How technological advancement can be a game-changer for the online gaming industry

The Indian online gaming industry has seen a prominent rise in the number of users, revenue, investments, and so on. The increased use of smartphones, quick access to data, pocket-friendly technology, and the proliferation of digital payment applications have benefited the growth of this industry. As per the EY-FICCI Report 2021, the online gaming segment grew 18 percent in 2020 to reach Rs 77 billion, as the number of online gamers increased by 20 percent – from 300 million in 2019 to 360 million in 2020, transaction-based game revenues increased by 21 percent. They estimate that the online gaming industry will continue to grow and reach 500 million gamers by 2025 to become the third-largest segment of the Indian M&E sector. The persistent COVID-19 pandemic was, in reality, a test of the sector's robustness and determination to grow despite the constraints. India is predominantly a smartphone-first market, with audiences preferring mobile gaming and esports over other devices.