The pandemic period has seen big progress within the gaming section within the nation and the gaming market is estimated to achieve USD 3.9 billion by 2025, a report stated on Tuesday.
The joint report titled ”Building up the e-gaming ecosystem of India and the affect of smartphones” by business physique IAMAI OnePlus and RedSeer, additionally famous that the sector is attracting big funding curiosity, with almost USD 1 billion being invested within the final six months.
“India is currently home to over 430 million mobile gamers and the number of gamers is estimated to grow to 650 million by 2025. Currently, mobile gaming dominates the Indian gaming sector, contributing more than 90 per cent to the USD 1.6 billion gaming market and is expected to further grow to generate USD 3.9 billion value by 2025,” it stated.
The report highlighted that 40 per cent of the hardcore avid gamers pay for his or her video games with a median spend of Rs 230 per 30 days.
The COVID-19 pandemic has accelerated the natural progress of digital video games as cell app downloads grew by 50 per cent and consumer engagement went up by 20 per cent, it added.
Navnit Nakra, Vice President, Chief Strategy Officer and Head of India Sales at OnePlus India, stated over the previous few years, the e-gaming business in India has grown tremendously, pushed by the rising avenues for digitisation promoted by the flagship initiative of the federal government, ”Digital India” and improved accessibility centered round innovation and affordability by OEMs.
“At OnePlus, our community has always been at the heart of everything we do and therefore, we have been leading the charge in introducing the most advanced features and have built partnerships with industry leaders to provide a seamless gaming experience on OnePlus smartphones,” he added.
Rajen Vagadia, Vice President and President at Qualcomm India underlined that sure efforts are being undertaken to nurture esports and be sure that it’s seen as a subject that may be taken up professionally as effectively.