The gaming industry in India has undergone a massive evolution because of the mobile revolution.The second edition of the India Gaming Summit, organised by financialexpress.com – the business news site from the stable of Indian Express Online Media is a three day virtual event designed to bring together stakeholders in the online gaming sector to discuss topics such as the concepts of content, monetisation, regulations, gamers, advertising, ad fraud in gaming, among others.
The gaming industry in India has undergone a massive evolution because of the mobile revolution. Investments from big players such as Alibaba, Tencent, Nazara and Youzu have led to a rapid growth of gaming. The Indian gaming industry which was valued at Rs 6,200 crore in 2019 is estimated to go up to over Rs 25,000 crore by 2024, reveals data from analysts firm Statista. Mobile gaming as a market in India is estimated to reach about $405 million by 2022.
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The three-day virtual conference will consist of a series of sessions including keynote speech, fire-side chat, panel discussions, among others. Each session will include some of the most well-known gaming companies, platform owners, and publishers, as well as brand owners and gamers or influencers. The event will be attended by popular brands, gamers, game developers from India and around the world.
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Highlights
“An AI driven solution will help you scale better when it comes to disruptive behaviour in gaming,” Sai Balaji, M&E and Gaming Specialist, Google Cloud India, said.
“India is a fairly young and competitive market and real money gaming is big in India. Quality games are built when the developer economy works,” Rosen Sharma, Founder and CEO, Now.gg, said.
“Having a console game that can be played on mobile could be a gamechanger in the industry,” Nikhil Malankar, Founder and CEO, GameEon Studios, said.
“With the advent of cloud platforms, anybody can start making games. As for games which are fundamentally games as a service, it does not matter where the users come from,” Tejas Shirodkar, founder, QYJO, said.
“A lot of the esports organisers are not profitable because none of the Indian esports organisers have an IP of their own. Moreover, business models of the West are being followed,” Sai Srinivas Kiran G, co-founder and CEO, Mobile Premier League (MPL).
“Making a career out of esports is similar to that of any physical sport. The beauty of digital sports is that you can start participating in tournaments without an entry barrier or an age barrier,” Sai Srinivas Kiran G, co-founder and CEO, Mobile Premier League (MPL), said.
“Video games for sports is a great way for bringing people into the ambit of sports,” Sai Srinivas Kiran G, co-founder and CEO, Mobile Premier League (MPL), said.
“The greater the proportion of skill, the lesser is the chance of it being called a gamble,” Justice BN Srikrishna, Chairman, Personal Data Protection Bill (PDP) Committee.
“There needs to be a law which can clearly differentiate between game of skill and game of chance,” Justice BN Srikrishna, Chairman, Personal Data Protection Bill (PDP) Committee.
“The most exciting development in the industry has been on the regulatory side,” Anant Goenka, Executive Director, Indian Express Group, said at the India Gaming Summit, 2021.