcomes and revenue. The statistics for the mobile gaming industry has also shown great results up to $50 billion. Therefore, it’s likely to say that the mobile gaming industry is rising to its peak with some advanced features in hand.

  • Growth Of Indian Gaming Industry During Pandemic

    The Indian online gaming Industry is growing at an exponential rate upon year and is expected to be worth $1.1 billion by 2021. The industry has experienced a drastic growth at the beginning of 2020 due to the pandemic. When other businesses shut down, the gaming industry got lots of new users. The number of games doubled after the lockdown and is expected to rise in 2021.

    Online gaming has gained a strong foothold within the India entertainment industry. With a projected user base of more than 628 million gamers, this gives a whole new boost to the Indian economy. This industry contains game developers, designers, investors, marketers and gamers of all ages working together to come up with the latest cutting games, concepts and offers for players. Gaming has become one of India most exciting industries with more investment from both companies and consumers every year.

    The online gaming industry is still quite an unexplored area in India but the companies that have taken the leap are flourishing and are now expected to grow by 41% in 2021. All this interest and potential makes India one of the top gaming markets amongst emerging global economies. Statistics show that the Indian gaming markets is the fastest growing one in the world.


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    A Brief About The Indian Gaming Industry
    Gaming Industry During The Covid Pandemic
    The Reasons For The Growth Of Online Gaming Industry
    FAQ’s
    Conclusion

    A Brief About The Indian Gaming Industry

    According to a report ‘Gaming- India Story’, the online gaming Industry is said to be growing at the rate of CAGR of 22%. The report also claimed that the Indian Gaming Industry is expected to grow 41% annually due to the growth of digital infrastructure rise in quality and engaging gaming content. The gaming Industry in India is said to be valued at $3,750, by 2021. So far, the industry has attracted $350 million in investments from venture capitalists from 2014 to 2020.

    Value of gaming companies from the financial year of 2007 to 2020 with estimates until 2022

    Pankaj Karna, the managing director of Maple Capital Advisors said that, “With growing internet penetration, compelling economics, usage statistics and increasing ecosystem of entrepreneurs and developers focusing on this space we expect good growth in investments which are likely to at least double in this space in the next 1 – 2 years.” India has become the second largest market worldwide for app worldwide for app downloads.

    The three key segments of online gaming are Real Money Games (RMG), Mobile centric or casual games and Esports. There has been a huge increase in the number of smartphone users which is why many gaming developers are looking on to capitalize on. At present, there are over 400 gaming startups and more than 500 million smartphone users in India, making mobile gaming lead by 85% share of the total online gaming sector in India.


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    The global gaming market was valued at $ 151.55 billion in 2019 . This industryis expected to reach a value of $ 256.97 billion by 2025. It is expected toregister a CAGR of 9.17% over the period (2020 – 2025). Gamer’s experience iswhat all the emerging comapnies are focusing at. Every company i…


    Gaming Industry During The Covid Pandemic

    Due to Covid 19 and substantial lockdown, visits to online gaming websites or apps rose by 24%. Moreover, engagement as measured by the amount of time spent on gaming sites or apps, also increased by 21% during the same time period. Platform such as Games2Win, WinZo Games, Hitwicket, Gamerji and Rummy recorded a tremendous increase in daily user’s base as well as the time spent playing those games. While Indian gaming companies like Dream11 and MPL are known worldwide.

    Top Gaming Companies in India

    In 2020 however, Esports have shown strong user growth and profitability, and so has the real money games, which besides lockdown also increased after the ban of popular multiplayer games like PUBG. Winzo games reported three times more user engagement and 30% higher traffic in online mobile gaming. Similarly Paytm First games also reported 200% increase, with 75,000 new users only during the pandemic.

    Three in every five serious gamers are now playing for around four hours more than before the lockdown. Mobile gaming in particular as seen a steady rise during the lockdown as there were many people at their homes. During this time, around 15% of the Indian gamers shifted from playing freemium games to paid games. Through a survey, most gamers also agreed that mobile gaming helped them overcome isolation.


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    The Reasons For The Growth Of Online Gaming Industry

    Accessibility to smartphones

    The smartphones market plays a crucial role in the gaming industry. The increased competition requires offering more reasonable prices. As a result, anyone can afford a smartphone with great features. Along with the availability of faster internet connection, this leads to the perfect conditions for online gaming growth. The market will grow even more when people get access to a mobile device.

    gadgets used for playing video games in India
    Gadgets used for playing video games in India

    Investments by Chinese Tech firms

    Chinese tech companies invested in the Indian gaming markets. According to estimates they managed to invest over $8 billion in the Tech sector. Companies such as Alibaba and Tescent gained stakes in some in some of the top Indian gaming companies. The government has recently put restrictions on Chinese investments during the Covid 19 Pandemic.

    This however, did not stop the investors from investing in Indian gaming companies. Paytm First Games and Daraz has launched a successful gaming platform in Bangladesh. Tencent experienced a fall due to the lack of sporting events in the lockdown. But, they chose to invest in Dream 11, as they saw potential in the platform.

    More people equals to more players

    India has the second highest population in the world, with over 1.3 billion inhabitants as of the beginning of 2020. This means that there is a massive untapped base for the gaming industry in India, which has already benefitted the Indian economy to a great extent. The main reason for some games to get popular are when some people talk to each other and invite their family members to group games, influence their peer groups and spread the word about their games. This leaves a lot of scope for the gaming industry to make a foray into.


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    Skill gaming options

    Youngsters in India love to play skill games. When it comes to the online availability of different games has taken this sector to a whole new level. There are numerous sites available so that Indians can choose their favorite games. The market needs to expand market the options and offers many more choices for different tastes. The game providers need to introduce more free games for passionate players.

    Growing culture

    The increase of number of players, results in a convenient gaming culture. The revenue generated will help the gaming industry grow and will help the local gaming communities and the ecosystems that include developers as well as consumers. In the last decade, the number of Indian game development companies has increased from 25 to 250, with new gaming startups appearing every month. It’s more appealing for the public to spend their money on businesses and companies that will develop products that are tailored to their own local tastes.

    FAQ’s

    Is the gaming industry growing?

    Game console revenue, which includes the hardware and all game software and services, is expected to rise 20% worldwide compared with 2019, to $52.5 billion, according to Ward. Looking at digital PC and Mac sales, global revenue is expected to rise 11% from a year ago, to $39.5 billion.

    Is the gaming industry dying?

    The gaming industry is very far from dying, but there is a massive problem with the economics of the gaming industry at both the high and low end, and both of these problems mean that taking risks is dangerous. So the video game industry is playing it safe and probably too safe at the moment.

    Why gaming industry is the best?

    The gaming industry is considered to be one of the most exciting industries in tech because of its importance to culture, entertainment, and technological advancement.

    Which country has the biggest gaming industry?

    As of 2020, it is estimated that China ranks first among the biggest gaming markets worldwide, with a revenue of 40.85 billion U.S. dollars. The video gaming market in the United States ranked second, generating an approximate 36.92 billion U.S. dollars in annual revenues.

    How big is the gaming industry?

    Video games are a billion-dollar business and have been for many years. In 2020, the revenue from the worldwide PC gaming market was estimated at almost 37 billion U.S. dollars, while the mobile gaming market generated an estimated income of over 77 billion U.S. dollars.

    Conclusion

    Due to the widespread coronavirus pandemic, the gaming industry is thriving and growing like anything. This is because of the precautions that are taken for coronavirus. Social distancing has made people limit interaction with each other. This has led to a downfall in consumer and business activities. Online Gaming has become the platform that has provided an engaging distraction for people seeking social interaction.

    Looking at the situation where it may take a while for the pandemic to settle and cool down, the expectation of the video games industry is to continue its upward growth trend. The gaming community is looking at a post-pandemic gaming world with a steady flow of new titles, campaigns on social media, quizzes and competitions. There is no stopping to the Gaming Industry that has made people interact in crisis situations.