The gaming industry in India has been on the rise in recent years, and it is expected to continue its growth trajectory in the coming years. According to a report by KPMG, the Indian gaming market is expected to reach $1 billion by 2021, driven by increasing internet penetration, the growing number of smartphone users, and the increasing popularity of e-sports.
One of the main drivers of growth in the Indian gaming market is the increasing number of smartphone users in the country. According to a report by Counterpoint Research, the number of smartphone users in India is expected to reach over 800 million by 2022, which is a significant increase from the current figure of around 500 million. This increase in smartphone users is expected to drive the growth of mobile gaming in India, as more and more people have access to smartphones and can play games on the go.
Another factor driving the growth of the gaming industry in India is the increasing popularity of e-sports. E-sports, or competitive gaming, is becoming increasingly popular in India, with the number of e-sports players and fans expected to reach over 200 million by 2021. This is a significant increase from the current figure of around 50 million. The increasing popularity of e-sports is expected to drive the growth of the gaming industry in India, as more and more people are interested in watching and participating in e-sports competitions.
The Indian government has also been actively promoting the gaming industry in the country. The government has set up a National Level Gaming Promotion Council to promote the gaming industry and has also announced plans to set up a National Level Gaming Promotion Fund to support the development of the industry. The government has also announced plans to set up a National Level Gaming Promotion Fund to support the development of the industry.
The Indian gaming industry has the potential to be a major contributor to the Indian economy. The industry is expected to create over one million jobs by 2022 and is expected to generate $1 billion in revenue by 2021. The gaming industry is also expected to contribute to the growth of other industries, such as the hardware and software industries, as more and more people purchase gaming hardware and software.
In conclusion, the gaming industry in India is expected to grow significantly in the coming years, driven by increasing internet penetration, the growing number of smartphone users, and the increasing popularity of e-sports. The Indian government is actively promoting the gaming industry and has announced plans to support its development. The gaming industry has the potential to be a major contributor to the Indian economy, creating jobs and generating revenue. The future of gaming in India looks bright and it is expected to be a major contributor to the Indian economy in the future.
