India's online gaming industry is expected to see a massive growth in the coming years, according to a recent report by Google India and KPMG. The gaming industry in the sub-continent will be worth around $1billion at an estimated growth rate of 20 percent by 2021, as per the report titled 'Online Gaming in India: 2021'.
An estimated 117 percent spike has been reported for online game searches by Indians as the online gamer base of 120 million users in 2016 is expected to reach 310 million by 2021.
With mobile games like Candy Crush and Angry Birds becoming extremely popular in India, KPMG has highlighted the challenges and growth opportunities for gaming app developers based on its detailed report. It has explained the demographics and user gaming preference, as well as various usage scenarios and spending patterns.
KPMG's official website for online gaming talks about the latest trends in the industry, including industry consolidation, business-to-business expansion, advent of land-based casino operators and emerging platforms.
According to the report on the site, the online gaming industry is now seeing enormous growth across the globe in the wake of unyielding consumer demand and newly emerging business models focused at online gaming market such as sports betting, online poker, casino games, online bingo and online lottery. The market for such global interactive gaming has grown about 42 percent in the last few years.
