Mobile Gaming Market in India booms with esports and digital payments driving growth

NEW YORK, Calif. - April 24, 2023 - PRLog -- The Mobile Gaming Market in India is experiencing significant growth in funding, with a 380% increase over 2019 and a 23% increase over 2020. The rise can be attributed to the growing popularity of mobile gaming, the emergence of new gaming companies, and the preference for games tailored to Indian culture, among other factors.

Positioning in Global Markets:
Mobile Gaming Market in India has a large user base but generates relatively low revenue compared to other countries due to the lower spending power of Indian consumers and the dominance of free-to-play games. However, the market is expected to grow due to the increasing availability of 5G connectivity and rising popularity of e-sports. In 2020, India's mobile gaming market generated $177 million more revenue compared to the previous year.

Gaming Content Market Witnessing Boom:
India's game development industry has grown significantly in recent years, thanks to the increasing popularity of mobile gaming. The country has a large pool of talented and skilled developers due to its thriving IT industry. Additionally, game development in India is significantly cheaper than in other countries, making it easier for developers to compete in the global market. As a result, many international publishers are now partnering with Indian studios to create games. With these advantages, the Indian game development industry has a lot of potential for growth in the future.

Digital Payment Infrastructure Expansion:
The increase in online gaming in India is largely attributed to the availability of affordable data and improved digital payment infrastructure. With the rise of real money gaming and esports, the growth of the industry is expected to continue in the coming years. The fantasy sports sector saw significant growth in 2022 due to major sporting events, providing a platform for fantasy sports platforms to attract more users and generate more revenue.

This study offers a comprehensive analysis of the mobile gaming market in India, including factors such as the number and types of gamers, age and income groups, and the impact of the economy. It provides valuable insights for understanding the market's performance and potential for growth.

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

Global Report on Mobile Gaming:-
Mobile Gaming Market Report (2023-2028) (https://www.makreo.com/report/mobile-gaming-market-report...)