India's Mobile Gaming Industry: Exploring the Rapid Growth, Potential, and Future Opportunities

CALIFORNIA CITY, Calif. - March 22, 2023 - PRLog -- India's gaming market is growing rapidly with the proportion of new paying users increasing from 40% to 50% in 2021, according to App Annie, making it the fastest-growing market in the world despite only accounting for 1% of the global gaming market.

Rapidly Expanding Gaming Population
India's gaming industry has over 900 organizations and 560 million players, with mobile gaming dominating over 90% of the market. The pandemic boosted the industry, leading to an increase in paid gamers, with over 24 million new Indian players estimated to have joined.

Market Performance
Lockdowns and remote work due to COVID-19 led to a surge in online gaming demand in 2020, along with an increase in investments and tech companies showing interest.

For the calendar year 2022, Indian gaming companies were on a target to raise USD 513 million. Financing for the gaming industry has increased by 23% from 2020 and by 380% from 2019.

Tier 2 and Tier 3 cities have quickly risen to the top

Uttar Pradesh has become the top location for mobile gamers, followed by Maharashtra, Rajasthan, Bihar, and West Bengal. The states with the greatest increases in mobile gamers between 2021 and 2022 were Orissa, Punjab, Tamil Nadu, Puducherry, and Himachal Pradesh. Pune is the top gaming city in Maharashtra, which comes in second.

Increasing Collaboration & Partnership Advertisement
Top brands and advertisers are partnering with eSports platforms and competitions to benefit from the growing Indian mobile gaming market. Examples include LetsGameNow and Flipkart's Pro Gaming Showdown and NODWIN Gaming and Airtel's Airtel India Esports Tour.

Increasing Number of Startups
India has over 900 gaming start-ups, with Mumbai being the hub for major companies. Dream11, Nazara Technologies, and Halaplay are among the market leaders, and GameEon Studios is developing the nation's first triple-A game, Mumbai Gullies, with $320,000 funding.

Scope of the India Mobile Gaming Market Report
The study covers mobile gaming market in India, including factors like types of gamers, age and income groups, and the economy's impact on the market. The report also analyzes the market's performance, growth opportunities, and the pandemic's impact. It's a valuable resource for those interested in the mobile gaming industry's potential in India.

Find out more:- India Mobile Gaming Market Size and Future Outlook (2018-2028) (https://www.makreo.com/report/india-mobile-gaming-market-...)

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