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India Online Poker and Rummy Market Overview:
Online poker and rummy both are card games played online mainly by Indian people. Poker refers to the family of card games and involves betting and individual play, and the winner declared by the combinations of its cards and his/her ranks. Rummy is a game of matching cards notable for similar gameplay based on the same level of sequence.
India Online Poker and Rummy Market Insights
The India online poker and rummy market has the potential to grow with USD 22.2 billion with historical CAGR in the forecast period from 2020-2027. The market demand for the online poker and rummy market is emerging due to the increasing disposable income, convenient mode of payment, hassle-free transaction, changing technology, and bolstering demand for the online gaming market in India.
The online poker industry falls under the category of real money gaming umbrella, and India truly has embraced the digital medium-well. The industry is worth Rs 400 crores at present. It has a significant source of trading and earning in India, with several entities enthusiastically exploring and investing in the online poker space.
At present, there are more than 3 million active poker players in India, and this number will tremendously increase in the forecast period. It is mainly due to the changing dynamics of the Indian online poker industry, and international businesses have started looking for opportunities to join hands with Indian startups. The reason is active participation and rapidly growing users at the exponential rate annually.
Moreover, rummy is a card game that is played in many parts of India. It incarcerates an essential role among Indians. The Indian game of rummy consists of 13 card variants whose purpose is to merge the cards into sets and sequences. The opposite online fellow of rummy offers a convenient gaming experience compared to the conventional rummy gaming method. In online rummy, players can log in from any location at any time and play the game.
Furthermore, with the advent of rising technology, it becomes easy for people to play rummy online. It is coupled with the emerging disposable income that allows them to afford smartphones that support online gaming sites and internet data packs that are too cheap. The availability and affordability of technology have driven the skill-gaming industry and fueled the market share for online poker and rummy market. Other factors contributing to the steady growth in gaming platforms’ revenues are an emerging number of active monthly gamers.
Growth Driver
Increasing Online Gaming Market
The online gaming market in India is rising due to technology adoption and rising disposable income. The rapid growth of the gaming industry, especially real gold games, is upending everyone’s imagination. Young Indian Internet users who have just had smartphones are swarming to significant gaming platforms.
Rising Popularization of E-wallets
With the decrease in traffic prices and the popularization of e-wallets and other digital payment methods, the number of Indian mobile game players is increasing, and many people want to make some money from it. The rapid development of the mobile game industry is attracting more and more investors. Real gold games usually include fantasy sports, rummy cards, poker, and other technical tournaments.
By Type Segmental Analysis
Based on the type, the India online poker and rummy market bifurcated into Poker, Rummy. The poker segment accounted for the largest share in the India online poker and rummy market. It is mainly due to the advantage of the gamer as online poker can be played 24/7, and it is convenient to play sitting anywhere around the world. Also, the player can play the game as a long or short time, and other advantages of the online poker include low rake and policy of poker rake defined on the website and software. Moreover, with the prevalence of the internet, the adoption of smartphones, laptops, and other smart gadgets, online poker can play easily.
By Platform Type Segmental Analysis
Based on the platform type, the India online poker and rummy market classified into Mobile App, Website. The mobile app segment is estimated to account for the largest share of the India online poker and rummy market in the forecast period. It is mainly due to the availability of internet packaging and the adoption of smartphones and the emerging online gamer market. The mobile apps are growing as gamers are majorly using their phones for playing games as it gives them the convenience to play at any time anywhere by downloading the app on smartphones.
By Payment Type Segmental Analysis
Based on the payment type, India’s online poker and rummy market classified into Credit Card/Debit Card, Wallet, and Bank Transfer. The e-wallets segment has dominated the largest share in the India online poker and rummy market. The e-wallets are the most common payment method use for playing online games as the transfer of money, depositing, and withdrawing money can be done in the most possible fastest manner. Moreover, e-wallets are the most secured way of transferring money as it protects the financial data and provides comfort to the user. Therefore, e-wallets are propelling the market demand for online poker and rummy market in India.
By Region Segmental Analysis
Based on geography, the India online poker and rummy market segmented into North, South, East, West. South India region is dominating the market share of the India online poker and rummy market. It is mainly due to the major players of online poker, and rummy players are from goa and, thus, contribute to India’s largest share of the online gaming market. Also, Sikkim in North India provides to the second largest online poker and rummy gaming market.
Competitor Analysis
Companies such as Royal Panda Casino, Betway Casino, LeoVegas AB, Jackpot City Casino, PokerStars, Adda 52, Khelo365, Spartan Poker, PokerBaazi, Ace2three, and others are key players in the India online poker and rummy market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- India online poker and rummy service companies
- Research organizations and consulting companies’ online poker and rummy
- Regulatory bodies
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The objective of the Research
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- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type
- Poker
- Rummy
By Payment Type
- Credit Card/Debit Card
- Wallet
- Bank transfer
By Platform Type
- Mobile App
- Website
By Region
- North
- South
- East
- West