How Popular is Gaming in India?
Gaming in India has become a phenomenal industry, with an enormous base of 421 million online gamers recorded in the year 2022, showcasing an 8% growth from the previous year and expected to reach over 442 million by 2023. The gaming market in India is projected to grow from USD 3.02 billion in 2023 to USD 6.26 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 15.68%, highlighting the tremendous potential and popularity of gaming in the country.
Introduction to Gaming in India
Gaming has evolved significantly in India over the years, transforming from a niche hobby to a mainstream entertainment industry. The rise of mobile gaming has been a key factor in this growth, with over 400 million mobile gamers in the country, making India one of the top five mobile gaming markets in the world.
FAQs About Gaming in India
General Information
- What is the size of the gaming market in India? The India Gaming Market size is expected to grow from USD 3.02 billion in 2023 to USD 6.26 billion by 2028, at a CAGR of 15.68% during the forecast period.
- How many online gamers are there in India? India recorded about 421 million online gamers in the year 2022, and this number is likely to reach over 442 million by 2023.
- What is the ranking of India in the gaming industry? According to a KPMG report, India currently has over 400 gaming firms and 420 million online gamers, ranking second only to China in terms of the number of gamers.
Popular Games and Genres
- Which game is very popular in India? Cricket is the most popular sport in India and the most played game in the country, reflecting the nation’s passion for the sport.
- Which game is not popular in India? Basketball is not as popular in India due to several factors, including it being a contact game that requires a strong physique and the lack of infrastructure and professional leagues.
Gaming Industry and Economy
- Is gaming a good career in India? The gaming market in India is expected to experience significant growth, with a projected increase from $2.6 billion to $8.6 billion by 2027, making it an attractive career option for many.
- Why is gaming so expensive in India? Gaming is expensive in India because technology tends to retain a global price instead of a local price, making it relatively costly due to forex trends, exchange rates, and inflation.
Esports and Competitive Gaming
- Is esports big in India? The Indian Esports market is experiencing exponential growth, with a surge in popularity among the younger generation and an increasing number of professional tournaments and leagues.
- Who is the richest gamer in India? Sahil Jakhar, known as Omega, is considered one of the highest-paid esports players in India, with significant earnings from tournaments and sponsorships.
Market Trends and Projections
- What is the gaming potential in India? Projections indicate a staggering growth trajectory, with India’s gaming market expected to soar from USD 2.8 billion in 2022 to USD 5 billion by 2025, growing at a CAGR of 28-30%.
- Which city has the most gamers in India? Lucknow has been recognized for its gaming prowess, with the city having a high share of gamers, second only to metros like Delhi and Mumbai.
Cultural Impact and Recognition
- Why is gaming popular in India? Mobile gaming is the most popular form of gaming in India, with over 400 million mobile gamers in the country, attributed to the low cost of smartphones and mobile data.
- Is India a gaming country? As of 2019, India is one of the top five mobile gaming markets in the world in terms of the number of users, solidifying its position as a significant gaming nation.
Challenges and Future Outlook
- Why is esports not growing in India? The lack of government recognition and regulation has hindered the growth of esports in India, with issues such as tax implications, visa problems for international tournaments, and lack of funding.
- Does gaming have a future in India? The Indian gaming and esports sector has witnessed tremendous growth and is expected to skyrocket even more in the years to come, with the number of online gaming users in India poised to grow from 481 million in 2022 to over 657 million by 2025.