The evolving landscape of sports gaming in India delves into the key categories of sports gaming including fantasy sports and e-sports. The report further focuses on the landscape of the fantasy sports market in India, and the KPMG consumer survey looks to understand the consumption habits of the fantasy sports users in India. India is on the cusp of becoming one of the biggest online gaming markets in the world. According to a new report by KPMG, the industry could be worth $1.1 billion by 2021. The study is based on all facets of the gaming industry, from mobile social games to poker, and considers recent growth, current dynamics, and future innovations. As per the report, India had 120 million online gamers in 2016. The advent of India’s online gaming industry can be dated back to 2000s, when console and PC gaming brought several middle-income group Indians on digital gaming platforms. During mid 2000s, online gaming was largely in the form of social games. This adoption was facilitated primarily through global games by international developers. The online gaming market in India has seen tremendous growth of late, driven, in part, by the surge in digital usage. The revenues have nearly doubled over a period of four years, reaching INR43.8 billion in FY18 and are expected to grow further at a CAGR of 22.1 per cent from FY18-23, expected to reach INR118.8 billion. 01 The increase KPMG report: Online gaming revenue expected to be Rs 11,900cr by 2023. The report by Indian Federation of Sports Gaming and KPMG India Private Limited highlights the findings of a survey on India’s online gaming industry is likely witness a growth rate of 22 per cent from 2018 to 2023 and expected to generate Rs 11,900 crore by 2023, a research report by KPMG and Indian Federation of Sports Gaming said. The report says it expects the user base for to cross 100 million by 2020 on fantasy sports platforms. In 2017, KPMG in a report said the online gaming industry in India will add 190 million gamers and very likely touch $1 billion in revenue by 2021. The fact that the industry is growing at a rate... From taboo to mainstream recognition, the Indian online gaming industry is growing at an exponential rate year upon year, and is expected to be worth $1.1 billion by 2021, according to Google-KMPG.... The online gaming industry in India is expected to generate a revenue of INR 11,900 Cr by financial year 2023, growing at 22% CAGR, according to a report by consulting major KPMG and industry’s... The Indian online gaming market is poised to grow to $1 billion by 2021, according to a Google-KPMG report. A young population, access to the internet and entertainment-seeking behaviour of the millennials are the key factors driving online gaming in a country.
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