In the mid-2000s, gaming was not a big industry. Post pandemic, the gaming industry has witnessed a remarkable rise. Before, it was restricted to small gaming parlors, but today times have changed drastically. The gaming industry draws teens and adults alike. Having realized that gaming is something Indian parents still don’t support, as they feel that children play it for entertainment, it has turned into a strong industry with various job openings in the market.

In the post-pandemic period, there has been strong development in the online gaming industry. Today it is seen as an adequate career path, bringing more and more of full-time-gamers, live streamers, and YouTubers into the industry. This rise has prompted an increase in demand and the introduction of gaming-related gadgets and gear among the trends in India. An ever-increasing number of customers are taking to gaming with enthusiasm, combined with boundless business opportunities with monetization through promoting, hyper-customized offerings, and gamification.

The cutting-edge gaming industry has developed at a pace of 18.6% in 2020, and if it keeps going on like this, it is estimated to be worth more than $2 billion by 2023. The gaming industry has fundamentally ascended with the ascent of game-a-thons occurring every day in the country. Indeed, even gamification in the education industry is another transformation.

Today, games have turned into a full-time job for many people. There is both money and interest in the industry, but there are no guidelines on online gaming up until this point. Even the parliament is in a position to impose taxes on the gaming industry for tax revenue. To be exact, online gaming platforms bring in money in these ways:
Enrollment fee that players pay to participate in an online game.
Through a prize money pool
Promoting revenue through ads

The change from those traditional video games to the PlayStation and other huge consoles for gaming has become an enormous hit with the audience. Huge consoles and PC games are being modified for mobile platforms as industry players think that gaming is the future of social media for the next generation. Over 90% of millennials and Gen Z play video games.

The reason behind the rise in online gaming-
● Reasonable 4G and 5G internet connectivity
● Cell phones are becoming more popular.
● Famous for game-a-thons, influencers promote and organize
● Furthermore, obviously, the worldwide pandemic led to boredom and people moving to online gaming mediums for entertainment.
● Plug and play PC gaming.

With that, the sector is expected to include more investors, users, and developers alike.

Changes in consumer behavior
Electronics companies are assembling and producing advanced features, innovative design screens, TV sets, consoles, and projectors based on buyer demands and behavior. Furthermore, the electronics industry is investing vigorously in AR and VR advancements to make the gaming world all the more engaging and immersive.

In the meantime, gamers presently need a large group of elements on their screen, including quick refresh rates and a variety of features and innovations to guarantee ultra-low latency gaming, making them ideal for eSports and hardcore gamers. The basic purchasing factor has advanced with time. Prior, it was the size and cost. Presently, it is seen in size, network, resolution (Full HD and up), and refresh rate. With the market going up to 360 Hz, clients are doing what’s necessary exploration; prior screens used to be the last inclination. Presently, screens fall into the TOP 3 picks after CPU and hard disk. Generally speaking, the screen investment rate in PCs has expanded.

The electronics behemoth’s most recent cutting-edge innovation boasts 2K and 4K monitors, with screen sizes standardized into 24 and 27-inch frames. The refresh rate is normalized from 144 to 360 Hz, and 12-bit color is the most popular among users. It’s the clients’ need now since they maintain that the result should be precise. Sadly, numerous graphics cards are viable with 4K screens as it is.

With long periods of gameplay delayed, brands are developing innovations that provide eye relief. For expanded gameplay, adaptability options like slant, pivot, swivel, and height adjustments are presently of great importance. Furthermore, the industry is centered around upgrading the vivid designs to give gamers marvelous clarity during high-intensity gameplay, practically wiping out faltering and tearing and permitting gamers to make complex hits on quick-moving objects with unbelievable accuracy.

With over 70% of the population under the age of 20-30 years old and a Gen Z classification, the gaming marketplace makes India the most encouraging industry going ahead. In the wake of seeing a colossal mass of individuals engaged in streaming online live games, it has been predicted that there will be an increase in the sector in the impending years.

Credit: Financial Express