Thursday, June 30, 2022
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Tech

Over 100 million Indians took to e-gaming in ’20

Jaleel M. by Jaleel M.
June 17, 2021
in Tech
0
Over 100 million Indians took to e-gaming in ’20
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter


NEW DELHI :
The pandemic has come as a massive boon for India’s gaming sector—the industry added more than 100 million Indian users over the past year, according to a new report by KPMG.

The number of online gamers grew from close to 300 million in 2019 to 433 million in FY20-21. Revenue too more than doubled from ₹6,200 crore in FY19-20 to ₹13,600 crore in FY20-21.

And while the limelight has been grabbed by real-money games like poker and rummy, and online fantasy sports companies like Dream11, the growth it seems has been led by casual games. The KPMG report said that revenue from casual games, which are targeted at mass audiences, amounted to ₹6,020 crore in the past financial year, while real-money and fantasy sports games recorded ₹4,980 crore and ₹2,430 crore revenue, respectively.

“India had the highest game downloads in the casual mobile gaming segment in the world (excluding China) in 2020 with Q1-Q32020 downloads standing at 7.3 billion accounting for 17% of the global mobile game downloads (approximately 43 billion, excluding China) during the same period,” the report said.

The growth in Indian gaming has been well documented over the past year. In January, mobile gaming company Octro said its TeenPatti game saw an astonishing 800% growth last year and was being played by over 150 million players at the time. South Korea’s Krafton Inc. said its upcoming game Battlegrounds Mobile India received over 20 million registrations this month. Battlegrounds Mobile India is the replacement for popular battle royale game PUBG Mobile, which was banned in India last year. Registrations began on 6 May.

Growth is being driven by increasing smartphone and internet penetration, but the report noted that an increase in supply of world class gaming titles, localized content and new features have also helped. It said that the covid-driven lockdown last year was the “tipping point” for gaming in India.

However, while the overall online gaming segment did grow, most gamers in India still use mobile phones to play games. Mobile phones accounted for 94% of the user base in the country, with PC and console accounting for 9% and 4%, respectively.

“This is important because historically most of the gaming used to happen on laptops and PCs globally, whereas India has bypassed this generation,” said Girish Menon, partner and head, media and entertainment, KPMG.

The report pegged the value of India’s online gaming segment at ₹13,600 crore, and said that it will grow at a compounded annual growth rate of 21% to ₹29,000 crore, in the next five years.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint.
Download
our App Now!!



Source link

Related posts

This WhatsApp feature allows users to hide unwanted group chats without leaving them. Here’s how

This WhatsApp feature allows users to hide unwanted group chats without leaving them. Here’s how

July 29, 2021
WhatsApp in line for fine as data watchdogs resolve dispute

WhatsApp in line for fine as data watchdogs resolve dispute

July 28, 2021
Previous Post

What are India’s intermediary protection rules?

Next Post

Google’s cloud taps AMD for new service as chip wars heat up

Next Post
Google’s cloud taps AMD for new service as chip wars heat up

Google's cloud taps AMD for new service as chip wars heat up

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Police Arrest 12-Year-Old For Racially Abusing Crystal Palace’s Wilfried Zaha

Police Arrest 12-Year-Old For Racially Abusing Crystal Palace’s Wilfried Zaha

2 years ago
Mike Ross Releases a Special, Limited Edition Package to Celebrate His Eagerly-Anticipated Album ‘The Clovis Limit Pt.2’

Mike Ross Releases a Special, Limited Edition Package to Celebrate His Eagerly-Anticipated Album ‘The Clovis Limit Pt.2’

2 years ago
La Liga: Lionel Messi Tees Up Victory As Barcelona Cling On To Fading Title Hopes

La Liga: Lionel Messi Tees Up Victory As Barcelona Cling On To Fading Title Hopes

2 years ago
China rebukes LinkedIn for failing to control political content: Report

China rebukes LinkedIn for failing to control political content: Report

1 year ago

FOLLOW US

  • 114 Followers
  • 29.5k Followers
  • 172k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    0 shares
    Share 0 Tweet 0
  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • Salted vs. Unsalted Pistachios

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy