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January 19, 2021
Several factors such as younger demographics, increasing smartphone penetration, among others, are fuelling the growth
The online gaming industry is estimated to touch the $2.8 billion-mark by 2022 growing at a CAGR of 40 per cent after witnessing strong growth momentum in the pandemic times. According to a report by Deloitte, several factors such as younger demographics, increasing smartphone penetration, affordable data plans and rising number of rural consumers and women users coming into the gaming fold, among others, are fuelling the growth of this sector.
Time spent on gaming apps, increased by 21 per cent during the initial national lockdown, with the total customer base crossing 300 million users in the country. ....

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