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India’s online gaming market will be worth Rs 11,900 crore by 2023

Online gaming has become a huge part of youth and adult culture. But why is it so engaging? Learn more about online gaming, and common forms such as MMORPGs, LAN parties, and serious games. Due to the rapid growth of digital infrastructure, the online gaming market will grow rapidly in the country. According to a report by KPMG, in the Indian market by the year 2023, there is estimated revenue of about Rs 11,900 crore from this region. The size of the online gaming industry was only about Rs 2,000 crore in FY14, which increased nearly two times to Rs 4,400 crore by FY2018.  With an annual growth rate of 22% from the financial year 2018 to fiscal year 2023, it is estimated to reach Rs 11,900 crore. According to the report, in 2010, the number of game-makers and developers who developed the game was 2 million and 2.5 million, which has risen to 25 million in 2018.  Increased market by cheap internet market in the online gaming market in the ...