The Real Money Gaming Industry In India 2022

The PGA Labs report states that the real money gaming (RMG) sector, which currently accounts for 68% of the gaming industry, is expected to reach a CAGR of 38% and become a market with a turnover of 1.6% by 2022. billion dollars. Predicting the growth rate of real money gaming, the leader said that "mobile gaming is one of the biggest factors influencing the Online Ludo Game industry." According to the growth forecast, the real money online gaming industry could grow 3.5 times in about five years.

In terms of revenue, the Indian online gaming industry is expected to grow at a CAGR of 21% to 290 billion rupees ($3.84 billion) over the next five years. The number is expected to increase from 360 million in 2020 to 510 million in 2022 as more Indians turn to online Ludo Game, according to a report by KPMG. The number is expected to reach 510 million by the end of 2022. A recent industry report stated that 17% of total global mobile game downloads in 2020 came from India.

India is one of the top five mobile gaming markets in the world, accounting for 13% of global gaming sessions and is expected to add 40 million online gamers in 2020-22. Mobile game downloads in India increased from 1.8 billion in January-March 2020 to 2.9 billion in July-September 2020, Global Audit said in a report , Tax and Consulting Services KPMG global audit, tax and consulting services from KPMG. To date, mobile games in India account for 90% of the market, with more than 3 billion downloads and a huge increase in smartphone penetration. Emerged has also accelerated the growth of the industry's multi-game format, which is expected to reach $3 billion by 2025, and is now expected to grow faster than the global online gaming segment.

According to a recent report from KPMG, the online gaming industry is worth Rs 13,600 crore as of FY20-21 and is expected to double over the next four years to reach a total market size of Rs 29,000 crore. by fiscal year 2025 with a compound annual growth rate of approximately 21%. According to an EY report by the All India Gaming Federation, the online gaming sector in India is considered one of the fastest growing sectors, estimated to exceed $2 billion by 2023. We expect the Ludo Khelo segment to be one of the largest in the world. M&E; sector, here are the trends whereby the sector will get a larger share of the time and money spent by users. This will strengthen the gaming ecosystem in India and open up many career opportunities for gamers and IT professionals. This sector along with the M&E; segment has now become one of the fastest growing sectors in India with around 7.3 billion downloads in recent years.

With the penetration of smartphones and the Internet, investments in ecosystems, the introduction of digital payments and new technologies, the Indian Ludo Online Game industry is poised to become one of the fastest growing gaming markets in the world. While the Indian online gaming market is in its infancy and facing many challenges, there is no doubt that with more encouraging measures from the Center and greater uniformity of laws across states, this service will become a new industry in the world. India. Another report by Sequoia India and BCG states that while the industry is currently smaller than the US and China and accounts for 1% of the global gaming market, it has $1.5 billion in revenue and is expected to triples and exceeds $10. 5 billion by 2025 thanks to the mobile first phenomenon. This massive growth has also resulted in a new generation of influencers being followed by hundreds of thousands of active viewers. Last June, consulting firm KPMG described India as one of the fastest growing gaming markets in the world, citing India's 420 million casual online gamers - second only to China - as proof of the potential for further expansion.

Unsurprisingly, the pandemic has spurred industry expansion, with online gaming revenue in India expected to double to $3 billion by 2023. With the exponential growth of the industry, the gaming industry will also attract international investors to invest in the Indian market. Online gaming will become increasingly popular and will be recognized as a source of entertainment in 2022. Real-money games (RMG) such as poker (poker and rummy) and fantasy sports attracted $700 million worth of deals in the first nine months of the year. year. 2021. As investors continue to actively support the industry, local companies are likely to expand their operations and please the global market in the coming years.

With gaming charts showing an upward trend, industry stakeholders have turned their attention to the next level: real money gaming (RMG), which refers to the real money spent in Ludo Money game, everyday fantasy sports, regulated sports betting and lotteries Money earned.. This conclusion is backed up by the Statista report which states that the fantasy online gaming industry in India is worth around INR 200 crore in 2021 and is expected to grow rapidly to reach a staggering estimate of over 50 billion by the end of this year value. Indian Rupee. 2025. Octro Inc is one of the largest and fastest growing mobile gaming companies in India. Games like Teen Patti, Indian Rummy and Tambola are among the top 10 apps on Apple iOS, Google Play and Windows Phone. According to a recent KPMG report, the total number of online gaming app users in India is around 433 million, which is almost 50% of the total population aged 15-64.