Gaming Future Of India

What is the future of gaming industry in India? Short.
Reference : 1) Dentsu Gaming Report 2022.
2) Lumikai Gaming Report 2022.

Gaming

India is the world’s largest mobile gaming market in terms of app downloads

Revenue from online gaming grew 28% in 2021 to $1.2 bn and is expected to reach $1.9 bn by 2024.

The gaming industry is at the cusp of exponential growth and is on the trajectory to grow by 20-30% by FY23 and expected to reach INR 380 bn by 2026.

India has the largest fantasy sports market, with a user base of 130 mn

India’s percentage of new paying users (NPUs) in gaming has been the fastest growing in the world for two consecutive years, at 40% (2020) reaching 50% in 2021.

Between Jan-Sep 2021, $1.6 bn were received in funding and M&A, with Real Money Games attracting ~$700 mn.

India has produced 3 gaming unicorns: Game 24X7, Dream11 and Mobile Premier League

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