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Gaming In 2023: A Promising Year For The Sunrise Sector
Businessworld India
|14 Jan 2023
Looking at the unprecedented growth of the gaming industry, the adoption of next-gen tech such as 5G, 360-degree video, augmented and virtual realities, and of course Web3 will play a monumental role in the growth of the gaming market in the year 2023 By Deep Majumdar
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Gaming in 2023 is going to be the industry to watch out for. India is home to over 400 million gamers at the moment spanning over geographies, genders and age-groups. This exponential growth of the market tells us that this upward trajectory will continue due to the vast majority of a younger user base and the higher purchase propensity of gaming consumers will provide the necessary boost to OEMs. Adding to this, the gaming industry is not limited to just gaming anymore. There has also been the creation of a new content ecosystem primarily driven by esports players, gaming content creators and live streamers. Job creation is another avenue that has caught a lot of attention. As per TeamLease Digital, the gaming industry is projected to add 100,000 direct as well as indirect new jobs by the financial year 2023.
Indian Esports
This story is from the 14 Jan 2023 edition of Businessworld India.
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