Gaming Industry in India

Video gaming in India is becoming apparent or prominent market.  As investments continue to rise, this market is expected to grow rapidly in India. Many companies encourage video gaming in India, such as MTV, Cypher and National Institute of Information Technology (NIIT) centres. To conducted by KPMG, the number of game development companies in India today stands at around 275. This number was a mere 25 in the year 2010.

Estimates suggest that India’s mobile games market will be worth $1.1 billion by 2020, and number of users projected to become 628 million by then.

With a turnover of $890 million in 2018, the video game sector is still underdeveloped compared to other Asian countries, such as China and South Korea, India is experiencing strong growth in online gaming. With between 35-50 million internet users, the country is attracting interest from the online video game industry..  However, many video game companies are beginning to invest, and India could become an important market for this sector. Estimates suggest that India will have mobile game market of worth $1.1 billion by 2020 and number of users projected to become 628 million by then. Local Indian video game studios are yet to make a significant impact in the world market mostly relegated to mobile games that have development cycles of not more than 3-6 months. Video game studios are slowly sprouting up around India, most notably in Bangalore. Many studios in India derive most of their income from outsourcing to foregin companies.

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