India’s online gaming industry has seen a significant increase in the number of users, revenue, investments, etc. The increased use of smartphones, fast access to data, user-friendly technology and the proliferation of digital payment applications have benefited the growth of this industry.
According to the EY-FICCI 2021 report, the online gaming segment grew by 18% in 2020 to reach Rs 77 billion, while the number of online gamers increased by 20% – from 300 million in 2019 to 360 million in 2020 transaction-based gaming revenue grew 21 percent. They estimate that the online gambling industry will continue to grow and reach 500 million players by 2025 to become the third largest segment of India’s M&E industry.
COVID-19 and the online gaming industry
The persistence of the COVID-19 pandemic has been, in reality, a test of the robustness and determination of the sector to grow despite the constraints.
India is primarily a smartphone-driven market with the public preferring mobile games and e-sports to other devices. Over time, India’s online gaming industry has matured and gamers are diversifying beyond portable devices.
Advancement of technology
Improved technology has further influenced online gaming, to the point where some players have blurred the lines between fact and fiction. This industry is largely fueled by mobile gaming technology and, in recent years, the advancement of innovations such as machine learning (ML), artificial intelligence (AI), virtual reality (VR) and reality. increased (AR), among other things, intensified.
Online games are much more rewarding as they allow gamers to experience HD graphics with 4K capabilities as well as OLEDs. It creates a lively atmosphere and provides the player with an immersive experience thanks to its improved graphics speeds.
Cloud gaming development
The costs of the games can be prohibitive for many customers. The cloud computing initiative aims to remove this obstacle, giving anyone with a secure internet network access to games.
However, gamers have demonstrated that there is a demand for interactive games as well as the potential to participate and update the games. Interacting with other players is a great social mobilization technique. Both factors (one technical and one social) would tend to propel the market and inspire novice gamers of all age groups to integrate more into the industry and view electronic games as a community.
As the number of players continues to grow, it is clear that the technological possibilities of online gambling are endless. Some are already starting to take shape:
The online gambling industry is leading the way in the positive consolidation of facial recognition in its games. In terms of personalization, facial recognition helps you take a picture of yourself and use it to represent yourself in online games and enable character creation based on player input.
There is no doubt that artificial intelligence in online games is booming, but it has some constraints. Game developers often use artificial intelligence (AI) to rectify real-world challenges and improve the potential functionality of their applications.
The online gambling industry was one of the first in the world to accept the use of cryptocurrency.
Cryptocurrencies, the most common of which is Bitcoin, can be used to buy and play games online. There are already online gaming portals which are inimitably based on the cryptocurrency system and recognize cryptocurrency deposits and payments.
We have the looming spectacle of 5G internet access, as the government plans new spectrum auctions in a few months. Cloud gaming is said to rely heavily on the current new 5G and 4G data connections.
Finally, the number of users in India is expected to cross nearly 80 crore by 2021, which is a great number to help the growth of online games in India. In these dark days, these are energizing numbers, giving us indulgence and entertainment.
The number of real money players playing online skill games like rummy, poker and fantasy sports has grown on online gaming portals. Since online gaming sites adopted SSL encryption and blockchain technologies, online shopping and payments have become remarkably easy.
This helps prevent bribes, protect player money, and gain player trust by maintaining the security and privacy of the information they exchange while eliminating illegal practices such as money laundering. silver.
(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)