India's Gaming Market Poised for Exponential Growth

The India's Gaming Market is on a remarkable growth trajectory, driven by widespread smartphone adoption, affordable internet access, and a tech-savvy youth population. Valued at approximately USD 1.54 billion in 2023, the market is projected to reach nearly USD 8.92 billion by 2030, exhibiting a robust Compound Annual Growth Rate (CAGR) of 28.5% during the forecast period.

Competitive Landscape

India's gaming ecosystem has witnessed a surge in both players and studios. The number of gaming studios has escalated from 15 in 2009 to 275 in 2022, indicating a thriving development environment. Mobile gaming dominates the market, attracting a vast developer community. The burgeoning e-sports sector is also creating new opportunities and expanding viewership, contributing to the industry's dynamism.

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Regional Demand Trends

The proliferation of affordable smartphones and internet services has democratized gaming access across India's diverse regions. Urban areas continue to be significant markets; however, rural regions are emerging as new growth frontiers, driven by increasing digital literacy and connectivity. This widespread accessibility is fostering a diverse and expansive gaming community nationwide.

Mergers and Acquisitions

The Indian gaming industry is experiencing heightened investment activities, with venture capitalists fueling ambitious projects. This influx of capital is fostering innovation, leading to the development of diverse game genres and platforms. The trend of mergers and acquisitions is contributing to market consolidation, enabling companies to expand their portfolios and enhance technological capabilities.

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Market Segmentation: In-Depth Analysis:

by Type

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

Depending on the Type of Game Casual games are predicted to have the biggest revenue share of the market over the projected period and dominated the game type segment in 2022. Throughout the projection period, Real Money Games are anticipated to expand at a noteworthy compound annual growth rate (CAGR) of 5.6%. By 2030, the number of users is predicted to rise from 433 million to 657 million, a more than 50% increase. Online fantasy sports, where players create fantasy teams and win money based on points earned; e-sports, which are professional gaming competitions where players compete for prize money; and casual games, where players play to kill time; and real-money games, where players wager real money in online games.

by Category

Action
Shooter
Role-Playing
Sports
Others

With the largest share of 25% in 2023, the Action sector led the Indian gaming market by category. At the conclusion of the forecast period, the sector is anticipated to continue to dominate the market and grow at a compound annual growth rate (CAGR) of 6.8%. With a variety of subgenres like first-person shooter, battle royale, and hack-and-slash, action games captivate thrill-seekers with their heart-pounding adrenaline. Games like Call of Duty Mobile and PUBG Mobile, which are tailored for mobile devices in India, are popular among sports fans. Social aspects that improve player experiences and community building include leaderboards and multiplayer. PUBG Mobile, Call of Duty Mobile, Free Fire, Apex Legends Mobile, and the Grand Theft Auto series are among the most popular games.

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Learn about the top players driving innovation in the Market :

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.

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