Gaming – Page 16 – storyboard18

Online gaming industry faces potential 50 percent revenue drop after 6 months of 28 percent GST implementation

In addition to the basic rate of 30 percent, a health and education cess at the rate of 4 percent of the amount of tax is levied. Thus the effective tax rate on lottery winnings comes up to 31.2 percent. (Image sourced via Unsplash)

To weather the storm of a significant revenue drop in the financials for the last six months, among other cost cutting measures, online gaming companies are slashing marketing expenses by over half.

Forge new pacts: How community building and micro-communities drive growth in gaming

By nurturing a thriving micro-community, brands tap into the power of the network effect. As the community grows and thrives, it attracts even more members, further amplifying brand awareness and engagement, says Ishank Gupta, Elder Member Council, Kratos Gaming Network.

Gamers play as multiple characters in diverse stories. They are heroes of countless worlds. Now imagine if, as a brand, you could speak to every single one of those heroes, writes Ishank Gupta, Elder Member Council, Kratos Gaming Network.

Booming gaming industry: Building a career in gaming

music industry, writes Nauman Mulla, Co-Founder & COO, STAN.

India has an advantage over other countries in terms of talent involved in gaming and is also well-equipped with the technological know-how, writes Nauman Mulla, Co-Founder & COO, STAN.

International Creators Day: Payal Gaming on the scarcity of female role models in gaming industry

To fellow young women starting their creative journeys, stay courageous and resilient. With dedication and persistence, you can turn your dreams into realities, says Payal Dhare.

“I aim to address the scarcity of female role models in the gaming industry and inspire young girls to pursue their dreams of a full-time career in gaming and content creation,” says Payal Gaming aka Payal Dhare.

Can India’s online gaming sector can realize potential with policy support?

The nation can identify and nurture individuals by introducing separate scholarship programs for skills that feed into the gaming ecosystem – designers, developers, cybersecurity specialists, among others.

Online gaming contributes to 3.7 percent of global greenhouse gas emissions: Report

Indian studios and large developers would do well to start measuring their own carbon footprints, while simultaneously funding products, projects and initiatives that help the environment. (Image source: Unsplash)

At the global level, agencies like the United Nations (UN) are leveraging the dynamic game community for initiatives like “Playing for the Planet Alliance”.

Online gaming market ripe for innovation, fueled by youth and mobile gaming, says Siddharth Patel of CVC Capital Partners

Game downloads in India soared from 5.65 billion to 9.5 billion in four years. (Representative Image: Alex Haney via Unsplash)

The annual revenue for gaming is projected to reach $6 billion by 2028, as per a report.

Nearly 50 percent fall within the age bracket of 18 to 30 years in gaming: Report

The sports technology sector is ripe for investment, projected to be a $1 billion market with a projected CAGR of 19%. (Representative Image: JESHOOTS.COM via Unsplash)

This segment exhibits a proclivity for mid-core and hardcore gaming genres, particularly those characterized by fast-paced gameplay such as shooting games.

41 percent of the gamers in India were women: Report

The number of employees in the 'Online Gaming' industry has grown at a CAGR of 97.5% from 2018 to 2023 in India.

As per a report by Lumikai in 2022, about 80 percent of gamers in India showed a proclivity towards content based on Indian Intellectual Property (IP).