According to a recent estimate by a National news agency, India currently boasts the second-largest gaming population in the world with 396.4 million players. Data from market research firm Niko Partners shows that India currently accounts for 50.2% of all gamers in the top 10 Asian nations.
According to the report titled “The Asia-10 Games Market,” India is also the market that is expanding the fastest, with a revenue growth rate of 21% over the past five years.
Mobile gaming market projection
The Asia-10 PC and mobile game market, according to Niko Partners, is expected to earn $35.9 billion in 2022 and $41.4 billion in 2026. “Gamers are growing far more quickly than income. According to Niko Partners, there will be 788.7 million PC and mobile gamers in the Asia-10 region in 2022, and 1.06 billion by 2026 “claimed the report.
Global market projection
The three countries with the fastest increase in-game revenue and player numbers are Thailand, India, and the Philippines. According to the report, Japan and Korea, which together account for over 77% of revenue in the Asia-10 region, are the most developed markets.
A study by the employment company TeamLease Digital predicts that the gaming sector in India will expand by 20–30% and create more than 1 lakh new direct and indirect jobs by the end of the current fiscal year. According to the survey, out of the 50,000 employees who are directly engaged in the gaming industry, just 30% are programmers and developers. However, there might be a shift in the next months, and the industry will likely add new positions like testing, animation, artists, and other ancillary tasks.
India’s gaming sector projected at $8.6 billion
According to different research published earlier this month by Lumikai, a venture capital firm specialising in the gaming industry, the Indian gaming market will almost quadruple to $8.6 billion in 2027 from the current $2.6 billion.
