{"id":1267,"date":"2020-10-06T11:14:19","date_gmt":"2020-10-06T11:14:19","guid":{"rendered":"https:\/\/thecolourmoon.com\/blog\/?p=1267"},"modified":"2024-05-17T06:47:23","modified_gmt":"2024-05-17T06:47:23","slug":"game-development-company-in-andhra-pradesh-and-telangana","status":"publish","type":"post","link":"https:\/\/thecolourmoon.com\/blog\/game-development-company-in-andhra-pradesh-and-telangana\/","title":{"rendered":"Game Development Company in Andhra Pradesh and Telangana 2024"},"content":{"rendered":"\n

Digital games have come a long way since their first release. In fact, the first PC game \u2018SpaceWar\u2019, was built in 1962. That is almost 60 years ago! The global market for games was valued at a whopping USD 151.55 billion in 2019 and reports suggest that it is expected to reach a value of nearly USD 266 billion by 2025. Mobile gaming<\/a> has almost 50% of the gaming market share with USD 70 billion global business. 50% of all mobile app users throughout the world play games with 74% of the players spending money on in-app purchases. <\/p>\n\n\n\n

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India has its fair share of revenues from the gaming market.  There are 63 crore gamers in India with a market value of Rs 7,500 crore and a Year on Year profit increase of 10.5%.   Factors such as the young population (75% of the Indian population is under 45) and easy internet access (as of 2020, more than 70 crore Indians have access to the internet) plays a vital role in the overall success of the gaming industry in India.<\/p>\n\n\n\n

Over the years, modern games have progressively become increasingly user engaging, easily accessible & downloadable, and, more importantly, fun to play. The overwhelming success and acceptance of the video game renaissance have brought enormous amounts of profits for many companies and private individuals. <\/p>\n\n\n\n

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