How is the gaming industry in India?

In 2019, the online gaming market in India was estimated at ₹6,200 crore (US$810 million) with an estimated 300 million gamers, a 41.6% increase from 2018. As of 2021, it is one of the top five mobile gaming markets in the world. The industry is projected to reach 510 million gamers by 2022.

Is gaming industry good in India?

India is not among the top revenue generators for the mobile game market in the world. The average spend by India players is much lower than in other countries. However, it is still seen as a high-potential market from a revenue perspective. Revenue in the mobile games segment is projected to reach $3.83bn in 2022.

Is Indian gaming industry growing?

Presently, India is expected to become one of the world's leading markets in the gaming industry. Growing steadily for the last five years, it is expected to treble in value and reach $3.9 billion by 2025, states the KPMG report. The total number of online gamers grew 8% from 360 million in 2020 to 390 million in 2021.

What is the current value of the gaming industry in India?

The market value of India's gaming industry was around 90 billion Indian rupees in financial year 2020. This was estimated to go up to over 143 billion rupees by 2022.

Is there any future in gaming in India?

According to a 2021 report published by VC firm Sequoia and management consulting company BCG, India's mobile gaming sector will grow from 1.5 billion dollars in revenue in 2020 to 5 billion dollars by 2025.

Gravitas Plus: The Gaming Industry

How many gamers are in India?

India is spending more on mobile, PC and console games than a year ago, according to a March 21 report by EY and FICCI, which claims that the number of paying gamers in India increased by 17% from 80 million in 2020 to 95 million in 2021.

How many gaming companies are there in India?

There are 275+ gaming companies and 15,000+ game developers in India. India is a mobile-first gaming market, with around 303 million mobile gamers. Globally, India ranks amongst the top five mobile gaming markets. Between 2010-2020, fundraising in the Indian gaming sector grew at a CAGR of 38%.

What is the future of gaming industry in India?

According to the report by Sequoia India and BCG, while the gaming industry in India is currently smaller than that in the US and China and accounts for 1% of the global gaming market, it is generating $1.5 billion in revenue and is expected to triple to over $5 billion by 2025 on the back of the "mobile-first" ...

What is the future of gaming companies in India?

According to a 2021 report published by VC firm Sequoia and management consulting company BCG, India's mobile gaming sector will grow from 1.5 billion dollars in revenue in 2020 to 5 billion dollars by 2025.

Is gaming a big industry?

The video game sector is immensely large. In fact, it is larger than the movie and music industries combined, and it is only growing. Though it doesn't get the same attention that the movie and music industry does, there are over two billion gamers across the world. That is 26% of the world's population.

How has gaming affected Indian country?

Gaming can be extremely successful because it stimulates the economy, increases tourism to reservations, reduces unemployment, raises incomes, and increases tribal independence while reducing dependence upon the United States welfare state.

What is the size of gaming industry in India?

The online gaming industry across India was valued at around 79 billion Indian rupees in the year 2021, marking a leap from about 65 billion rupees in the previous year. The sector was expected to be worth over 150 billion Indian rupees by 2024, indicating a compound annual growth of around 15 percent.

Is online gaming legal in India?

The recently proposed Online Gaming (Regulation) Bill, 2022, a private member bill, is a step towards introducing a regulatory system for online gaming to maintain integrity in the ambit of online gaming. However, this bill might fail to curb illegal online gaming because of its regressive nature.

How Good Is gaming industry?

The game industry is growing in revenue at every year, in 2017 revenues were expected to reach 108.9bn around the world. Naturally, new studios are emerging at a fast pace (check Gamedevmap.com website to get a full list of game studios around the world) on the promise of remaining lucrative for the following years.

Does gaming have a future?

By 2024, Newzoo's Global Games Market Report 2021 predicts that the games industry will hit $218.7 billion with a sustained growth of 8.7% per year. The number of gamers also continues to increase. According to Newzoo, the number of gamers worldwide in 2021 was up 5.3% year on year, with around 3 billion gamers.

How many gaming cafes are there in India?

According to a report published by Nvidia in 2017, India has an estimated 350 gaming cafes across the country, with the potential to add at least 4,000 cafes to this number.

Is online gaming banned in India?

In spite of this judgement, in the recent past some States like Telangana, Andhra Pradesh, Kerala and Karnataka, have sought to prohibit games of skills. However, High Courts of Karnataka⁵, Tamil Nadu⁶ and Kerala⁷, have struck down such amendments to legislations banning online skill gaming as unconstitutional.

Is Esports a sport in India?

“In India, esports still lacks government recognition as a sport, even though it's included in this year's Asian Games as a proper medal event and pilot event at Commonwealth Games, Birmingham 2022.

Why is MPL not on Play Store?

MPL said that the app was removed due to technical issues specific to Google's developer policies. Popular e-Sports platform Mobile Premier League (MPL) is currently not available on Google Play Store. The application, however, is available on Apple's App Store.

Why is gaming not popular in India?

There are a few obvious points why gaming is not popular in India. Price of console/PC: One of the main reasons. People here love to buy a million dollar car for the sake of collecting, but not a 1 lakh rupee PC because it is very much required for future generation work and entertainment.

Who is best gamer in India?

Where are most gamers in India?

Gamers grew by 123 percent, 179 percent, and 52 percent in Siwan (Bihar), Baimanagoi (Chattisgarh), and Sri Ganganagar (Rajasthan), respectively. New gamers have flocked to small places like Alwar (Rajasthan), Muzaffarpur (Bihar), Dhanbad (Jharkhand), and Palanpur (Gujarat).