How is the gaming industry in India?

“The gaming industry in India has seen a growth of almost 40\% in 2019-20, more than that of OTT, television and social media platforms. The industry is witnessing a significant investor interest in Indian gaming. In fact, a third of all the funding for gaming in India came in the first quarter of 2021.

What is the future of gaming industry in India?

This number is expected to reach 510 million by FY 2022. So, it is quite evident that online gaming has great potential in India. Moreover, the online gaming industry in India is expected to reach $2.8 billion by 2022 (as per a Deloitte India report).

Is India banning online gaming?

In 2021, Tamil Nadu, Karnataka and Kerala outlawed online gaming itself.

What is the future in gaming?

While the gaming industry’s future is expected to skyrocket in the coming year, according to a report by Research and Markets, the global gaming market was worth $ 167.9 billion in 2020, and was expected to reach $ 287.1 billion by 2026, growing at CAGR of 9.24 percent between 2021-2026.

Is there any future in gaming?

The 2021 global games market will generate revenues of $175.8 billion and is projected to exceed $200 billion by the end of 2023, according to a report by Newzoo (via VentureBeat). More than half of these revenues will come from mobile gaming, the largest segment of the market.

How many gamers are there in India 2021?

In 2021, the number of paid gamers in India is pegged at 95 million, which will grow by 25 per cent to 235 million in 2025, as per the survey. A majority of the growth in the paid gamers user base in the country will be driven by casual, mid-core and e-sports segments in the form of in-app purchases, tipping etc.

Is Getmega App legal in India?

You are not permitted to use the App in certain states in India. Further, the usage of specific Games may be restricted in other states.

Is Dream11 banned in Karnataka?

Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. The Karnataka High Court on Tuesday extended the partial relief it had granted to Harsh Jain and Bhavit Sheth, the cofounders of Mumbai-based fantasy gaming platform Dream11, last month.