Covid-19 Impact: Online Gaming Industry Witnesses Major Growth, Revenues Soar By 18%

The demand for computers has also increased due to online gaming. Due to this growth in online gaming, revenues have also increased manifold. The revenue is expected to reach Rs. 7,700 crores.

Online Gaming Industry Witnesses Major Growth | File Image

The second wave of the coronavirus pandemic forced people to stay inside. This has led to an increase in the craze of online gaming. Compared to last year, the popularity of online gaming has soared. 300 million people indulged in playing online games in 2019. This number has shot up by 20 percent, and this year, the number has increased to 360 million.

Revenue Growth Statistics

According to a report, online gaming revenues increased by 18 percent. While last year, the revenue figure was Rs 6,500 crores, it has reached Rs 7,700 crores this year. It is also expected that the revenue will grow further by 2023. It could reach a figure of Rs. 15,500 crores. 

Better Gaming Experience

According to reports, gamers used smartphones to play online games earlier. However, they are now turning to desktops, laptops, and big-screen TVs for a better experience. These devices enable great graphics, bigger screens, better sound quality, and easy controls.

Demand For Computers Increases

Popular computer manufacturer HP surveyed 1,500 people in the 15-40 years age group across 25 cities. This survey revealed that many people were embracing gaming not only during the lockdown but from a long-term perspective.

At the same time, it has come to the fore that due to this increasing trend of online gaming, the demand for computers has also increased.