Online gaming industry to touch $2.8 billion by 2022 in India: report
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The findings of the study highlighted that covid-19 has pushed the growth further as users latched on to online gaming platforms in the absence of entertainment options during lockdown.
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New Delhi: The online gaming industry is expected to grow at a compound annual growth rate (CAGR) of 40% to $2.8 billion by 2022, up from $1.1 billion in 2019, according to a Deloitte India report released on Tuesday. Largely driven by smartphones, affordable data and increasing disposable income, the rapid growth is expected to strengthen the sector’s share of total media and entertainment industry by 4−5%.
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SEA Digest: Homebase raises funding; Grab ties up with NAS Academy
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Ho Chi Minh-based Homebase has raised an undisclosed amount in its pre-Series A round to develop new alternative financial solutions to serve homeowners in Vietnam. Meanwhile, ride-hailing giant Grab and NAS Academy, the training and development arm of content creator NAS Daily, are rolling out a programme to identify and groom 100 budding content creators across Singapore, Malaysia, and the Philippines.
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