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India’s gaming market size is experiencing explosive growth, driven by mobile-first users, improved internet infrastructure, and a digitally active youth population. The sector is projected to grow at a CAGR of 28.5%, reaching USD 8.92 billion by 2030. Key growth areas include mobile, e-sports, and real-money gaming.
The increasing gamification across education and entertainment is fueling further expansion. Government support and rising investments are making India a hotspot for global gaming firms, alongside rising domestic innovation and user engagement.
India’s Gaming Market Booms with a 28.5% CAGR, Set to Hit USD 8.92 Billion by 2030
The explosive growth in the sector is led by mobile gaming, e-sports, real-money gaming, and innovations in AR/VR experiences. Platforms like Dream11, MPL, Nazara Technologies, and Zupee are capitalizing on trends from hyper-casual gaming to fantasy sports. Meanwhile, the rise of the metaverse and cloud gaming has added new momentum, creating an inclusive environment even in India’s rural zones.
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Competitive Landscape and Regional Demand
India’s gaming space is highly competitive with local developers, international studios, and tech startups intensifying the innovation game. Companies like Nodwin Gaming, Gameskraft, and JetSynthesys are pushing the envelope in e-sports and real-money genres. Higher demand is notably seen across West India, particularly Mumbai, which is fast emerging as the country’s gaming hub.
Country-Specific Industry Insights
Consolidation Trends in Vietnam
Vietnam’s gaming sector is witnessing increasing consolidation. Local firms are merging with foreign investors for game localization and monetization strategies. Vietnamese companies have been collaborating with Indian developers to port casual games for Southeast Asia’s mobile-first audience.
Growth Momentum in Thailand
Thailand is rapidly expanding its gaming economy through government support for e-sports. Indian firms are entering strategic partnerships with Thai publishers, aiming to deliver localized content and enhance revenue through regional tournaments and mobile game adaptations.
Opportunity Trends in Japan
Japan, traditionally a console-dominated market, is warming up to Indian mobile developers via IP licensing deals. Indian studios are exploring partnerships with giants like Sony Interactive Entertainment to tap into mobile gaming innovations and retro-themed experiences for Gen Z gamers.
Market Updation in South Korea
Indian companies have been investing in South Korea’s cloud gaming infrastructure. With AR and VR-based gaming growing, recent collaborations between Indian and Korean developers are setting the stage for joint ventures in immersive gaming and virtual world integrations.
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Innovation Opportunities in Singapore
Singapore acts as a regional headquarters for many Indian gaming firms expanding into ASEAN. Recent acquisitions of Indian startups by Singaporean venture firms have helped streamline cross-border development pipelines and fintech integration in gaming wallets.
Industry Trends in the US
The US continues to be a strategic partner for Indian gaming ventures, especially in AR/VR tech and blockchain gaming. Notably, Indian game developers have inked distribution deals with Epic Games and Unity to launch games globally, including titles featuring Indian mythologies.
Strategic Consolidation in China
China’s shift to mobile and cloud gaming aligns well with Indian development models. Several Indian firms have collaborated with Tencent and NetEase to distribute games tailored to Chinese regulations and preferences, especially within action and fantasy RPG categories.
Digital Expansion in Europe
Europe is emerging as a lucrative destination for Indian e-sports and casual game developers. Indian studios are increasingly acquiring smaller European game companies, opening avenues for diversified monetization and cultural exchange through gamified learning and role-play narratives.
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Market Segmentation: In-Depth Analysis:
by Type
Casual Games
Real Money Games
Online Fantasy Sports
E-Sports
Others
Depending on the Type of Game Casual games are predicted to have the most revenue share of the market over the projected period and dominated the game type category in 2022. Throughout the projection period, Real Money Games are anticipated to expand at a noteworthy compound annual growth rate (CAGR) of 5.6%. By 2030, the number of users is predicted to rise from 433 million to 657 million, a more than 50% increase. Online fantasy sports, where players create fantasy teams and win money based on points gained; casual games, where people play to kill time; real-money games, where players gamble real money in online games; and e-sports, which are professional gaming, where players compete
by Category
Action
Shooter
Role-Playing
Sports
Others
With the largest share of 25% in 2023, the Action sector led the Indian gaming market by category. At the conclusion of the forecast period, the sector is anticipated to continue to dominate the market and grow at a compound annual growth rate (CAGR) of 6.8%. With a variety of subgenres including first-person shooter, battle royale, and hack-and-slash, action games captivate thrill-seekers with their heart-pounding adrenaline. Games like Call of Duty Mobile and PUBG Mobile, which are tailored for mobile devices in India, are popular among sports fans. Social aspects that improve player experiences and community development include leaderboards and multiplayer.
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Market Key Players : In-Depth Analysis:
1. Hyperlink InfoSystem
2. Sony Corporation
3. Unanimous Studios
4. Nintendo
5. Scientific Games
6. Microsoft Corporation
7. Griptonite Games
8. HData Systems
9. GSN Games
10.Nimblechapps
Note:
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