According to the CMI Intelligence team, the India online poker market size is expected to grow due to the increasing number of cellular connections linked to smartphones. Recent statistics indicate that smartphones now comprise approximately 80% of the mobile phones in use globally, indicating a surge in the number of smartphone users. This trend is anticipated to fuel the growth of the online poker industry in India.
Browse the full “India Online Poker Market Size, Trends and Insights By Device Type (Mobile, Desktop), By End-User (Gambling Enthusiasts, Dabblers, Social Exuberant), and By Region – Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” report at https://www.custommarketinsights.com/report/india-online-poker-market/
The India online poker market is a dynamic industry that is constantly evolving due to various internal and external factors. Here are some of the key dynamics that are driving the growth of the industry:
- Increasing Internet penetration: With the rise in internet penetration and the availability of high-speed internet, more people are accessing online poker platforms in India. This has resulted in a surge in demand for online poker games and tournaments, leading to the growth of the industry.
- The growing use of smartphones: The increasing use of smartphones, particularly among the younger population, has contributed to the growth of the India online poker market. The ease of access and convenience of playing poker games on smartphones has made it a popular form of entertainment.
- Expansion of online payment systems: The expansion of online payment systems in India has made it easier for players to deposit and withdraw money on online poker platforms. This has led to an increase in the number of players using these platforms and has contributed to the growth of the industry.
- Supportive regulatory environment: The Indian government has adopted a supportive regulatory environment for the online gaming industry, which has led to the growth of the India online poker market. Regulations such as the Public Gambling Act, of 1867, allow online gaming platforms to operate legally in India.
- Increasing competition: The India online poker market is highly competitive, with several major players vying for market share. This has led to an increase in innovation, with platforms offering new games, features, and promotions to attract and retain players.
|Feature of the Report||Details|
|Market Size in 2023||USD 115.1 Billion|
|Projected Market Size in 2030||USD 346 Billion|
|Market Size in 2022||USD 82.11 Billion|
|CAGR Growth Rate||16.9% CAGR (2022-2030)|
|Key Segment||By Device Type, By End-User, By Platform and by Regions|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North India, West and Central India, South India, East India|
|Buying Options||Request tailored purchasing options to fulfil your requirements for research.|
India Online Poker Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the India online poker market, both in terms of the challenges faced by the industry and the opportunities it has presented. Here are some of the key COVID-19 related impacts on the India online poker market:
Increase in online gaming: Due to lockdowns and social distancing measures, there has been a significant increase in the number of people playing online poker games in India. With people spending more time at home, online gaming has become a popular form of entertainment, leading to an increase in demand for online poker platforms.
The shift in player demographics: The pandemic has led to a shift in the demographics of online poker players in India. With more people working from home, there has been an increase in the number of working professionals playing online poker during their free time.
Growth in online tournaments: With live poker events being cancelled or postponed due to the pandemic, there has been a significant increase in the number of online poker tournaments in India. This has led to an increase in prize pools and player participation, further driving the growth of the industry.
Challenges faced by the industry: Despite the growth opportunities presented by the pandemic, the India online poker market has also faced several challenges. These include disruptions to the supply chain, logistical issues, and delays in regulatory approvals.
List of the prominent players in the India Online Poker Market:
- The 888 Group
- Ignition Casino
- Tencent, Playtika LTD
- Zynga Inc.
- Arkadium, Baazi Games
- Quadrific Media Pvt Ltd.
- BLITZ POKER
- Americas Cardroom
- Every game
- True Poker
- Juicy Stakes
The India Online Poker market is segmented as follows:
By Device Type
- Gaming Console
- Arcade Games
- Gambling Enthusiasts
- Social Exuberant
- Gaming Console
- Arcade Games
- North India
- West and Central India
- South India
- East India