Mukesh Ambani, Ruchir Sharma Talk About Online Gaming Potential in India
Potential of gaming in India is the talk of the 𒁏town. The big guns in the business and research sectors are talking about g♊aming’s growth potential and driving factors in the country
Mukesh Ambani, Asia’s richest man, wh♛ile recently speaking with Microsoft Corp. CEO Satya Nadella, said, “Gaming will be bigger than music, movies and television shows put together… There is a huge potential” for 🤪.
Ambani sees a huge opportunity for gaming in India due to increasing broadband connectivity and a huge supply gap in the Indian gam﷽ing mar🍃ket. He didn’t comment if his new wireless upstart Reliance Jio Infocomm Ltd. will venture into gaming.
As per a KPMG 2019 , revenue from online gaming is expected tꦚo rise from 43.8 billion rupees ($610 million) in the year 2018 to 118.8 billion rupees by the year 2023.
Writer-Analyst Ruchir Sharma also recentl🥃y said that gaming is India’s new favourite pastime, about the top 10 trends of the decade to come. In the chat, using research data providedཧ by Sharma, Roy pointed out that, compared to music and films, gaming has a bigger global market size.
Sharma thinks that this growth in the gaming s▨ector is not just because of smartphone use or internet penetration, but also because there has been a substantial improvement in the quality of games beiꦺng served to users.
As per Sharma’s research data, more money is being spent on gaming than other, more common🥀, pastimes—Twitter has $8 revenue per user, Facebook is at $19, Google is at $27, while Fortnight, which is a game, is at $96. There is a rise in the game app development companies in the Indian market, and India 𒀰also has the highest game downloads in the world. However, Sharma thinks that for the mind space that gaming occupies among users, it is not being monetised as much as the market opportunity allows.
Commenting on the talks about gaming among the the likes of Ambani and Sharma, Nitish Mittersain, Founder and MD of casual and real-money gaming company Nazara Technologies Ltd., said, “It is really thrilling for us to see stalwarts like Mr Mukesh Ambani and Ruchir Sharma finally talk about gaming and the big opportunity in India today. As India’s largest esports and mobile gaming platform, we at Nazar🌱a are witnessing a strong growth momentum in all of our offerings and believe that it will surge even further. We look forward to continue working with the ecosystem to help make India the biggest gaming market in the world.”
Nazara recently announced its intention to invest about US$20 m♊illion in st♓a𒊎rtups in gaming and sports in the Indian sub-continent, Africa and Middle-East over the next one year.
