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India’s online gaming industry leads to hit $1 billion by 2021

Online gaming, Smart phone, Internet, Gadgets, Tech news, Business NewsPhoto of online games displayed on mobile.

Mumbai: Indian gaming industry is on boom and growing at a healthy pace, mostly on the back of increasing smart phone and internet penetration and rising income levels of consumers across the country said in a report jointly prepared by lobby group Confederation of Indian Industry (CII) and market research firm Tech Sci Research.

 

 

There has been a 117 per cent spike in searches for online games by Indians, offering huge potential for developers, said the report titled “Online Gaming in India: 2021”.

The report is based on a primary qualitative and quantitative research executed by global market research firm IMRB that covered over 3,000 respondents across 16 geographies.

 

 

The respondents were in the age group of 16-45 years who own smartphones and tablets/laptop/PC with internet connection.

The report provided a detailed overview of the online gaming industry in India, its potential growth, the challenges and growth opportunities for developers.

 

 

The report also highlighted the consumer insights in terms of demographics and their gaming preference, their usage and spending patterns.

 

sonalika arya
the authorsonalika arya