India Video Game market was valued at US$ 1.56 billion in 2024 and is projected to reach US$ 3.12 billion by 2030, at a CAGR of 12.3% during the forecast period 2024-2030.
Interactive electronic games played on various devices including consoles, computers, and mobile devices.
Rapidly growing market driven by increasing smartphone penetration and rising disposable income. Mobile gaming leading the growth.
This report contains market size and forecasts of Video Game in India, including the following market information:
• India Video Game Market Revenue, 2019-2024, 2024-2030, ($ millions)
• India Video Game Market Sales, 2019-2024, 2024-2030,
• India Top five Video Game companies in 2023 (%)
Report Includes
This report presents an overview of India market for Video Game , sales, revenue and price. Analyses of the India market trends, with historic market revenue/sales data for 2019 – 2023, estimates for 2024, and projections of CAGR through 2030.
This report focuses on the Video Game sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the India Video Game market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.
This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.
Segment by Type
• Action
• Adventure and Role Playing
• Arcade
• Strategy
• Simulation
• Driving
• Puzzle
Segment by Applications
• Kids
• Adults
Key Companies covered in this report:
• Zynga
• Ubisoft
• Electronic Arts (EA)
• Tencent
• 99Games
• Reliance Games
• Nazara Technologies
• Creatiosoft
• Games2win
• Octro Inc
Fill out the download sample Report form to access the complete list of key players.
Competitor Analysis
The report also provides analysis of leading market participants including:
• Key companies Video Game revenues in Indian market, 2019-2024 (Estimated), ($ millions)
• Key companies Video Game revenues share in Indian market, 2023 (%)
• Key companies Video Game sales in Indian market, 2019-2024 (Estimated),
• Key companies Video Game sales share in Indian market, 2023 (%)
1. Drivers:
a. Growing Internet Penetration:
India’s rapid expansion of internet connectivity, particularly through affordable 4G and 5G networks, has significantly boosted the video game industry. The country’s growing number of internet users, especially in tier 2 and tier 3 cities, has created a fertile market for online gaming, from mobile games to multiplayer titles.
b. Mobile Gaming Dominance:
The affordability of smartphones and data plans has made mobile gaming the dominant segment in India’s video game market. Popular titles like PUBG Mobile, Garena Free Fire, and Call of Duty Mobile have attracted millions of players, making India one of the largest mobile gaming markets in the world. This accessibility has driven both casual and competitive gaming.
c. Expanding Youth Demographics:
India’s population includes a significant portion of young people, many of whom are drawn to gaming for both entertainment and socialization. The youth’s increasing disposable income and desire for digital entertainment have fueled the video game sector’s growth. This demographic also tends to engage with eSports, live streaming, and in-game purchases, further expanding the industry’s revenue streams.
d. Emergence of eSports:
Competitive gaming (eSports) has gained considerable traction in India, with events, tournaments, and professional leagues receiving wide attention. Platforms like YouTube and Twitch have provided outlets for gamers to stream their gameplay, gaining large followings and contributing to the industry’s visibility. Major investments from domestic and international players in eSports tournaments have boosted the legitimacy and financial potential of the sector.
e. Government Support and Initiatives:
Recent government policies encouraging digital innovation, such as the Make in India and Digital India initiatives, are promoting the growth of local game developers. Various state governments are also investing in infrastructure for gaming-related businesses, nurturing talent through incubation centers, and facilitating research and development in gaming technologies.
2. Restraints:
a. High Competition from Global Titles:
Despite the growth of the local gaming industry, Indian developers face intense competition from established international titles that dominate the market. Global games from companies like Tencent, Activision, and Supercell are preferred by Indian players, making it challenging for homegrown developers to break through.
b. Cultural and Parental Resistance:
In India, there is still some social stigma around video games, especially in terms of excessive screen time and the potential for addiction. Parents and educators often express concerns over the impact of gaming on academic performance and physical activity, limiting its acceptance as a mainstream form of entertainment.
c. Lack of Skilled Workforce:
The game development ecosystem in India is relatively nascent. While there are talented individuals, the industry faces a shortage of skilled developers, designers, and animators familiar with advanced game development platforms. This limits the ability to create high-quality, competitive titles that can perform well in international markets.
d. Regulatory Challenges and Bans:
India’s video game industry has faced intermittent regulatory challenges, especially concerning games with violent content. Titles such as PUBG Mobile were temporarily banned due to geopolitical tensions and concerns over addiction. The unpredictable regulatory environment creates uncertainty for game developers and publishers in terms of what games are permissible.
3. Opportunities:
a. Rising Investment in Game Development:
India is attracting increasing investment from both domestic and international players in the gaming sector. Large tech companies are venturing into the industry, funding local studios and projects. As a result, India could evolve into a game development hub in Asia, with opportunities to create culturally relevant content that resonates globally.
b. Potential for Localization:
There is an immense opportunity for local and international companies to tap into India’s linguistic diversity through localized gaming content. By offering games in regional languages and incorporating Indian cultural elements, companies can attract a wider audience and deepen engagement, particularly in rural and semi-urban regions.
c. Growth in Cloud Gaming and AR/VR:
With advancements in cloud computing and virtual reality (VR) technologies, there is growing interest in cloud gaming and immersive experiences. Indian consumers, especially tech-savvy urban youth, are likely to adopt these innovations, opening doors for both developers and hardware manufacturers. As 5G networks become more widespread, cloud gaming will allow users to play high-end games on low-end devices, further democratizing access.
d. eSports and Live Streaming Monetization:
The Indian eSports scene is still in its early stages but has vast potential for growth. As more professional leagues, tournaments, and sponsorship deals emerge, brands can capitalize on eSports for marketing and advertisement. Additionally, live streaming platforms offer creators opportunities for monetization through ads, subscriptions, and donations, creating a new economy around gaming.
4. Challenges:
a. Monetization Barriers:
Despite the large player base, monetization remains a challenge in the Indian market. Indian consumers are traditionally price-sensitive, with many players preferring free-to-play games or avoiding in-game purchases. This behavior limits the revenue generation potential from paid apps and premium game models, pushing developers towards alternative models like advertising and in-app purchases, which can be less lucrative.
b. Infrastructural Gaps:
While internet penetration has improved, there are still significant disparities in connectivity quality across regions. The gaming experience is heavily dependent on stable and high-speed internet, which remains inconsistent in rural areas. Poor infrastructure limits the reach of online games and hinders growth potential in parts of the country.
c. Cybersecurity and Privacy Concerns:
With the rise of online multiplayer games and gaming platforms that store personal data, concerns around cybersecurity and data privacy have increased. The lack of robust digital infrastructure in India raises the risk of data breaches, hacking, and cyberattacks. Companies must prioritize secure payment gateways, data protection measures, and user safety to build trust among players.
d. Talent Retention and Brain Drain:
Many of India’s top game developers are lured away by higher-paying opportunities in more developed markets like the U.S. or Europe. This brain drain leaves domestic companies struggling to retain talent and limits the potential for innovation within the country. Retaining skilled developers and offering competitive salaries and career progression opportunities are critical challenges for the future of Indian game development.
Key Indicators Analysed
• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Indian Market Analysis: The report includes Indian market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Video Game Market
• Overview of the regional outlook of the Video Game Market
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
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