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According to the report by KPMG, online gaming is ...
According to the report by KPMG, online gaming is expected to rise to 510 million by the end of 2022,up from 360 million in 2020. In terms of revenue, the market is expected to grow at a compound annual growth rate
of 21% over the next five years, reaching Rs 290 billion ($3.84 billion) marking a leap from about 65 billion rupees in the previous year. The sector was expected to be worth over 150 billion Indian rupees by 2024, indicating a compound annual growth of around 15 percent. The video game industry is thriving. New technology and the introduction of a new generation of consoles have led to a boom in the sector. By 2024, Newzoo's Global Games Market Report 2021 predicts that the games industry will hit $218.7 billion with a sustained growth of 8.7% per year.
The online gaming industry across India was valued at around 79 billion Indian rupees in the year 2021,
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