Go Back   ManagementParadise.com | Management & Business Education Learning Platform Mirror View - Ebooks Links & Miscellenous Reading Material > Articles !!

Online gaming to grow by 5,000 pc

Discuss Online gaming to grow by 5,000 pc within the Articles !! forums, part of the Mirror View - Ebooks Links & Miscellenous Reading Material category; ...

Reply

 

Thread Tools Display Modes
Online gaming to grow by 5,000 pc
Old
 (1 (permalink))
Melroy Lopes
melroy88 is a glorious beacon of lightmelroy88 is a glorious beacon of lightmelroy88 is a glorious beacon of lightmelroy88 is a glorious beacon of lightmelroy88 is a glorious beacon of light
 
melroy88
CEO/FOUNDER at Digital Marketing Step
Management Paradise Addict
Status: Offline
Posts: 1,740
Join Date: Aug 2006
Arrow Online gaming to grow by 5,000 pc - May 11th, 2007

Online gaming to grow by 5,000 pc


[IMG]http://cms.mumbaimirror.com/portalfiles/1/5/200704/Image/010507/B_3.jpg[/IMG
]

The online gaming industry is in for a really, really good time if the findings of a research firm are to be believed. In fact Ormax, the firm which conducted the survey for internal study at an online gaming company launched recently by one of the largest corporate houses in the country, came up with some unbelievable projections.
The firm is bullish on the fast booming online gaming industry’s size to reach to Rs 900 crore by 2010 from the current size of just Rs 20 crore, as projected by a study. No wonder then that so many new portals, dedicated to online gaming, are joining the bandwagon.

Vispy Doctor, Managing Director of Ormax, told Mumbai Mirror, “No doubt, the industry is booming. And it will continue as the market dynamics are changing. The industry has overcome issues like cost of computers and Internet connectivity which will largely favour online gaming.”

It’s all about addiction

According to him, the survey studied an age-group of 8-23 in five cities. “We found that online gaming is rapidly becoming an addiction,” he said, adding that there are many reasons to believe the industry targets.

“Firstly, the cost of online gaming is falling. One can now have a monthly subscription for a game from Rs 100 onwards. Though there are different sources for computer games available like borrowing a computer game from a friend or downloading the same. But online games like Second Life have remained a special experience and many more such innovative games are coming into the market,” Doctor said.

Then there is the ever-falling cost of broadband which is widening opportunities further. But Doctor warned that there are challenges too, “Foremost among these are creating awareness on gaming portals which is the biggest challenge,” said Doctor.
Advertisements



Keep contributing. Help Others and Help Yourself.
Friends: (20)
Reply With Quote
Reply

Bookmarks

Tags
000, gaming, grow, online
Related to Online gaming to grow by 5,000 pc
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
The Sensex story: 1,000 to 14,000! vengabeats Stock Markets Tips & Gyan !! 1 December 5th, 2006 10:24 PM
Booming Sensex: From 1,000 to 13,000! vengabeats Stock Markets Tips & Gyan !! 1 November 9th, 2006 11:11 PM
The Sensex journey: From 1,000 to 12,000! vengabeats Stock Markets Tips & Gyan !! 3 October 15th, 2006 08:36 PM
From 10,000 to 11,000 in mere 29 trading sessions vengabeats Articles !! 1 March 22nd, 2006 12:43 AM
The Sensex journey: 1,000 to 10,000! vengabeats Stock Markets Tips & Gyan !! 2 February 6th, 2006 09:08 PM
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off


ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.



Search Engine Optimization by vBSEO ©2011, Crawlability, Inc.