India Mobile Gaming Industry: Exploring the Rapid Growth, Potential, and Future Opportunities

India is one of the rapidly growing gaming market in the world, even though India accounts for only 1% of the global gaming market. India's proportion of new paying users (NPUs) in gaming has indeed grown at a rapid rate in recent years. According to a report by App Annie, a mobile data and analytics platform, India's share of new paying users in gaming increased from 40% in 2020 to 50% in 2021, making it the fastest-growing market in the world.

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► Rapidly Expanding Gaming Population
India, where 560 million people play online games, has over 900+ gaming organizations. At the moment, mobile gaming rules the industry, accounting for more than 90% of the nation's gaming market. The Pandemic helped India's gaming industry, and now more people are eager to pay to play. Analysts estimate that over 24 million more Indians are joining the market for payment-linked gaming.

► Market Performance
In 2020, the market witnessed rapid growth owing to COVID-19 limitations and lockdown which resulted in online learning and work-from-home opportunities, and the rising acceptance of digital payments helped to fuel the increase in demand for online gaming. Furthermore, Growth in the gaming business led to an increase in investments to keep up with demand. Due of the potential for profitability, tech companies began showing an interest in it as well.

For the calendar year 2022, Indian gaming companies were on a target to raise USD 513 million. Financing for the gaming industry has increased by 23% from 2020 and by 380% from 2019.

Tier 2 and Tier 3 cities have quickly risen to the top
Uttar Pradesh has become the top location for mobile gamers, followed by Maharashtra, Rajasthan, Bihar, and West Bengal. The states with the greatest increases in mobile gamers between 2021 and 2022 were Orissa, Punjab, Tamil Nadu, Puducherry, and Himachal Pradesh. Pune is the top gaming city in Maharashtra, which comes in second.

► Increasing Collaboration & Partnership Advertisement:
To take full advantage of this expanding market, top brands and advertisers are working with eSports platforms and competitions. LetsGameNow and Flipkart worked together to create the Pro Gaming Showdown Competition in 2020, and NODWIN Gaming and Airtel joined together to create the Airtel India Esports Tour, a national ranking and honors programme for Indian esports competitors.

► Increasing Number of Startups:
At the moment, India is home to more than 900 gaming start-ups, with Mumbai serving as the headquarters for the major companies in this industry. Dream11, Nazara Technologies, and Halaplay are a few of the market leaders. The first triple-A game in the nation, Mumbai Gullies, is being developed by GameEon Studios with recent funding of USD 320,000.

► Scope of the India Mobile Gaming Market Report
This is an informative study on the mobile gaming market in India. The report discusses a wide range of factors in our evaluation, including the number and types of gamers, age and income groups, and the impact of the country's economy on the gaming market.

Additionally, the focus on both qualitative and quantitative factors suggests our well-rounded approach to analysis. This provides readers with a more complete understanding of the mobile gaming market in India, including its past and present performance, as well as potential growth opportunities in the future.

The assessment of the pre- and post-COVID scenarios is also particularly noteworthy, as the pandemic has had a significant impact on the gaming industry as a whole, with many people turning to mobile games for entertainment during lockdowns. Overall, this study could be a valuable resource for anyone interested in understanding the mobile gaming market in India and its potential for growth in the future.

► Period of Study:
2018-2022 : Past and Present Scenario
2023-2028 : Forecast

► Market Assessment: The report examines opportunity for the mobile gaming market in India on various grounds including, market revenue, India's share in global gaming market, investments in gaming, gamers population by game type, number of gaming companies, government regulations and many other.

► Country Assessed: India

► Competitive Landscape:
• Mergers & Acquisitions
• Investments
• Start-ups

► To know more:-
https://www.makreo.com/report/india-mobile-gaming-market-size-future-outlook-2018-2028

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https://www.makreo.com/report/china-mobile-gaming-market-size-forecast

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This release was published on openPR.