Mobile gaming in India set to be a $5 billion industry, claims report

The smartphone growth in India has given a big shot in the arm to the gaming industry. Mobile gaming has emerged as massive and a document by way of Boston Consulting Group (BCG) and Sequoia India predicts it to triple in the subsequent few years. The document claims that whilst the Indian gaming enterprise is minuscule — solely 1% — in contrast to the world gaming market, the mobile-first phenomenon ought to assist it to triple the revenues. Currently, the cell gaming market stands at around $1.5 billion (in revenue) however it is predicted to contact $5 billion by using 2025.

“The gaming enterprise in India has considered a boom of nearly 40% in 2019-20, greater than that of OTT, television, and social media platforms. 86% of this market consists of cell telephone users. While there is a giant dependence on advert revenues today, growing traction and engagement is predicted to force greater willingness to pay which will force new methods of person monetization and rising ARPUs in the coming years”, says BCG Managing Director and Senior Partner, Vikash Jain.

BCG performed a purchaser survey — of about 3200+ respondents — to obtain insights about the gaming habits of the Indian gamer. Mandeep Kohli, BCG Managing Director, and Partner stated that “The Indian gamer is now not described through their demographic. They are instead described through their context – their needs, preferences, and gaming habits.”The document similarly states that the boom will be fuelled by way of discovery and adoption via informal and free to play games, enhancing utilization and retention with the aid of diversifying genres

About author
Content Writer
View all posts