India is the country with the fastest-growing mobile gaming market, and an industry-wide revenue will almost double to USD 6 billion by 2028 from USD 3.1 billion in 2023, according to a joint report released on Wednesday by the Interactive Entertainment and Innovation Council and online gaming company Winzo.
According to the India Gaming Report 2024, which is based on secondary data and research by the Interactive Entertainment and Innovation Council (IEIC), the number of players who pay for games would increase from 144 million in 2023 to 240 million by 2028.
On the other hand, the survey states that 30% of Indian gamers are, on average, between the ages of 31 and 45, and they tend to choose strategy games.
There are more than 1,400 gaming companies in India, 500 of which are game studios. According to the analysis, gaming revenue is expected to reach $6 billion annually by 2028.
"Mobile gaming contributes to 90 per cent of the gaming market in India as compared to around 37% and about 62% in the US and China, respectively," the survey stated.
On the other hand, the survey states that 30% of Indian gamers are, on average, between the ages of 31 and 45, and that strategy games are their preferred genre.
The affordability of smartphones - which have increased in number to over 820 million - as well as the three–four times rise in phone memory over the previous five years and inexpensive data plans will be major growth drivers for the Indian gaming sector.
According to the report, India's online gaming sector, which already employs 1 lakh skilled gamers directly and indirectly, will create 2.5 lakh new employment in the next ten years. The game production expenses in India might be as much as 50–60% cheaper on average than in Western nations, which makes it a very desirable outsourcing location.
There is a current spike in demand for talent in the Indian gaming business, with job opportunities ranging from 50,000 to 60,000 across a variety of jobs, including developers, programmers, testers, artists, and customer support.
