The online gaming industry has seen significant transformation, despite ongoing hurdles in the regulatory landscape, ecosystem limitations, and varying purchasing power. The key drivers of this transformation include increased investment from venture capital firms in local startups, the widespread use of smartphones, affordable data rates, and the adoption of UPI and digital payment methods.
Technological advancements, such as cloud computing, artificial intelligence, machine learning, virtual reality, web3, and blockchain have further enhanced the gaming experience, making it more immersive, life-like, and enjoyable.
However, like any emerging industry, the gaming sector is confronted with various challenges, including taxation and regulatory issues. At Grant Thornton Bharat, we are uniquely positioned to accompany you on your growth journey and help you navigate and resolve these challenges effectively.