India’s Gaming Revolution Soars to New Heights, Projected to Reach $8.92 Billion by 2030
In a spectacular leap, India gaming market is set to redefine its landscape, with the industry’s size reaching an astonishing USD 1.54 Billion in 2023 and a projected CAGR of 28.5% catapulting it to nearly USD 8.92 Billion by 2030.
India Gaming Market Overview:
The India Gaming Market report amalgamates both primary and secondary research approaches. Within it lies a comprehensive examination of both global and regional market dimensions. The report’s profound scrutiny of India Gaming market dynamics and its provision of regional insights collectively establish it as an invaluable resource for potential investors.
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India Gaming Market Report Scope and Research Methodology:
The report’s aim is to uncover opportunities, constraints, challenges, and drivers within the global India Gaming market. To compile the India Gaming market report, a combination of primary and secondary research methods was employed, ensuring data accuracy and validity. The Stellar Market Research Analyst conducted primary research surveys with identified India Gaming companies, also inquiring about their competitors during interviews. Additionally, through secondary research, the analyst compiled a list of companies in the industry and conducted a thorough examination of macroeconomic and microeconomic factors that have shaped the India Gaming industry landscape.
The India Gaming market report encompasses a comprehensive range of analyses. It includes a SWOT analysis, PESTLE analysis, and Porter’s Five Forces analysis, offering valuable insights into the strengths and weaknesses of both key players and markets, providing a deep understanding of these entities.
India Gaming Market Segmentation:
Real Money Games
Online Fantasy Sports
Depending on the Type of Game In 2022, casual games were the most popular game type segment. It is anticipated that during the forecast period, they will account for the greatest revenue share of the market. Over the course of the projection period, real money games are anticipated to rise at a noteworthy CAGR of 5.6%. By 2030, there will be 657 million users, a more than 50% increase from the current 433 million. Online games that players play for entertainment purposes include casual games, real-money games where players wager real money, online fantasy sports where players create fictional teams and earn prizes based on points earned, and e-sports, which are professional gaming competitions where players compete for cash.
In terms of category, the Action segment held the largest share of 25% in the gaming market in India in 2023. At the conclusion of the forecast period, the sector is anticipated to continue growing at a CAGR of 6.8% and to continue dominating the market. Action games, with their variety of subgenres such as first-person shooter, battle royale, and hack-and-slash, appeal to thrill-seekers with their heart-pounding exhilaration. Games like Call of Duty Mobile and PlayerUnknown’s Basketball Mobile, which are tailored for mobile devices in India, do well in sporting settings. Social aspects improve player experiences and community building, such as leaderboards and multiplayer. The GTA series, Apex Legends Mobile, Free Fire, Call of Duty Mobile, and PUBG Mobile are some of the best titles available. In-app purchases that include cosmetics, weaponry, season passes, and random loot systems are the main sources of income.
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India Gaming Market Key Players:
1. Hyperlink InfoSystem
2. Sony Corporation
3. Unanimous Studios
5. Scientific Games
6. Microsoft Corporation
7. Griptonite Games
8. HData Systems
9. GSN Games
India Gaming Market Regional Analysis:
The regional analysis in the report helps to understand the India Gaming market in various countries by providing different factors such as political, geographic, buying behavior, etc. which are affecting the India Gaming market. Various regions, and countries have legal barriers, geographic advantages, distinct buying behavior, etc are provided in the report help to develop market strategies that are suitable and appropriately applicable according to specific countries and regions. The report includes a detailed explanation of all the factors, market size, growth rate, and import and export all the regions.
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Key Questions answered in the India Gaming Market Report are:
- What was the India Gaming Market size?
- What will be the CAGR of the India Gaming market during the forecast period?
- Which region held the largest India Gaming market share?
- What are the opportunities for the India Gaming Market?
- What factors are hampering the India Gaming market growth?
- Which company held the largest share in the India Gaming market?
- What key trends are likely to emerge in the India Gaming market in the coming years?
- What growth strategies are the players considering to increase their presence in the India Gaming Market?
- Market Share, Size, and Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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