Growth in Online Gaming is expected to 47% in India by 2022

According to a report by investment bank Maple Capital Advisors, the Indian online gaming market is growing at a compound annual growth rate (CAGR) of 22% with an annual growth of 41%.

Three reasons have been cited as the main reason behind this rapid expansion, which is the increase in digital infrastructure, the quality and diversity of attractive gaming content, the use of smartphones.

Other major findings are include :-

1. India is the second largest market worldwide for app downloads.

2. Mobile gaming accounts for 85% of online gaming in India.

3. As of 2024, the gaming industry in India is valued at US $ 3.75 billion.

4. As of December 2019, India had over 400 gaming start-ups and over half a billion smartphone users.

Platforms such as Games2Win, WinZo Games, Hitwicket, Gamerji and Rummy have recorded tremendous growth in the daily user base as well as time spent. But due to lack of live sports, fantasy sports apps faced revenue and busyness.

As we all know that these days all of us are facing lockdown due to coronovirus and due to this there is a 24% increase in online gaming websites and apps between the week of February 10-16, 2020 and March and engagement (play Time) has been observed at 21%. 16–22, 2020