Gaming industry getting momentum in India
PTI reports that the gaming in industry in India is exhibiting a great potential for growth at present. The industry is expected to grow at a Compounded Annual Growth Rate of 32 per cent which stands at around Rs.3,100-crore by the year 2014 which was Rs 650-crore in 2008 and Rs 790-crore in 2009. Thus the industry has witnessed a massive increase of 22 per cent during this period.
Mr Kumar Warrier,Business Head of Maya Academy of Advanced Cinematics(MAAC) said that the major factors contributing to this increased growth potential seems to be the presence of a large number of young people, higher disposable incomes, large number of wireless users and rise in developers and publishers.
MAAC is among one of the most significant institutes engaged in high-end 3D animation and VFX education in India.
Another of the industry official Matthey Jaffery, of Electronic Arts of U.K, stated that there has been a constant widening of telecom bases and the arrival of 3G has accentuated the process of growth. Further it is anticipated that there will be an efficient provision of high speed data network to the mobile gamers in near future. The subscriber base in telecom sector is anticipated to rise upto 19 per cent i.e. Rs.1160 by the year 2014. All this has been attributed to the continuous increase in disposable incomes as well as to the demographics factors working favourably in this direction.