Blooming market of Digital Gaming in India
India’s mobile games market is estimated to worth USD1.1 billion at a growth rate of 20 percent by 2020 and number of users expected to become 628 million by then.
The Indian gaming industry has seen a massive revolution in the last couple of years. It has been growing rapidly leaving behind many challenges such as high cost of devices, non-availability and poor performance of the gadgets.
Years back India captured just 1.6 per cent market share of the global mobile gaming industry. However, with the world’s second-largest smartphone user base, and the fastest emerging smartphone market, the Indian gaming market is rising as the fastest growing mobile gaming markets. The industry is already worth over USD 890 million.
With a larger craving for gaming in India, leading companies like Alibaba backed-digital payments startup Paytm, Tencent, Youzu, Games2win, Rummycircle and Nazara have started investing in the gaming industry, consequently facilitating its expansion.
A new era of mobile and social gaming companies backed by venture capitalists have come up with the growing demand for smartphone and entertainment. The country now has more than 250 game development companies, up from a meager 25 in 2010.
Traditional Indian games like Teen Patti and Rummy are now redefining the digital games industry in India. The gaming industry is riding high on technology with the introduction of artificial intelligence, AR, VR and development of wearable devices into gaming.
India’s mobile games market is estimated to worth USD 1.1 billion at a growth rate of 20 percent by 2020 and number of users expected to become 628 million by then.
The Indian gaming industry is moving ahead at full pace and is holding promise for the upcoming years.