As we are walking ahead in the line of esports and the digital world by becoming the 4th largest online gaming community in the world, the future of gaming has going for it all the shining stars. This has been reiterated in the 2nd edition of the India Gaming Conclave 2022, which was recently held in Delhi, the first physical event in the post-pandemic era. There is no doubt that India is rapidly gaining the position of becoming one of the fastest growing markets from the global perspective.
Highlights of India Gaming Conclave 2022
The event witnessed participation from the leading entrepreneurs, stakeholders, journalists, and content creators on one platform to discuss the future of gaming and what all aspects may contribute to accelerating its growth.
- The event, powered by Konnect Worldwide Business Media, had engaging rounds of discussions presided over by panelists from the gaming industry vertical, with topics such as understanding a gamer, 5G, Cloud Gaming, and gamification, among others.
- Considerable attention was given to the adoption of 5G in India and how it could lead to innovations supporting revolutionary breakthroughs in the gaming world.
- According to a panelist, a 40% increase has been witnessed in the gaming sector in the post-pandemic world, especially a positive surge in paid gaming.
- Equal emphasis was given to the growth of cloud gaming, gamification, and the importance of mobile gaming devices.
- Representatives from leading mobile device OEMs such as OPPO and POCO joined forces to promote gaming success through the availability of efficient hardware, promising to build and conduct efficient R&D to make it possible.
Our R&D teams are working towards fostering newer advancements in MediaTek HyperEngine Gaming Technologies and we await the power of 5G to unlock the full potential of Indian gaming,” said Anku Jain, Managing Director, MediaTek India.
- It was collectively agreed by the chipset OEM, Mediatek, and mobile device manufacturers that there is an urgent need to expand and develop gaming infrastructure in India to enhance and produce better employment opportunities.
- The panelists discussed several shortcomings that occur while initiating this expansion, such as the availability of compatible devices, equipment, and resources.
According to the Sequoia India and BCG report, India’s gaming industry is generating $1.5 billion in revenue and is expected to triple to over $5 billion by 2025, owing to the ‘mobile first’ phenomenon.
- Powerful arguments were made by panelists towards understanding the population divide between casual gamers and PC/console gamers and how to work towards strengthening facilities to benefit both of them in India.
- The role of PC gaming in India was also discussed at the event and how the expansion of mobile gaming is overpowering it in the Indian gaming sector, as suggested by the statistics.
Overall, the event proved to be a success where imminent possibilities were observed to discover innovative technological ideals teamed up with strong hardware capabilities to deliver a next-gen gaming environment to establish a niche that can well compete and stand strongly against various other verticals.
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