![]() ![]() ![]() India is only behind China in terms of the total number of gamers. India is anticipated to emerge as one of the world’s leading markets in the gaming industry. It has been continuously increasing in value over the previous five years and is anticipated to triple to US$ 3.9 billion by 2025. Additionally, the COVID-19 pandemic has sparked a long-lasting shift towards digital entertainment, which has caused the game industry to develop exponentially throughout the pandemic. This unprecedented rise is being driven by demographic trends, changes in media consumption habits, and industry advancements during the last few years. The market for online gaming increased by 28% in 2021, reaching US$ 1.2 billion. By 2025, India is anticipated to create more than 250 thousand employment opportunities and 2,000+ gaming enterprises. With Gen Z being heavily influenced by e-sports, it is yet another gaming space that is rapidly growing. The gaming sector is anticipated to grow by 30% annually, as one of the fastest-growing segments in media and entertainment by 2025 and the number of game users is anticipated to rise by 50% over the last year. The Animation, Visual Effects, Gaming, and Comic (AVGC) sector in India has the potential to become the torch bearer for "Create in India" and "Brand India".īy 2025, India might hold 5% (US$ 40 billion) of the global market with a yearly growth rate of between 25 to 30% and the creation of more than 1,60,000 new jobs. Gaming has grown more immersive, realistic, and entertaining because of cloud-based technologies, Artificial Intelligence-Machine Learning, Virtual Reality, Web3, and Blockchain technology. ![]() ![]() It continues to boom, both in terms of scope and revenue, as a result of factors including a progressively younger population, the widespread use of smartphones, reasonably priced internet, higher salaries, and social media. The rise of the internet and mobile devices had a significant influence in transforming gaming into this intriguing monster of an industry. As games became more complicated and realistic, they moved from arcades to homes, computers, and mobile devices. The gaming industry has evolved both culturally and technologically throughout the years, and this rate of development continues to accelerate even today. ![]()
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