How the fantasy game industry will fare in 2022
India’s online fantasy gaming sector, valued at around 20 billion Indian rupees in 2021, is expected to escalate rapidly and reach the massive valuation of over 50 billion Indian rupees by 2025.
By Varun Mahna
The last two years have seen a substantial increase in gambling in India. According to Statista, India had a huge population of gamers of 365 million in 2020, which is expected to reach 510 million by the end of the year 2022. Based on these numbers, one can easily understand how big these two years have been good for the gaming industry in India.
Several factors, starting with rampant technological advancements and increased internet penetration to the COVID pandemic, have come into play to engender this drastic growth. With no sources of mainstream entertainment and free flow due to COVID and related restrictions, a majority of people have turned to online games to deal with their boredom.
Ever since internet and smartphones have become easily accessible and affordable in India, the country has shown a strong inclination towards mobile gaming. A recent industry report stated that 17% of total mobile game downloads worldwide in 2020 came from India. The trend continued the following year, as confirmed by a Statista report which indicated that 94% of Indian gamers were mobile gamers.
Fantasy Games: A Growing Trend
In this trend of a growing mobile gaming industry, much of our massive population has turned to fantasy games. Fantasy games are virtual games that allow players to form fictional teams of real players of a given sport. The team, thus formed by the player, participates in the fantasy game, and the performance of the players in the virtual world is based on the same performance of the players in real life.
The rhythmic popularity of these games can be attributed to the many benefits they offer. Besides entertainment, fantasy games allow their players to earn real money through gambling, which is an extremely welcome option in these uncertain times. Gamers can also make it a full-time career as gaming careers are becoming more and more common around the world.
Additionally, fantasy games often allow for multiplayer options that facilitate social interaction and engagement and allow people to expand their networks. Social interaction is also enhanced by YouTube and the discord channels that gamers often use to communicate with fellow gamers and build deeper connections.
What to expect from fantasy gaming in 2022?
The field of fantasy gaming has been on a high growth trajectory in the Indian gaming market for the past few years. As established, its popularity and users are only increasing over time due to the ease and feasibility of access and other benefits of these games. From there, one can safely conclude that fantasy games are a promising trend that is here to stay.
This statement is backed up by a report by Statista which indicates that India’s online fantasy gaming sector, valued at around 20 billion Indian rupees in 2021, is expected to grow rapidly and reach the massive valuation of over 50 billion Indian rupees. by 2025. games are all set to be a strong presence in the present and the foreseeable future.
Considering the commendable performance of fantasy games in recent times and their promising future, it is certain that these games have immense potential for growth and innovation in our country. As the technology employed improves over time, we can expect these games to become more streamlined and seamless to play. Furthermore, the introduction of new games is also a possibility depending on the market reaction to the different games. Finally, with the surge in acceptance and popularity of esports and virtual games, areas such as fantasy games are expected to follow in 2022 and beyond.
The new year 2022 has arrived with a series of endless possibilities and opportunities for all industries, including the gaming sector. The past two years have handled fantasy gaming extremely well, and based on expert opinion and industry trends, 2022 is expected to maintain continued growth. Therefore, we can expect fantasy games to become more popular and mainstream in this year and the following years.
The author is the founder and CEO of Dangal Games
Read also: Online games open new doors for players
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