By Rohit Bansal
The gaming industry in India has experienced a significant surge in recent years, propelled by technological advancements, increasing smartphone penetration, and the rising popularity of online gaming platforms. In 2022, the Indian gaming market stood at $2.6 billion. In addition, a report by Lumikai projects that the landscape will expand at a CAGR of 27 per cent to $8.6 billion by 2027. India has emerged as one of the fastest-growing markets for gaming, providing immense opportunities for a surging player base that includes both professional and casual gamers.
The country registered 421 million gamers in 2022, which is anticipated to reach 442 million by the end of 2023, as per a report by Statista. With the growing number of players and genres, skill-based fantasy gaming has gained remarkable traction in the Indian market, revolutionising how people engage with virtual sports and competitions.
Fantasy Gaming In India: A Rising Phenomenon
India has demonstrated an overwhelming love for fantasy sports as a result of the internet and smartphones becoming more accessible and affordable. It has not only witnessed exponential growth but also attracted a diverse user base comprising both casual gamers and passionate sports enthusiasts. With the increasing interest of gamers, the market has experienced swift growth. The Indian fantasy sports market is currently worth $75,000 crore, according to a joint report from Deloitte India and the Federation of Indian Fantasy Sports (FIFS) from April 2023. This explains how well skill-based fantasy gaming has been enticing the Indian population. In addition to gaining ground in India, it is also bridging the gap between casual and professional gaming.
Bridging The Gap
Fantasy gaming platforms provide an immersive experience by offering a range of contests, leagues, and tournaments, allowing users to showcase their knowledge, strategic thinking, and analytical skills. Unlike traditional casual gaming, where chance often plays a significant role, skill-based fantasy gaming offers a level playing field for gamers of varying expertise. This aspect has been instrumental in bridging the gap between casual and professional gaming in India.
Develops strategic abilities: Skill-based fantasy gaming platforms provide a plethora of data points, statistics, and analytics, empowering users to make informed decisions while assembling their virtual teams. This data-driven approach not only enhances user engagement but also cultivates a deeper understanding of the sport, making fantasy gaming an educational and entertaining experience. Users can analyse player performances, assess recent form, and make astute choices based on the dynamics of the game, thereby developing their strategic acumen.
Broadens social circle: Casual games frequently incorporate multiplayer features, enabling friends or strangers to connect and compete against each other. Skill-based fantasy gaming, on the other hand, has given rise to a community of passionate gamers who actively discuss strategies, share insights, and engage in healthy competition. This vibrant ecosystem has created opportunities for individuals to showcase their skills and gain recognition in the gaming community. Fantasy gaming platforms often organise high-stakes tournaments and leagues where top performers can win substantial prizes, earn sponsorships, and even pursue professional gaming careers.
Enjoyment of virtual worlds: Gamers today have different preferences. As a result, contemporary games give them the chance to fully immerse themselves in virtual worlds. Players can escape reality and embark on exciting new adventures with the help of the captivating visuals, engrossing narratives, and engaging gameplay mechanics found in many casual games. Contrarily, fantasy gaming enables users to enter the virtual world of sports, pick their favourite players, and relive the thrill of competitive games. This has given users a special enjoyment opportunity and muddled the distinction between casual and competitive gaming.
All Things Considered
The amalgamation of skill, technology, and entertainment in the realm of fantasy gaming has paved the way for a new era of competitive gaming and fostering the growth of a vibrant gaming ecosystem in India. With the increasing popularity of skill-based fantasy gaming, we can anticipate a surge in demand for more immersive gaming experiences. The Indian fantasy sports market is predicted to grow at an astounding 44.6 per cent CAGR between 2023 and 2028, according to a report by IMARC Group.
Skill-based fantasy gaming has emerged as a powerful bridge, connecting casual and professional gaming in the Indian market. With its data-driven approach, emphasis on strategic thinking, and immersive experience, it has captivated the attention of millions of gamers across the country. As this trend continues to evolve, skill-based fantasy gaming has the potential to redefine the gaming landscape in India and is poised to grow at a swift pace.
(The author is the founder of Super4)
Disclaimer: The opinions, beliefs, and views expressed by the various authors and forum participants on this website are personal and do not reflect the opinions, beliefs, and views of ABP Network Pvt. Ltd. Fantasy sports game may be habit-forming or financially risky. Play responsibly. The information contained herein is merely based on parameters including but not limited to players’ past performance & records, players’ fitness & availability, ground conditions, weather conditions, etc. An individual intending to participate in any such fantasy sports game on any platform shall have to use his/her own skill, wisdom & judgement while creating a fantasy team. Accordingly, reader discretion is advised.