Tuesday , November 30 2021

Indian Mobile Gaming Sector To Witness $5 Bn Revenues By 2025: Report

The report also mentioned that high-speed internet and the ubiquity of the smartphone have contributed to the rapid growth of mobile gaming in India. Nearly 90 per cent of the country’s gamers play solely on their smartphones.

Amid the ongoing Coronavirus pandemic which affected business sectors all across the globe, however, the Indian mobile gaming sector is going to witness $1.5 billion of revenue in 2020 to $5 billion by 2025, according to a report by VC firm Sequoia and management consulting company. 

According to the report, while Indian gaming firms at first adapted through in-game promoting, 80 per cent of the $1.5 billion created by portable gaming in 2020 came from in-application buys and real-money game (RMG) spending. 

There are presently a total of 300 million gamers in India and income across all gaming gadgets came to $1.8 billion out of 2020, up 500 per cent from 2016.

However, when it comes to bigger markets, China and the United States are leading the way, but the Indian gaming industry is growing faster at a CAGR of 38 per cent, the report outlined.

“There’s also a strong correlation between sociability and spend. Close to half the gamers surveyed for this report play games to keep in touch with family and friends, and high engagement gamer archetypes tend to spend more across monetisation models. These gamers tend to gravitate towards real money gaming (RMG), which is key,” said authors Prachi Pawar and Pushpak Kedia of Sequoia.

The report also mentioned that high-speed internet and the ubiquity of the smartphone have contributed to the rapid growth of mobile gaming in India. Nearly 90 per cent of the country’s gamers play solely on their smartphones.

About Abhishek Sharma

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