Technology has played a vital role in the transformation of each and every industry and one such shining example of the disruption that technology can bring about is, the Gaming sector!As per the IMARC report, the global gaming market size reached US$ 202.7 Billion in 2022 and is expected to reach US$ 343.6 Billion by 2028, exhibiting a growth rate (CAGR) of 9.08% during 2023-2028.
India has about 420 million active online gamers and a huge part of the native population aged between 15-35 years, making India a thriving market and the fastest growing one for the gaming sector globally. Today, India has more than 400 gaming companies and 420 million online gamers, second only to China.
This steep growth of the sector globally is largely influenced by the easy and affordable accessibility to smartphones and internet, huge infrastructure and device upgrade and leveraging the emerging technology. The entire narrative of gaming has shifted using technology leading to better interface, immersive experience, better learning format and enhanced digital security especially during payments and to wallets. So essentially, for a better gaming experience we need better and innovative gaming gadgets and here Taiwan’s innovative technology comes into play.
Taiwan Excellence, set up by Taiwan’s Bureau of Foreign Trade (BOFT), Ministry of Economic Affairs in 1993, comes to mind, as a body committed towards ensuring that the world gets to explore cutting-edge technology from Taiwan. They select and recognize products with an innovative edge every year by strictly evaluating them on the parameters of R&D”, “Design”, “Quality” and “Marketing”. Taiwan Excellence is Taiwan’s proposition to the world on how to live an innovative life. Building on the values of empathy, dependability, excellence, and innovation, Taiwan Excellence highlights domestic products as well as capabilities to paint a creative image for Taiwanese businesses worldwide.
Some of the high-end innovative product upgrades via Taiwan Excellence which is enhancing the gaming immersive experience are:
The global gaming market size is anticipated to reach USD 504.29 billion by 2030, according to a new report published by Grand View Research, Inc. Lucrative features, such as high-end displays and sound systems designed to provide an improved and enriched experience to gamers, are anticipated to drive the growth. Gamers don’t just look at gaming as leisure but are interested in an overall immersive experience that allows them to express themselves and also bond with fellow gamers.
Please visit https://www.facebook.com/taiwanexcellence.in/ for more information.
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