With CAGR of 15.8%, India Gaming Market to Reach US$ 14.1 Billion by 2032

IMARC Group, a leading market research company, has recently releases report titled "India Gaming Market Report by Device Type (Consoles, Mobiles and Tablets, Computers), Platform (Online, Offline), Revenue Type (In-Game Purchase, Game Purchase, Advertising), Type (Adventure/Role Playing Games, Puzzles, Social Games, Strategy, Simulation, and Others), Age Group (Adult, Children), and Region 2024-2032". The India gaming market size reached US$ 3.68 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.1 Billion by 2032, exhibiting a growth rate (CAGR) of 15.8% during 2024-2032.

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The increasing use of smartphones and affordable internet connectivity, which have made gaming more accessible to a broader audience, is primarily driving the growth of the India gaming market. Additionally, the rising number of affordable data plans is acting as another significant growth-inducing factor. Besides this, the growing popularity of esports and online gaming tournaments has attracted significant investments and sponsorships, further propelling the market growth. Additionally, continuous mobile gaming launches are positively impacting the market growth. Moreover, the COVID-19 pandemic has played a pivotal role in accelerating the adoption of gaming as a popular form of entertainment and social interaction, leading to a notable growth in user engagement and in-game spending.

India Gaming Market Trends:

Emerging trends in the India gaming market include the integration of cutting-edge technologies, such as virtual reality (VR) and augmented reality (AR), enhancing the gaming experience and drawing more users. Moreover, the increasing development of localized and culturally relevant content is also gaining traction, catering to the diverse preferences of Indian gamers. Furthermore, the expansion of the gaming ecosystem with the entry of international gaming companies and the growth of indigenous game developers are fostering innovation and competition.

Besides this, the rising younger population, which is more inclined to online games and sports, along with the inflating spending capacities of individuals, is contributing to the market growth. Furthermore, government initiatives to promote digital literacy and support the gaming industry are also anticipated to bolster market growth, making India a significant player in the global gaming landscape over the forecasted period.

India Gaming Market Segmentation:

Breakup by Device Type:

• Consoles
• Mobiles and Tablets
• Computer

Breakup by Platform:

• Online
• Offline

Breakup by Revenue Type:

• In-Game Purchase
• Game Purchase
• Advertising

Breakup by Type:

• Adventure/Role Playing Games
• Puzzles
• Social Games
• Strategy
• Simulation
• Others

Breakup by Age Group:

• Adult
• Children

Breakup by Region:

• South India
• North India
• West & Central India
• East India

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Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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