Indias mobile gaming market will reach USD 400 million by 2022
Posted on: 06/Feb/2017 11:53:36 AM
According to the CII-TechSci Research report, revenues from mobile-based gaming stood at USD 265.8 million last year and is forecast to touch USD 286.2 million in 2017. The number of mobile gamers in the country is also expected to grow substantially from 198 million in 2015 to 628 million by 2020 and further to 1.16 billion by 2030.
The report says, Gaming industry in India has witnessed a shift from console gaming to mobile gaming, with growth and improvement of wireless connectivity in the country. Ease of playing mobile games coupled with rising mobile phone subscribers has fuelled growth of mobile gaming in India over the last few years. Increasing number of mobile internet users, coupled with development of new and advanced games, has also boosted mobile gaming market in the country. In 2016, India accounted for a share of 0.55 per cent of the global gaming industry and this is anticipated to grow significantly over the next five years, on account of macroeconomic factors such as improving demographics, rising disposable income, changing gaming preferences of the consumers, etc. Moreover, increasing focus of gaming companies towards Augmented Reality (AR) and Virtual Reality (VR) related games in the country is expected to boost India`s gaming market in coming five years. The procurement cost associated with console games is very high in the country, due to which the console gaming market in India has witnessed a sluggish growth over the past decade. Core gamers, who do not intend to move to console gaming and make additional investments, are driving computer gaming industry in the country.
