Introduction
The Indian gaming industry is expected to reach Rs 11,900 crore by 2022. Online gaming market in India is growing at a 20% CAGR. The number of casual gamers in India, aged 18 to 35, grew from 50 million to 250 million between 2014 and 2019. Mobile gaming revenue is the fastest-growing revenue stream around 70% of internet users in India will be online gamers by 2022 The number of online gamers in India is expected to grow by 25% CAGR to reach 200 million by 2022. The growth of mobile gaming industry in India will continue, with a CAGR of over 20%, reaching Rs 7500 crore in 2022.
The Indian gaming industry is expected to reach Rs 11,900 crore by 2022.
The gaming industry in India is expected to reach Rs 11,900 crore by 2022. The number of online gamers in the country has increased rapidly and the online gaming market is growing at a rapid pace.
The Indian gaming market had been estimated at around USD 1 billion (INR 7.5 billion) by 2020, according to a report published by IHS Markit’s Gaming Intelligence Service (GIS). However, it is expected that this figure will increase significantly over time as people continue investing more into their hobbies or other activities which require them staying connected with friends and family members via social media platforms like Twitter etc., while also spending money on online games such as Fortnite Battle Royale; Clash Royale; PUBG Mobile; Mobile Legends: Bang Bang! etc., ` The gaming industry in India is still in its nascent stage and has a lot of potential to grow further. According to the report, the Indian video game market was estimated at USD 1 billion (INR 7.5 billion) by 2020, with a CAGR of 27% between 2017 and 2020.
Online gaming market in India is growing at a 20% CAGR.
Online gaming market in India is growing at a 20% CAGR. In 2018, the online gaming industry in India generated revenue of $3.5 billion and it is expected to reach around $5 billion by 2022.
The reason for this growth is that more people are becoming internet savvy and there are many new players entering into this arena every year. Also, there are more smartphones being sold than PCs these days so mobile gaming apps have become popular among both gamers and non-gamers alike too!
The number of casual gamers in India, aged 18 to 35, grew from 50 million to 250 million between 2014 and 2019.
The number of casual gamers in India, aged 18 to 35, grew from 50 million to 250 million between 2014 and 2019.
The number of active gamers in the country has grown by 15 percent since 2016.
Mobile gaming revenue is the fastest-growing revenue stream.
Mobile gaming is the fastest-growing revenue stream. The mobile gaming market in India is expected to grow at a 20% CAGR and reach Rs 12,000 crore by 2022.
Mobile gamers spend more time playing games on smartphones than on any other platform. They are also more likely than game players from other platforms to have paid subscriptions or pay-as-you-play models. This means that mobile games developers will have greater opportunities for monetization in this space compared with those who develop for desktop, console or even PC platforms (if you’re wondering why this isn’t always true).
Around 70% of internet users in India will be online gamers by 2022.
The number of online gamers in India is expected to grow from 70 million in 2019 to 200 million by 2022, according to a report by market research firm Cybermedia Research.
The number of internet users in India is expected to grow from 470 million in 2019 to 850 million by 2022, according to another report by Cybermedia Research.
India is the second-largest internet user base in the world after China (1 billion), with around 500 million people accessing internet services via smartphones or mobile devices each month as compared with 300 million who use computers and laptops at home or work.*
The online gaming industry in India is expected to grow at a rapid pace
The online gaming industry in India is expected to grow at a rapid pace. According to a report by PricewaterhouseCoopers (PwC), the online gaming industry in India is expected to reach Rs 11,900 crore by 2022. The global market for online gambling will be worth $100 billion by 2024 and this number could increase even more if you include casino games with traditional casinos like blackjack or roulette.
The key drivers behind this growth are:
Demographic factors – as more people start using smartphones and tablets instead of computers;
Cost effectiveness – due to cheaper devices & services available;
Conclusion
With the growth of online gaming, it’s no surprise that the industry is expected to grow at a rapid pace. With more millennials playing games every month, and a rising number of casual gamers, there is a strong demand for online games in India. The industry is expected to reach Rs 11,900 crore by 2022 with mobile gaming revenue growing even faster than desktop or console gaming. The Indian gaming industry has a lot of potential. With new startups and developers entering the market, and a growing number of gamers using mobile devices to play games, it’s no surprise that the sector is expected to grow at a rapid pace. With more millennials playing games every month, there is also a strong demand for online games in India.
