Rooted in a cultural passion for entertainment, spanning music, film and sports, and driven by a growing population surpassing even China, it's no surprise that India's iGaming sector has secured a prominent position on the emerging market podium.
Digital Decks Driving India's Mobile Gaming Boom
Increased access to affordable smartphones means players are leaning towards mobile gaming options. A digital-forward generation swapping out physical cards particularly in skill-based games like online rummy, teen patti, and poker has seen India’s mobile gaming market skyrocket over recent years.
Payments through specialised gateways play a crucial role in ensuring the sustainability and expansion of the sector. In-game purchases and micro-transactions are key revenue streams for companies, fundamentally transforming the monetisation and user experience of games. These transactions are adeptly addressing the needs of a growing customer base in India.
India's Passion for Wins, Wickets, and Virtual Competition
To add to the mix, fantasy sports and Esports have burst on the scene. While the sports betting market lacks full regulation, India's passion for sports remains undeniable.
In this year’s Indian Premier League 2023, fantasy sports revenue increased by 24%. Dream11 significantly contributed to this, standing as the largest fantasy sports firm in India with a user base of over 180 million. The fantasy sports app has clearly become wildly popular, not only earning recognition as a leading sponsor of India's national cricket team but also securing international support from the US-based Tiger Global.
Esports is on a similar trajectory in India. Officially recognised as a mainstream sport alongside cricket and football, the sector promises to see increased sponsorship and investment in the coming years. Although differing from real-money games, gaming operators are pushing to diversify offerings, and leaning into tailoring products to suit the growing popularity of virtual competitive games and multiplayer formats.
With a demographic filled with eager punters, there is a growing need for uniform laws across all Indian states. A positive stance from India’s government and a push for legislation could lead to increased transparency, player protection and a regulated framework further creating an industry ready for exploration and investment.
SPiCE India 2024: 5 Years as Goa's Premier Gaming Event
Enter the 5th Annual Edition of SPiCE India. Amidst the anticipation of legal changes and an abundance of exciting gaming prospects, India's premier iGaming conference and exhibition proudly reclaims its place in Goa. Transforming the state into the ultimate gaming hub, SPiCE India 2024 serves as your all-encompassing destination for everything iGaming, delivering essential insights from a lineup of industry experts, a solution-centred exhibition floor, and engaging interactions with C-level attendees.
Three Days of Crucial Business-Building Knowledge:
- Emerging Trends in Indian iGaming
- Investment and Growth Potential in the India
- Affiliate Marketing Strategies
- Optimised User-Centric Approaches
- Designing for Success & the Significance of UX/UI
- Skill-Based Gaming in India: Regulating, Innovating, and Responsible Gaming
- Payment Innovations: Cryptocurrencies, Digital Wallets, UPI and More
- Data Analytics in iGaming Operations
- Navigating GST Challenges
- Market Dynamics and Growth Trends: Local vs Global
- Cutting-Edge Regulatory Tech for Compliance
- The Need for Localisation in Game Development
Why Attend SPiCE India 2024?
Hosted at the luxurious Goa Marriott Resort & Spa, SPiCE India 2024 promises a wealth of global insights and face-to-face connections. With top-tier experts from all walks of life, attendees can indulge in five-star accommodation while exploring the offerings of a thriving and progressive emerging market.
Don't Miss ‘SPiCE’y Event Highlights:
Day One (27 February 2024): * Affiliate Day * SP'iCE' Breaker Pre-Event Networking Reception
Day Two (28 February 2024): * SPiCE India Conference & Expo * SPiCE India Eventus Awards & SPiCE Party
Day Three (29 February 2024): * SPiCE India Conference & Expo * EUR150 Buy-in SPiCE It Up Poker Tournament
Travel, Explore and Expand with SPiCE Series 2024!
Embark on a year-round journey and discover hot business potential with the SPiCE Series 2024. Experience world-class events in India, Sri Lanka, the Philippines, and the UAE, each meticulously designed to spotlight emerging markets in Asia and the Middle East. Travel the world, gather profound insights, and gain a competitive edge by strengthening your network across the global iGaming industry.
Circle the Dates: Explore Upcoming Series Events
SPiCE India 2024
27 - 29 February 2024 | Goa, India
https://www.sportsbettingevents.com/spice-india
SPiCE Sri Lanka 2024
24 - 26 July 2024 | Colombo, Sri Lanka
https://www.sportsbettingevents.com/spice-sri-lanka
SPiCE Philippines 2024
25 - 27 September 2024 | Cebu, Philippines
https://www.sportsbettingevents.com/spice-philippines
SPiCE International 2024
20 - 22 November 2024 | Dubai, UAE
https://www.sportsbettingevents.com/spice-international
Quelle: Eventus International Limited