financetom
Business
financetom
/
Business
/
Defining Trends in the Indian Gaming Ecosystem and the Impact of COVID-19
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Defining Trends in the Indian Gaming Ecosystem and the Impact of COVID-19
Oct 8, 2020 1:00 PM

The Impact of COVID-19 on India's Gaming Ecosystem

Share Market Live

NSE

The COVID-19 pandemic has had a lasting impact on the economies of various sectors in our country. Despite this, the Indian online gaming market is poised to grow to $1 billion by 2021 as the entire sector has remained resilient and also seen significant growth during this period.

In Republic of Games by CNBCTV18.com and Akamai, Megha Vishwanath spoke to leaders in the gaming industry about the current trends in the ecosystem.

Significant Surge in Gaming During Lockdown

At the very outset, the lockdown significantly increased people's engagement with games. Therefore, every company had to do a great deal of ramping up and adapting at the back-end to support the increasing traffic.

Swapnil Shaha, COO of Games91, said, "There were a lot of gamers coming in from all across... we almost had got a 500% surge on traffic."

Sidharth Kedia, Group CEO of Nodwin Gaming, too reported a massive surge in gamers on his platform. In his own words, "...the numbers from last year to this year surged 19x..."

The idea that the last 5-6 months saw a greater surge than the past few years found consensus across the panel. Every platform had to do something different in order to reel in more gamers and sustain the increased traffic they were now seeing.

The ban on PUBG sent every platform back to their drawing boards. Speaking about the impact of the ban, Firasat Durrani, VC - Operations at Loco, said, "From one of the insights I saw somewhere, 64% of gaming content consumed on YouTube came from PUBG."

However, as a broadcast app, Loco saw a dip for only as much as a week, till most users moved on to other games. The ecosystem, in this case, had a way of bouncing back.

Challenges Faced by the Sector at Large

The gaming sector, just like every other, has had to find means and ways to cater to the sudden shift in working remotely, while building up the infrastructure to cater to increasing traffic.

Scaling, however, doesn't come automatically, as rightly pointed out by Sidharth Pisharoti, RVP, Media and Carrier Division, Akamai, “Not all games are successful. But all games that are successful definitely use the right kind of technology out there, the right partner that helps them to scale and secure their infrastructure and platform.” he said.

He also goes on to say, "Not all games are successful. All games that are successful definitely use the right kind of technology out there, the right partner that helps them to scale and secure their infrastructure and platform."

This planning also includes responding to security concerns, with DDoS attacks and credential stuffing attacks rising exponentially with the increased traffic and users.

A Sea of Changes

Currently, existing players are getting a head start. Plus, this is also a time where homegrown players have a chance to make an entrance.

However, it will be crucial to take care of the quality of service in terms of fast download speeds, a greater reliance on cloud technology while also incorporating localized content to appeal to a larger base.

During a time of significant changes, it's also essential to understand the difference between the Indian market from those abroad; Indian players prefer playing these games on their mobiles as opposed to their gaming PCs or laptops.

Additionally, these games need to cater to people much beyond the metropolitan areas as they've been gaining increasing popularity even in remote areas.

What Could the Future Look Like?

Gaming has seen various changes over the years, from the days of the cassettes to the smartphone ecosystem today. Looking ahead, we could see a way for gamers to continually improve their skills by playing against or learning from gamers whose skills they admire.

To this, Naman Jhawar, Senior VP - Strategy and Ops at MPL, added, "You will see professional athletes like a Virat Kohli or a Dhoni being created out of gamers as well... We're already seeing this in terms of smaller platforms..."

Additionally, Virtual Reality and Artificial Intelligence will also have a huge role to play in revolutionizing the gaming industry. The right kind of technology is important for platforms to find success in the present and scale up. The 5G revolution will also have a vital role to play going forward.

In Closing

Despite some major changes, the gaming industry has managed to steadily grow and increase players during this economic slump. This short span has contributed significantly to the ever evolving fast paced gaming sector.

This is a partnered post.

First Published:Oct 8, 2020 10:00 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
M/i Homes Insider Sold Shares Worth $2,342,400, According to a Recent SEC Filing
M/i Homes Insider Sold Shares Worth $2,342,400, According to a Recent SEC Filing
Apr 30, 2024
04:34 PM EDT, 04/30/2024 (MT Newswires) -- Robert H Schottenstein, Director, Chairman, CEO & President, on April 29, 2024, sold 19,200 shares in M/i Homes ( MHO ) for $2,342,400. Following the Form 4 filing with the SEC, Schottenstein has control over a total of 122,951 shares of the company, with 122,951 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/799292/000079929224000043/xslF345X03/wk-form4_1714508030.xml ...
Costar Group Insider Sold Shares Worth $11,366,581, According to a Recent SEC Filing
Costar Group Insider Sold Shares Worth $11,366,581, According to a Recent SEC Filing
Apr 30, 2024
04:35 PM EDT, 04/30/2024 (MT Newswires) -- Scott T Wheeler, Chief Financial Officer, on April 26, 2024, sold 122,736 shares in Costar Group ( CSGP ) for $11,366,581. Following the Form 4 filing with the SEC, Wheeler has control over a total of 309,118 shares of the company, with 303,417 shares held directly and 5,701 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1057352/000105735224000062/xslF345X03/wk-form4_1714508003.xml...
Costar Group Insider Sold Shares Worth $352,146, According to a Recent SEC Filing
Costar Group Insider Sold Shares Worth $352,146, According to a Recent SEC Filing
Apr 30, 2024
04:35 PM EDT, 04/30/2024 (MT Newswires) -- Michael J Desmarais, Chief Human Resources Officer, on April 26, 2024, sold 3,800 shares in Costar Group ( CSGP ) for $352,146. Following the Form 4 filing with the SEC, Desmarais has control over a total of 64,087 shares of the company, with 64,087 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1057352/000105735224000063/xslF345X03/wk-form4_1714508016.xml Price: 91.41, Change:...
Chipmaker AMD narrowly beats first-quarter revenue estimates
Chipmaker AMD narrowly beats first-quarter revenue estimates
Apr 30, 2024
April 30 (Reuters) - Advanced Micro Devices ( AMD ) beat first-quarter revenue estimates by a small margin on Tuesday as tepid demand for semiconductors used in traditional data centers added to weakness in the market for gaming chips. Shares of the Santa Clara, California-based company fell 3% in extended trading. Enterprises rushing to adopt generative AI have prioritized spending...
Copyright 2023-2026 - www.financetom.com All Rights Reserved