India Gaming Market Research Report Information By Type (Mobile Gaming (Android, iOS), Console Gaming, and PC Browser/Downloaded) - India Gaming Market Forecast Till 2032.

India Gaming Market Research Report Overview 

India Gaming Market Size was valued at USD 3.2 Billion in 2022. The gaming market industry is projected to grow from USD 3.71 Billion in 2023 to USD 12.359 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 16.20% during the forecast period (2024 - 2032).

India, with one of the largest youth populations in the world, is expected to be among the top markets for the gaming business. One of the main market drivers propelling the nation's market growth rate is the expanding IT infrastructure, which is being fueled by the growing use of smartphones and high-speed internet.

Figure 1: India Gaming Market Size, 2024-2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Gaming Market Trends

Increasing use of smartphones and more reasonably priced internet to boost the market growth

India's gaming market has experienced rapid expansion and is currently considered a gaming powerhouse due to the increase in smartphone adoption and easily accessible internet. More than 600 million smartphone users, including those living in rural areas, now have access to gaming thanks to this game-changing pair. Accessible cellphones and data bundles have broken down barriers to access, resulting in a wide range of players. The Indian gaming market is dominated by a mobile-centric strategy that places a strong emphasis on free-to-play and casual gaming. India surpassed China as the country with the most mobile game downloads this year.

The markets in India are currently three times larger than those in the US and roughly 2.5 times larger than those in China. In the previous year, 15 billion (15,000 million) games were downloaded. India accounted for the largest percentage (17%) of the world's game downloads in the current year. Samsung has announced plans to shift some of its smartphone production from Vietnam and other nations to India this year. The producer of smartphones in South Korea plans to produce over 40 billion (40,000 million) units domestically. 5G networks helped to fuel the expansion of mobile-based cloud gaming services and augmented reality (AR) games by providing faster game downloads than the existing 4G networks.

The Indian gaming industry is about to undergo a significant transformation due to the metaverse, a virtual environment that promotes interactive interactions. By combining augmented and virtual reality, players can immerse themselves more fully in interactive surroundings and customized avatars. Novel revenue streams surface, like in-game purchases and play-to-learn models, and subscription models provide access to unique content. Moreover, cloud gaming fosters inclusivity through vernacularization and improves accessibility, particularly for the mobile-dominated Indian gaming market. This revolutionary environment allows Indian developers to reach the market, fostering cooperation and the development of innovative game genres. Despite obstacles, including infrastructure, privacy issues, and legal frameworks, the gaming sector in India is well-positioned to grow significantly on both the domestic and international fronts by adopting the metaverse. Thus, driving the gaming market revenue.

Gaming Market Segment Insights

Gaming Type Insights

The India Gaming market segmentation, based on type, includes Mobile Gaming (Android, iOS), Console Gaming and PC Browser/Downloaded. The mobile gaming segment dominated the market mostly. The growing acceptance of multiplayer games and the appeal of real money games both allow for internet gaming from a distance. Technological advancements and the increasing adoption of smartphones in India are anticipated to be major drivers of the segment's growth. In addition, 55% of mobile gamers are female, and mobile games make up 21% of downloaded Android apps and 25% of downloaded iOS apps. While male gamers were more interested in strategy, sports, and shooting games, female audiences appeared to prefer puzzle and matching games.

Figure 2: India Gaming Market, by Type, 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Gaming Country Insights

The proliferation of smartphones, low-cost internet connection, and a young, tech-savvy population are the main drivers of India's gaming sector expansion. This is an industry with significant growth potential. With significant technological, social, and economic advantages, the gaming sector in India is expanding quickly. The Indian gaming sector advances technology, encourages entrepreneurship and innovation, advances digital literacy, and raises awareness of India. In addition, it provides a venue for brand promotion, boosting local economies and tourists. Moreover, The Indian gaming business has seen a dramatic change, with a greater emphasis now being placed on game production. By pushing his vision for a "Digital India" in November of last year, the Prime Minister encouraged entrepreneurs and developers to take the lead in the online gaming business. Since then, the Central Government has continued to take action to change the direction of online gaming in order to achieve this goal. A nodal ministry's leadership is necessary for this sector.

Gaming Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the gaming market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the gaming industry must offer cost-effective items.

Major players in the gaming market are attempting to increase market demand by investing in research and development operations, including Sony Corporation, Electronic Arts Inc., Ubisoft Entertainment SA, Walt Disney Company (India) Pvt. Ltd, Microsoft, Nintendo, SQUARE ENIX HOLDINGS CO., LTD., GSN Games, Inc., Rolocule Games Private Limited, and Zynga Game Network India Pvt Ltd. (Zynga Inc.).

Key Companies in the gaming market include

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  Sony Corporation

  
  


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  Electronic Arts Inc.

  
  


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  The Ubisoft Entertainment SA

  
  


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  Walt Disney Company (India) Pvt. Ltd

  
  


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  Microsoft

  
  


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  Nintendo

  
  


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  SQUARE ENIX HOLDINGS CO., LTD.

  
  


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  GSN Games, Inc.

  
  


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  Rolocule Games Private Limited

  
  


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  Zynga Game Network India Pvt Ltd. (Zynga Inc.)

  
  

Gaming Industry Developments

June 2023: Dead Space will premiere for the PlayStation5, Xbox Series X|S, and PC at the start of the following year, according to an announcement made by Electronic Arts at their Crafting the Tension Art Developer Livestream. The FrostbiteTM game engine is being used to reconstruct the original sci-fi survival horror game Dead Space.

July 2022: The Indian government has acted to promote native video games. It is essentially the duty of the corresponding State/Union Territory Governments to organize special training programs and promote indigenous sports across the nation. The Union Government supports them in their endeavors. For example, the Central Sector Scheme Khelo India is managed by the Sports Ministry. Promoting rural and Indigenous/tribal games is one of the program's elements.

Gaming Market Segmentation

Gaming Type Outlook

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  Mobile Gaming

  
  
  
  
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    Android

    
    
  
  
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    iOS

    
    
  
  
  
  


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  Console Gaming

  
  


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  PC Browser/Downloaded