Multi-Player Format to Witness Significant Adoption in India Online Game Market till 2024

Rising youth population, availability of low-cost smartphones and launch of new game formats to drive India online game market through 2024

According to TechSci Research report, “India Online Game Market By Device, By Player Format, By Game Model, Competition, Forecast & Opportunities, 2024”, India online game market is expected to register strong growth during 2019-2024, as more and more people are getting inclined towards online games for entertainment. Sophisticated gaming techniques and increasing consumer disposable income are driving the online game market of India, which is the second largest smartphone market. Moreover, government focus to provide affordable high-speed internet is anticipated to positively influence the country’s online game market during forecast period.

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India online game market can be segmented based on device, player format, game model and region. In terms of device, the market can be categorized into console, PC and mobile. On account of increasing penetration of smartphones, mobile is the most lucrative segment in the country’s online game market. Based on player format, the market can be bifurcated into single player and multi-player. Now a days, more and more people are opting for multi-player, as it offers opportunity for social interaction and engages more gamers.

AGTech Holdings Ltd., Tencent, StomStudio, Nazara Technologies, EASport, 2K Games, Inc., Gameloft, Ubisoft, Rockstar North and Zynga are some of the leading players operating in India online game market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. The country has more than 250 game development companies, from mere 25 companies in 2010. Additionally, government initiatives, such as Start-Up India, are encouraging new start-ups in the online game market.

“Online game market in India is expected to grow at a double-digit CAGR during forecast period, owing to the presence of favorable demographics, surging smartphone user base and increasing penetration of internet.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Online Game Market By Device, By Player Format, By Game Model, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India online game market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India online game market.

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