How Big is the Online Gaming Industry?

The digital gaming industry is growing in India and Asia. The global market generated $109.8 billion in 2018. Major players in the industry include ActivisionBlizzard, Ubisoft, and Tencent. About 22% of gamers spend between 61 and 80% of their time playing multiplayer online games. And this number is rising. With so many people playing online games, it’s no wonder that the industry is growing at such a fast pace.

Growth of online gaming industry after COVID-19 pandemic

Despite the devastating effects of COVID-19, the online gaming industry is flourishing in the aftermath. Companies like Microsoft and Nintendo are reporting record sales. The former revealed that their Game Pass subscription service has surpassed 10 million subscribers, and the latter revealed that its multiplayer engagement has grown by 130 percent. Nintendo also announced that “Animal Crossing: New Horizons” has sold 13.5 million units since its release.

Gamerji, which is known for its free games, reported a spike in daily active users, increasing from tens of thousands of users per day to over forty thousand users. Similarly, Paytm First Games saw its user base jump by 200%, with 75,000 new users added every day. In terms of popularity, casual games were the most popular, with downloads of mobile games doubling in one week.

The gaming industry will continue to grow rapidly. The global gaming industry is predicted to reach $321 billion by 2026. While the crisis impacted some core gamers, it will help the industry gain new fans and boost sales.

Growth of online gaming industry in Asia

Southeast Asia has a huge gaming market, with 3.99 million gamers, mainly aged between 18 and 30. Publishers in the region are collaborating with foreign developers to increase market penetration and create communities to sell products. In 2020, Vietnam will launch its national digital transformation program, aiming to ensure that 80% of households have fiber-optic internet connections. Southeast Asia is one of the largest markets for gaming publishers, with Indonesia accounting for more than half of its total market.

The region’s gaming market is expected to grow fast, with mobile gaming gaining popularity across the region. While traditional PC gaming dominates the market, mobile gaming is also gaining ground, with a forecasted value of 197 billion U.S. dollars by 2022. Moreover, the region is home to nearly half of the world’s video gamers, which makes it a vital hub for innovation and new trends.

With the advent of 5G networks, broader access to mobile devices will widen the market for online gaming. Meanwhile, cloud gaming technology enables players to access multiplayer games from anywhere. However, connectivity remains a challenge, especially in rural areas. In developing countries, poor infrastructure and limited service speeds cause problems for players. In addition, many people are unable to afford internet service.

Growth of online gaming industry in India

The online gaming industry is growing rapidly in India, and in recent years, India has seen a number of investments in the sector. KRAFTON, a global investor, announced in January 2019 that it would invest $100 million in India over the next four years. The firm has invested in gaming companies including NODWIN, Pratilipi, Nautilus Mobile, Loco and LILA. The largest strategic gaming companies in the world are Tencent, Alibaba and Bytedance.

The gaming industry in India has been buoyed by several factors, including Digital India, which aims to increase internet usage and smartphone penetration in rural areas. In addition to this, the Union Ministry of Education is working on policies to encourage students to pursue careers in online games hwid spoofer. Another significant development is the establishment of data centre parks, which provide digital infrastructure for upcoming gaming companies.

The industry is also growing due to consumer demand. In the last decade, the number of gaming companies in India has increased by 10 times, and many foreign game studios have set up game development centers here. These companies have incubated the next generation of Indian game developers. Some of these companies include the ex-Zynga founders who set up Playsimple and MPL. As a result, over 15K game developers work in India today.

Growth of online gaming industry in U.S.

The online gaming industry is growing at a rapid pace. According to Morgan Stanley, over one in four video games are now sold digitally in the U.S., with the percentage rising year over year. By 2020, the total number of video games sold digitally will surpass those sold in physical stores, with over eighty percent of all video game sales being digital. In addition to digital sales, the video game subscription industry will also grow at a fast rate, with annual growth rates of over 13.5% this year, and 4.5% by 2022 and 9.4% in 2023.

The growth of this industry is centered on game development and implementation of new technologies and gameplay concepts. The growth of the industry is also driven by the large-scale publishing model that supports the marketing of video games.