Press release
India's Mobile Gaming Market Poised for Explosive Growth: USD 2.8 Billion Investment Surge
In the past five years, both domestic and international investors have infused approximately USD 2.8 billion into Indian gaming companies, marking a 380% increase since 2019 and a 23% growth from 2020. The mobile gaming sector, in particular, has emerged as one of the fastest-growing segments within this industry. Mobile games have become a primary source of entertainment for diverse demographics, providing potential career pathways in the gaming sector.
India's mobile gaming market has experienced remarkable growth, with around 560 million users engaging in online gaming, and over 900 gaming organizations operating within the country. Currently, mobile gaming dominates the landscape, contributing to more than 90% of the nation's gaming market.
► India Mobile Gaming Market Size and Performance
The India Mobile Gaming Market has reached impressive dimensions, showcasing resilience and adaptability. The segment is characterized by a notable 14% CAGR, with mobile gaming leading the charge. Approximately 20% of gamers are now paying users, with popular genres including pay-to-play and casual gaming. In-app purchases are anticipated to grow at an impressive rate, projected at around 35% CAGR.
► The Rise of Gaming in Tier 2 and Tier 3 Cities
A significant trend is the rapid ascent of Tier 2 and Tier 3 cities in the gaming landscape. These regions have swiftly become critical markets, fueled by enhanced internet accessibility and increasing demand for vernacular content. As developers focus on localized gaming experiences, these areas present substantial opportunities for market expansion.
► Esports World Cup Engagement in India
The recent Esports World Cup illustrated the vast potential of the gaming market in India, reaching over 10.5 million viewers. According to the Broadcast Audience Research Council (BARC), the event garnered a total consumption of 64 million minutes watched. Despite Indian players not participating this year, the impressive reach generated by social media influencers-amassing over 39 million views-highlights the burgeoning interest in esports among Indian audiences.
► A Game-Changing Tournament for the Industry
Saudi Arabia's latest Esports World Cup is poised to revolutionize competitive gaming. Featuring premier organizations and a staggering $45 million prize purse, the tournament has attracted significant attention, although it has sparked debate within the industry regarding its impact. This event not only opens doors for new partnerships and sponsorships but also raises concerns about the future of competitive gaming in India, especially given the absence of Indian players in this international arena.
► Growth in Gaming Funding and Investment in India
The mobile gaming sector in India is witnessing a substantial surge in funding, with investments growing by 380% since 2019. This influx of capital is leading to the emergence of numerous startups focused on innovative gaming solutions and enhancing user experiences. Furthermore, the expanding digital payment infrastructure is simplifying transactions for in-game purchases, thereby supporting the increasing popularity of real-money gaming and esports.
► Opportunities in India's Mobile Gaming Landscape
In summary, the India Mobile Gaming Market stands at a transformative juncture, characterized by rapid growth, evolving demographics, and a wealth of opportunities. As mobile gaming continues to captivate millions, stakeholders in the industry must remain agile and responsive to changing trends and consumer preferences to fully leverage the market's potential.
For an in-depth understanding of the India Mobile Gaming Market, access the full report from Makreo Research.
https://www.makreo.com/report/india-mobile-gaming-market-size-future-outlook-2018-2028
Makreo Research has published a comprehensive study titled, "India Mobile Gaming Market Size and Future Outlook (2018-2028)." This report delves into various factors influencing the mobile gaming landscape, including gamer demographics, age and income groups, and the broader economic impact on the gaming industry. Our balanced approach, combining qualitative and quantitative analysis, provides a holistic view of the mobile gaming market's past, present, and future growth opportunities.
Similar Related Reports:
Asia-Pacific Mobile Gaming Market - Assessment of China, Japan, South Korea and India (2018-2028)
https://www.makreo.com/report/asia-pacific-mobile-gaming-market-assessment-china-japan-south-korea-india
Mobile Gaming Market Report (2018-2028)- Global Trends and Forecast by Source, Gamers Population, Expenditure on Gaming, and Regional Break-Up
https://www.makreo.com/report/mobile-gaming-market-report-2023-2028
Makreo Research and Consulting
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Contact us at:
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Phone Number
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Email Address
info@makreo.com
Makreo Research is a leading market research and consulting firm based in India, specializing in Syndicated Research, Custom Research, Consulting, and Market Surveys. With expertise in navigating complex market dynamics, we empower businesses to achieve success. Our services span a wide range of industries and geographies, including North America, LATAM, Europe, Asia-Pacific, Oceania, MENA, and more.
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