India Gaming Market - Unveiling Growth Prospects and Market Dynamics

Market Values:

The India Gaming Market, valued at USD 1.54 Billion in 2023, is set to undergo a remarkable growth trajectory with a projected CAGR of 28.5% from 2024 to 2030, reaching nearly USD 8.92 Billion by 2030.

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Report Scope:

This comprehensive report explores the vibrant landscape of the India Gaming Market, covering market dynamics, key drivers, challenges, and regional insights. The research methodology employed ensures accurate and insightful findings.

Research Methodology:

The report employs a robust research methodology, offering a clear understanding of market trends and dynamics. Stakeholders can request a free sample report to delve into the intricacies of the research methodology.

Market Overview:

India's gaming market, fueled by widespread smartphone use, affordable internet access, and a tech-savvy youth demographic, presents substantial growth potential. The report underscores the market's economic, social, and technological impact, serving as a platform for brand marketing, innovation, and entrepreneurship.

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Drivers:

The rise in smartphone penetration, affordable internet, and a burgeoning gaming ecosystem contribute to the India Gaming Market's dynamic growth. The report highlights the socio-economic impacts, job creation, and technological advancements spurred by this thriving industry.

Restraints:

The COVID-19 pandemic has presented challenges, including disruptions in the supply chain, hardware shortages, and revenue losses. However, it also accelerated digital adoption, influencing esports growth and the emergence of new gaming genres, creating opportunities amidst the challenges.

India Gaming Market Dynamics:

Increase in Players & Studios across India: The market diversifies with new game genres, attracting a broader player base. Investment influx fuels ambitious projects, making India a gaming hub with socio-economic impacts such as job creation and skill development.

The Metaverse Revolutionizing the India Gaming Industry: The virtual realm of the metaverse stands poised to reshape India's gaming sector profoundly, integrating virtual and augmented reality. Challenges include infrastructure and regulatory frameworks, yet embracing the metaverse positions the industry for substantial growth.

Popularity of Real-Money Online Gaming: Real Money Games (RMGs) command a significant market share, presenting both promise and challenges. Responsible gaming practices, clear regulations, and collaborative efforts are imperative for steering RMGs toward sustainable growth in India.

Smartphone Penetration and Affordable Internet: The transformative duo of smartphone penetration and accessible internet has turned India into a gaming powerhouse, reaching over 600 million smartphone users. Challenges include innovative monetization and infrastructure development.

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Market Segments:

by Type

Casual Games
Real Money Games
Online Fantasy Sports
E-Sports
Others

by Category

Action
Shooter
Role-Playing
Sports
Others

In terms of category, the Action segment held the largest share of 25% in the gaming market in India in 2023. At the conclusion of the forecast period, the segment is anticipated to continue growing at a CAGR of 6.8% and to continue dominating the market. Action games, with their variety of subgenres such as first-person shooter, battle royale, and hack-and-slash, appeal to thrill-seekers with their heart-pounding excitement. Games like Call of Duty Mobile and PlayerUnknown's Basketball Mobile, which are tailored for mobile devices in India, do well in sports scenes. Social features improve player experiences and community building, such as leaderboards and multiplayer. The GTA series, Apex Legends Mobile, Free Fire, Call of Duty Mobile, and PUBG Mobile are some of the best games available. In-app purchases that provide cosmetics, weapons, season passes, and random loot systems are the main sources of income. Trendy Action games are popular among males between the ages of 15 and 35. They appeal to students and young professionals and predict future trends in social feature enhancement, sports growth, AR/VR experiences, cross-platform play, and ongoing mobile optimization. The gaming market in India is expanding during the forecast period as a result.

States Insights:

Regional segmentation covers North India, South India, East India, and West India, providing a nuanced understanding of each region's impact on the gaming market.

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Key Players :

1. Hyperlink InfoSystem
2. Sony Corporation
3. Unanimous Studios
4. Nintendo
5. Scientific Games
6. Microsoft Corporation
7. Griptonite Games
8. HData Systems
9. GSN Games
10.Nimblechapps
11.Rolocule
12.Nautilus Mobile
13.Electronic Arts
14.Timuz
15.Nazara Technologies
16.Spartan Group
17.Zensar Technologies
18.White Widget
19.TCS
20.Fgfactory
21.Scand
22.HData Systems
23.Dream 11
24.99 Games25.

Regional Insights:

The report provides a detailed analysis of regional dynamics, with a focus on North India, South India, East India, and West India. Each region's unique characteristics and contributions to the gaming market are explored.

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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