The Indian online gaming industry is growing at a rate of 38% per year.This rate will further increase after the launch of 5G telecom services. In comparison, the growth rate of the online gaming industry is 10 percent in the US and 8 percent in China, according to a report issued by Boston Consulting Group and venture capital firm Sequoia.
According to KPMG, there are more than 400 gaming companies in the country. Also, there are 42 million online gamers. Only China has more than this number. India is among the top 5 gaming markets in the world. By the end of FY 2023-24, the revenue of the Indian gaming industry will exceed Rs 29,400 crore.
Projects are run by companies like Google-Microsoft
Companies like Google and Microsoft are already working on cloud gaming projects. Google has tested Stadia cloud gaming on 4G and 5G networks in 2020. Microsoft has partnered with the Korean company SK Telecom.
An independent regulator is needed for the gaming industry : A government committee has prepared its report on the online gaming industry in India, suggesting a separate regulator for it. This regulator will put each game into a different category. Also, this regulator will take strict steps against online gambling by making several rules.
Airtel’s special focus is on gaming.
Adarsh Nair, CEO, Bharti Airtel Digital, said, “The gaming sector will be the focus of our business strategy. Because 5G technology will provide minimum latency and high speed, this technology will be mostly used for gaming.
A new era of cloud gaming will begin with 5G telecom services that will be launched in the country by the end of this year. Earlier, French cloud gaming firm Blacknut had started negotiations with Reliance Jio and Airtel. These companies are preparing to launch cloud gaming services along with 5G networks in India.