User Review( votes)
The year 2021 has been an exciting year for the Indian gaming market. This year, the online gaming sector has progressed and seen a paradigm shift it is because of a multitude of encouraging factors such as young and tech-savvy young population, feature-packed smartphones, affordable data connectivity, and overall technological development.
According to a KPMG report, India’s online gaming market collected revenues of Rs 136 billion in 2021. With people spending more time online due to the pandemic, the gaming industry received a massive push.
With this growth trajectory, the industry is expected to advance at a compound annual rate of 21 per cent to Rs 290 billion ($3.84 billion) in the next five years.
The growth was backed by the development of technology i.e. availability of high-speed data, digital payments, huge device penetration, and expansion in supply and quality of games.
With all these key driving factors, it is expected that Indian online gamers will rise to 510 million in 2022.
Data Science Backing the Growth of the Gaming industry
Data Science and Artificial Intelligence (AI) have changed the face of the gaming industry. While the competition is high in the gaming industry, the companies are racing to attract and engage their audiences through diversified models.
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