India is on the road to becoming a gaming superpower. There are over 400 gaming organisations in India, which is the home to around 420 million online gamers. The gaming industry at present registers a growth rate of 38%. By the year 2025, the gaming industry in India is anticipated to reach $3.9 billion in value. Within the year 2023, the gamers are expected to be more than 450 million in numbers. India is second only to China in terms of the number of online gamers. The lockdown due to Covid-19 pandemic further witnessed an increase in the number of online gamers and online gaming in India, with games installed at 7.3 billion in the year 2020, which was the highest in the world.
With one of the world’s largest youth population, India is poised to become one of the world’s leading markets in Gaming Sector. Currently valued at USD 890 million, the Indian Gaming Industry is estimated for the annual growth rate of 14.3 per cent with mobile Gaming taking the lead at 71% share. The growth is driven by rising younger population, higher disposable incomes, introduction of new gaming genres, and the increasing number of smartphone and tablet users.
With a growing consumer base and e-commerce solutions in place, the Indian game developer ecosystem will have ample opportunity to innovate and provide compelling content with social and cultural context, which is key in engaging the Indian consumer. With experience outsourcing, QA testing and developing products combined with availability of creative talent, advanced technology and low-cost, Indian markets provide the best opportunity for collaboration and development work.