India's Mobile Gaming Market Gains Momentum, Fueled by Growing User Base and Increasing Funding from Investors

The gaming industry in India is experiencing significant growth in terms of funding from both domestic and international investors. The increase of 380% over 2019 and 23% over 2020 suggests that the industry is gaining momentum and attracting more capital.

This growth in funding could be attributed to several factors, including the increasing popularity of gaming in India, the growth of the mobile gaming market, and the emergence of new gaming companies in the country.
India's mobile gaming market has been growing rapidly in recent years, with an estimated user base of over 300 million as of 2021. This growth can be attributed to several factors, including the increasing availability of affordable smartphones and internet connectivity, the rise of local game developers, and the popularity of games that are tailored to Indian cultural preferences.

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► Positioning in Global Markets
However, while India's mobile gaming market is large in terms of users, its contribution to global mobile gaming revenue is relatively low. In 2020, India's mobile gaming market generated USD 177 million more revenue as compared to a year ago, which is significantly lower than the revenue generated by leading countries such as China, the United States, and Japan.

There are several reasons for this disparity in revenue. One major factor is the relatively low spending power of Indian consumers compared to consumers in other countries. Additionally, a significant portion of India's mobile gaming market is dominated by free-to-play games, which generate revenue through in-app purchases rather than upfront fees.

However, despite the relatively low revenue, India's mobile gaming market is expected to continue growing in the coming years, driven by factors such as the increasing availability of 5G connectivity and the rising popularity of e-sports.

► Gaming Content Market Witnessing Boom
The increasing popularity of mobile gaming in India has led to a significant growth in the game development industry in the country. In recent years, there has been a surge in the number of game development studios in India, and many of them are creating high-quality games across various genres. The game development market in India is still in its early stages, but it has a lot of potential for growth. The Indian game development industry is gaining recognition globally, and many international publishers are now partnering with Indian studios to create games.
One of the main advantages of the Indian game development industry is the availability of a large pool of talented and skilled developers. The country has a thriving IT industry, which has created a highly skilled workforce that is well-versed in programming, game design, and other related fields.

Another advantage of the Indian game development industry is the relatively low cost of development. Game development in India is significantly cheaper than in other countries such as the United States, Europe, or Japan. This means that Indian game developers can create high-quality games at a lower cost, making it easier for them to compete in the global market.

In conclusion, the game development industry in India is growing rapidly, and with the availability of a large pool of talented developers, lower development costs, and increasing popularity of mobile gaming in the country, the industry has a lot of potential for growth in the future.

► Expansion of Digital Payment Infrastructure
The increase in game downloads and online gaming in India has been facilitated by the improved availability of affordable data and the encouragement of players to discover, download, and play more games on their phones. This has led to an increase in game monetization as consumers are more likely to pay and spend real money on online gaming platforms.

The development of digital payment infrastructure in India, such as the Unified Payments Interface (UPI), has also played a significant role in the growth of the online gaming industry. This has made it easier for consumers to make payments for in-game purchases and subscriptions, leading to increased revenue for game developers.

In 2022, the real money gaming segment in India expanded along with the esports and gaming sectors. The fantasy sports sector, in particular, saw significant growth during the year due to major sporting events such as the FIFA World Cup, T20 World Cup, and IPL. These events provided a platform for fantasy sports platforms to attract more users and generate more revenue.

Overall, the growth of the online gaming industry in India is expected to continue in the coming years, driven by factors such as the increasing availability of affordable smartphones and data, the development of digital payment infrastructure, and the rise of esports and real money gaming.

► Research Report Scope
This is an informative study on the mobile gaming market in India. We have covered 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.

Find out more:- India Mobile Gaming Market Size and Future Outlook (2018-2028)
https://www.makreo.com/report/india-mobile-gaming-market-size-future-outlook-2018-2028

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

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

■ Country Assessed India:
Competitive Landscape
• Mergers & Acquisitions
• Investments
• Start-ups

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This release was published on openPR.