Market Research Report
India Online Game Market By Device (Mobile, PC and Console), By Player Format (Single Player and Multi-player), By Game Model (Free to Play, In-app Purchases and DVD Games), Competition, Forecast & Opportunities, 2024
|Published by||TechSci Research||Product code||908354|
|Published||Content info||119 Pages
Delivery time: Inquiry
|India Online Game Market By Device (Mobile, PC and Console), By Player Format (Single Player and Multi-player), By Game Model (Free to Play, In-app Purchases and DVD Games), Competition, Forecast & Opportunities, 2024|
|Published: August 1, 2019||Content info: 119 Pages||
India online game market is projected to grow at a CAGR of around 23% during the forecast period, on account of increasing smartphone user base, rising internet penetration and surging disposable income. Another factor which is directly impacting the market is age demographics. Major population in the country is young and below 26 years of age, which is the major age group segment in the online game market.
Generally, gamers engage in gaming for stress relief and social interaction. Owing to aforementioned factors, online game market in India is expected to register strong growth during the forecast period.
India online game market can be segmented based on device, player format and game model. On the basis of device, the market can be categorized into console, PC and mobile. Mobile segment dominated the country's online game market in 2018 and is anticipated to maintain its leading position in the coming years as well, on account of affordable cost of smartphones and rising penetration of internet in rural and urban areas. In terms of player format, the market can be bifurcated into single player and multi-player. Multi-player segment is likely to grow at an impressive rate, as it engages more number of gamers and offers an opportunity for social interaction.
Online game is gaining traction across the country. In terms of regional analysis, the market can be segmented into north region, south region, east region and west region. Online game market in north region is growing at a brisk rate, on account of high internet penetration in the region.
Major players operating in India online game market include: EASport, Tencent, StomStudio, Nazara Technologies, AGTech Holdings Ltd., 2K Games, Inc., Gameloft, Ubisoft, Rockstar North, Zynga, 99Game, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. The number of game-developing companies grew from 25 in 2010 to over 250 in 2018. In 2018, Alibaba's AGtech Holdings and India digital payment company Paytm, as part of a joint venture, launched Gamepindi in India.
Years considered for this report:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major service providers across the country.
TechSci Research calculated India online game market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India online game market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in India online game market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
(Note: The companies list can be customized based on the client requirements)