Gaming is not simply perceived as a pastime anymore, but it is increasingly being seen as a career choice and is becoming a part of greater cultural conversations about treating stress, skill development, and social connections.
People are embracing gaming in new ways. It is not simply constrained as a pastime anymore, as it is increasingly being viewed as a career choice as the gaming business is rising day by day and becoming a part of larger societal conversations surrounding treating stress, skill development, and social connections.
The gaming industry and the COVID-19 pandemic
Even in India, individuals have begun to take up gaming as a profession in increasing numbers. In addition to competing in esports tournaments, gamers also have the opportunity to earn money by live streaming, also known as “casting” games. This trend is rapidly gaining traction not only in India but also globally. People of all ages and demographics are taking gaming more seriously and mulling over the possibility of pursuing a career in the gaming industry.
The gamers are thrilled to see this optimistic outlook for the virtual gaming industry, and they believe that the gaming industry is currently in an impressive growth phase. Over 90% of respondents agreed that the gaming industry is a viable career choice, which is evidence that gaming has emerged as a viable career choice, as stated in the HP India Gaming Landscape Report 2021.
Even before the pandemic first appeared in 2019, the gaming sector had already begun seeing significant expansion. Over the course of the past few years, the gaming industry in India has experienced explosive expansion. The gaming PC market has seen a growth of more than 50%, making it the category of personal computers with the highest rate of expansion. The pandemic has created a strain in the past 18 months, but it is good to see that gaming is helping individuals overcome their challenges and is enabling them to interact with their friends and relatives remotely.
In addition to that, the pandemic has caused a great number of people in India to lose their jobs. However, because of the growth of the gaming business in India, individuals are now able to make a respectable living by playing video games and live broadcasting their gameplay on a variety of internet platforms such as YouTube, Twitch, Facebook, and others.
Those people in India who had lost their hope and their confidence as a result of the COVID-19 outbreak have been given a reason to have courage thanks to the flourishing gaming industry in India.
Gaming and its impact on an individual’s cognitive skills
The idea that playing virtual games might improve one’s cognitive capacities has undergone a paradigmatic change in recent years. This shift happened as a result of research that was conducted. More than 92% of people who participated in the research said they believe that playing games may help people become better at multitasking, and 90% of people said they believe that playing games may help people become better at problem-solving.
Laptop gaming giants such as HP, Dell, Asus, and so on, continue to gain from this trend. Gamers are also a big development opportunity for the Indian personal computer (PC) business. In recent years, they have witnessed a CAGR rise in the personal computer gaming industry of 50%, which ranks first among all PC sectors in Indian retail sales. According to the figures provided by IDC, HP’s domination of the gaming PC and laptop markets in India remained uncontested throughout the first two quarters of 2021.
Today’s gamers must be well-versed in both technology and gaming skills in order to get the most out of their time spent playing. The combination of cutting-edge thermal technology and winning horsepower, breath-taking visuals, and fantastic accessories will bring games to life and improve the entire playing experience for the gamer. The aesthetics and performance of a gaming device, as well as its CPU strength, battery charging speed, and battery backup duration, should be the top priorities for a new gamer, in my opinion.
The rising numbers in the gaming industry
Gamers have surged in numbers over the past several years, with half a billion new gamers joining the industry in only three years. In 2021, the global gaming industry’s direct and indirect value will exceed $300 billion, which is more than the combined worth of the movie and music industries.
However, for a long period of time, Indian parents did not see a future in gaming as a reasonable career option for their children. A job in gaming is a lucrative alternative because of the rapidly expanding statistics, which show that the gaming industry is here to stay and is the future.
China ($45 billion) and the U.S. ($40 billion) have a much larger gaming industry than India, with combined revenue of about $1.8 billion. Boston Consulting Group and Sequoia India’s 2021 research on the mobile-first phenomena states it is expanding quickly.
It is predicted that by 2025, India’s mobile gaming sector, which currently stands at $1.5 billion, would increase three times in size and reach a $5 billion economy. Over 300 million people use the Internet in India right now.
Additionally, the CAGR of both mobile and non-mobile gaming industries exceeded that of media segments such as OTT video, theatre and home entertainment, and audio in 2019-2020. According to the research, gaming in India has also been boosted by improved cell phones, cheaper, quicker, and a better internet connection, iconic games, influencers, and Covid-19.
The pandemic held individuals, hostage, for months at a time, so many sought comforts in games that allowed them to escape, which resulted in a large increase in the total number of hours spent playing these games. Before the Covid lockdowns, individuals spent roughly 2.5 hours per day gaming on average. However, during the lockdown months, that number increased to approximately 3.6 hours per week—a significant increase.
Conclusion
Gamers in India’s fast growth trajectory are being driven by a number of causes that include growing internet use and smartphone penetration. The gaming business is expected to provide 10,000-12,000 new employments in the United States by 2023, with similar projections for India in the coming years.
FDI is expected to reach $100 million in the next two years, according to the Indian government. This suggests that the gaming business is on the upswing. With companies like Reliance joining the market and releasing India’s first triple-A game, the gaming industry in India is predicted to reach $5 billion by 2025.
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Author: Niti Gupta
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