Reliance Jio, Airtel preparing to cash in on online gaming boom in India

Truman Slate

The Covid-19 pandemic induced country-broad lockdown has not only redefined how India Inc performs and kids review, but has also opened up additional avenues how these netizens can unwind immediately after a difficult day’s do the job.

On the web gaming, that was a $one.nine billion field in India in 2019, according to Redseer estimates – a Bengaluru-based mostly consulting agency – can properly be on keep track of to expand at a 35 per cent compounded fee (CAGR) to hit $eight.four billion by 2024. This, according to Bofa Securities estimates, spells boon for Indian telecom organizations, specially Reliance Jio and Bharti Airtel, which are waiting to capitalise on the option.

Online gaming market size

According to a July six note by BofA Securities, compared with other Asian economies (like China, Korea and so forth), however India till now has not proven significant uptake in on-line gaming, but with increasing telecom infrastructure, evolving gaming

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