The Indian online gaming market is expanding rapidly, creating many employment and revenue-generation opportunities. As per new research, the gaming industry is supposed to reach $182 billion by 2025. As the online gaming industry prepares for a new revolution, AR and VR give gamers a solo experience, encouraging them to establish stronger bonds and create gaming communities.
Ankur Singh, CEO & Founder Of Witzeal Technologies Tells Us About The Expected Growth Of The Online Gaming Industry By 2025
Witzeal Technologies is a modern gaming technology company that was established in 2016. It specializes in developing and launching cutting-edge games and features for the pay-to-play market.
The brand’s flagship, a multi-gaming platform called “Big Cash,” offers 17 skill-based pay-to-play games in the Cards, Fantasy, and Casual segments, all created in-house. Witzeal’s Big Cash gaming platform offers an unmatched gaming experience for users across the globe.
Furthermore, the platform recently launched a first-of-its-kind video chat feature for live Indian gamers. The feature permits Indian gamers to connect and partake in games through live video.
The brand’s core lies in the novel features and user experience it offers, which have created a special environment for all gaming devotees in India. Over the years, the platform has seen an amazing success story with over 25 million users and over 1.5 million dynamic users monthly.
Laying out trends in the pay-to-play market with its wide range of games, Witzeal has been working enthusiastically to become a leading force in the gaming industry. The company also adheres to the Skill Games Charter and is a member of the All India Gaming Federation (AIGF).
In an interview with TechnoSports, Ankur Singh, CEO, and Founder of Witzeal Technologies educates us regarding the expected development of the online gaming industry by 2025.
How do you see the rise of online gaming in India? What have been the key factors that have triggered the adoption of online gaming?
Without a doubt, India’s online gaming industry appears promising. The user base is changing emphatically because of the industry’s development and the expanded public information about it. As per a KPMG report, India will have 433 million gamers in 2021, and by 2025, that number is anticipated to rise to 657 million. Users are expanding from everywhere in India, adding variety to the user base and causing a dramatic change in user requirements.
Gaming in India is currently being seen as a source of entertainment, prompting the requirement for a more modified gaming experience. The industry is seeing proficient players emerge as skill-based gaming has been proven to intensify cognitive skills, for example, decision-making, rational thinking, team building, and time management.
Furthermore, it has turned into a crucial platform for gamers due to various good factors, including the government of India’s “Digital India” drive, which supports and helps individuals across the districts to use the internet at reasonable rates, a young and tech-savvy populace, the sophistication of digital payments, and in general technical developments. Pay-to-play gaming is well-known and desired among players because it provides variety, a positive user experience, and requests to all age groups. Pay-to-play offers various incentive programs (including cashback, referrals, and discounts) that are planned after analyzing customer appeal and interests using data and algorithms.
Which major technologies are transforming the gaming landscape? How is AI making a difference?
It is an amazing opportunity to be on an equal footing in this sector. The online gaming industry is growing rapidly and is supposed to do so. We guess that the online gaming sector will keep on extending rapidly in the years to come because of innovation upheld by new technologies and customized encounters. Emerging developments in the country’s gaming business incorporate the use of freemium games, platform as a service (PaaS) adoption for faster game creation, augmented reality (AR) and virtual reality (VR) technologies, machine learning (ML), and artificial intelligence (AI).
Players can encounter more practical and engaging gameplay as developers carry out new progressions. Tech-oriented features are expected to be sought after since they can extensively help player commitment and upgrade their tendency to engage and explore more on the platform. These features incorporate 3D scanning, facial recognition, voice and gesture control, and others.
What are your views on the fast-evolving gaming ecosystem? Please tell us about the impact of AR and VR on gaming.
The online gaming industry in India is developing at a fast pace on various roads for employment and revenue generation. The gaming industry is set to outperform $182 billion by 2025, according to the new report. On the brink of a new revolution in online gaming, AR and VR have allowed customers to have a one-of-a-kind encounter, as you find yourself completely separated from your genuine environmental elements and can have a vivid gaming experience sitting on any side of the world.
The Indian online gaming market is expanding rapidly, creating many employment and revenue-generation opportunities. As per new research, the gaming industry is supposed to reach $182 billion by 2025. As the online gaming industry prepares for a new revolution, AR and VR give gamers a solo experience, encouraging them to establish stronger bonds and create gaming communities.
How is Witzeal Technologies contributing to boosting the gaming industry? Please be brief about your offerings.
We work on creating and introducing modern games and highlights in the pay-to-play gaming segment. Witzeal made a step forward in the Indian online gaming industry with the launch of the Big Cash multi-gaming platform in 2017. Witzeal’s flagship product, “Big Cash,” is a multi-gaming platform that offers 17 skill-based pay-to-play games in the Cards, Fantasy, and Casual segments, all created in-house. The card games incorporate three types: poker, rummy, and call bluff. The casual games include cricket, car racing, fruit chopping, soccer, egg tossing, knife hitting, 8-ball pool, bulb smashing, and more. Fantasy gaming includes cricket, football, and Kabaddi.
We at Witzeal have consistently meant to remain on the curve by continually improving our product and providing an unmistakable gaming experience (video call, VIP, gifting, and so forth). Each of the games on our multi-gaming platform, Big Cash, is planned and created in-house. The in-house-built games empower us to give a customized gaming experience to our players while maintaining an elevated degree of safety.
Witzeal has many games that are undeniably evolved in-house, which further develops player digital security while permitting developers to be creative and innovative, making for an amazing user experience. Since the games are internally created, they support the government’s “Make in India” and “Digital India” objectives, growing the market for web developers. Besides, the payments made by the user through digital modes and a concrete platform for monetary transactions intensify user trust. This has aided players’ preferences while also increasing user trust. We take pride in mentioning that our app is one of the smallest and occupies abysmal space on our users’ mobile devices.
In addition, we have as of late launched skill-based Ludo, which is going into the segment of board games. We have around 70% of users playing casual games and around 30% of players in card and fantasy games. We are also an active member of the All-India Gaming Federation (AIGF) and follow the self-regulation charter for skill games that covers all aspects of the online business process.
What is your vision for the Indian gaming market by 2025? How much growth do you expect by 2025?
While the pay-to-play sector of the online gaming market is as yet growing, we imagine that later on, innovation and the personalization of encounters will be the significant topics that will uphold the extension of the Indian gaming market overall. This market’s growth in the coming years will also be aided by the adoption of emerging technologies such as 5G, 360-degree video, and augmented, virtual, and mixed realities (AR, VR, MR). The launch of 5G would propel India’s gaming industry sector higher than ever. In addition to speeding up mobile internet, it would also significantly help with clog reduction.
The future possibilities for cloud gaming in India are splendid. A user can play the games of their personal preference using cloud-based innovation, offering a wide variety of gaming prospects, security, and similarity without expecting to make a significant investment in PCs and gaming consoles.
Also, the AVGC task force set up by the government is expected to fuel the development of the industry. Witzeal is set to sail and develop with the industry. To respond to the increased interest, we have expanded our authority group and strengthened our position. As of now, Witzeal remains steadfast, with a headcount of more than 65 individuals working towards a common goal of disrupting the online pay-to-play gaming segment.
Credit: TechnoSports
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