In the years to come, Internet gaming services are projected to maintain annual growth of 30 per cent. According to a KPMG survey, the Internet gaming industry’s gross profits will jump from USD 290 million to one billion by 2021.
The rise in use of smartphones and digital payments
In the online gaming industry, the key reason for the boom is the availability, usability, and affordability of technology. The IT sector’s evolution has fueled the skill-gaming industry. The overall indo877 number of Internet gamers in India increased tenfold in the last eight years. It stood at 250 million gamers in 2018, according to a study published by KPMG and the Indian Federation of Sports Gaming (IFSG).
Thanks to the increasing affordability of smartphones and JIO for high-speed internet, playing online games is now easier for Indian gamers. If you know how to play rummy, for instance, you can get entertainment and win cash by playing the game online on your smartphone, anytime and anywhere.
The pandemic served as a trigger for the rise of digital payments after demonetisation. Gaming firms have seen a golden opportunity to push cash traffic into their sites as individuals have become more comfortable paying on the Internet. An adaptation of Internet card games wasn’t a huge deal in India, where almost everyone grew up playing card games like rummy. Online gaming introduced another level to collecting actual cash prizes, while offline games were only for fun. Now gamers can spend their time profitably and productively.