India Gaming, Indian Gamers. Growth! You hear it and read about it. What are some insights? Lets check it out!
The gaming industry worldwide has shown extraordinary growth in the past couple of years, especially during the pandemic. However, there’s one nation that is showing a mammoth soaring growth trajectory in gaming like no other. The country is none other than India; let’s check out some astonishing facts about its industry.
India’s gaming industry
India’s gaming industry is valued at a massive $930 million and stands atop. The gaming industry in India has grown nearly 60% over the last three years and it shows no sign of slowing down anytime soon. The country has a whopping 560 million internet users which makes it the second-largest internet consumer. Over 50% of the country’s population is below the age of 25 years of which 60% of them are gamers. The 10-year growth outlook in the gaming sector is projected at a massive $3.8 billion by 2024.
Though Indian gamers span across all platforms mobile platform leads by a mile. Mobile users form 85% of the industry while PC makes for only 11%. Thanks to strict lockdown in the country, mobile gamers saw India rise to the number one spot worldwide. According to a report by Sensor Tower, Indian mobile gamers recorded an astronomical 7.3 billion installs with a 17% market share of the install volumes. One of the biggest reasons is the affordable smartphones which are growing 15% year over year. Another reason is the high-speed 4G internet penetration that comes in cost-effective data tariffs.
Let’s take the example of PUBG in India, PUBG Mobile in India accounts for an estimated 34 million players playing every single day. Moreover, Indian’s downloaded PUBG Mobile a whopping 175 million times.
By the looks of it, the day isn’t far when India’s mobile gaming industry will surpass the Indian box office revenue which is currently more than double than that of the gaming industry.
Inside Gaming News is a project of Game-Consultant.com, Your Video Gaming Consulting Firm. Reinout te Brake is fully dedicated video games consultant. His focus is to incorporate solutions to trending issues that gaming developers face in today’s world.
Next to that he is hands on with the following consultancy and services; strategy, business development , fundraising, M&A and user acquisition, basicly everything that game studios have to deal with on a 24/7 basis.