Is India the fastest growing gaming market in Asia?

India is the fastest growing market in Asia-10 for both revenue and gamers and it is also the second largest games market in the world by gamers, behind China. India is a mobile first market with 98.8% of gamers playing on the platform, accounting for 85% of total market revenue.

What are the leading gaming markets in Asia?

India, Thailand, and the Philippines are the fastest growing markets for games revenue and number of gamers. Japan and Korea are the most mature markets in the Asia-10 region, accounting for over 77% of revenue. For 2022, Japan games revenue is down 2.6% YoY and Korea's is flat.

Is India on top of the gaming market?

Last year, India became the largest consumer of mobile games in the world, recording over 15 billion downloads, as per a report by Lumikai, a gaming-focused venture capital fund.

Is gaming industry growing in India?

A report by the Boston Consulting Group and Sequoia on India's mobile gaming sector shows that more than 300 million Indians play mobile games, and the gaming sector as a whole has grown at a compound annual growth rate of 38 percent in 2019-2020 and 37 percent in the previous fiscal year.

Which is India fastest growing gaming companies?

JetSynthesys, Octro, Hashcube, Games2Win, Mech Mocha, Dream11, 99 Games, Paytm First Games, Moonfrog Labs, and Nazara Technologies are the Top 10 Indian Gaming Startups in 2023. The country's recent digital revolution has given a huge boost to the development of Indian video games.

India: One of the fastest-growing gaming markets | Tech It Out

How is no 1 gamer in India?

Ajay, popularly known as Total Gaming (or Ajju Bhai), is an Indian gaming YouTuber. He was born in Ahmedabad, Gujarat, and is the most subscribed Indian gaming YouTuber.

How big is gaming industry in India?

Esports revenue in India grew by 29% from ₹750 crore in 2020 to ₹970 crore in 2021. The number of players doubled to 600,000 in 2021, while the viewership grew to 2 million hours in the same year. The number of players is projected to reach 1 million in 2022, of which 20 percent would be female.

Is India emerging as a gaming hub?

India flaunts around 420 million unique and dynamic online gamers. As per the report composed by Statista, it likewise has almost 500 million natives aged 15–35. These attributes imply that India has the stuff to be the fastest-developing business sector.

Is gaming future in India?

The Indian gaming and esports sector has witnessed tremendous growth over the past few years, and there is no doubt that this growth will skyrocket even more in the years to come. Industry estimates predict that the number of online gaming users in India is poised to grow from 481 Mn in 2022 to over 657 Mn by 2025.

What is the rank of India in online gaming?

India, Online, Game: India Is Home To 420 Million Online Gamers, Second Highest After China - Forbes India.

Which countries dominate the gaming market?

Which country has the biggest gaming market?

Leading gaming markets worldwide 2022, by revenue

As of 2022, it is estimated that the United States ranks first among the biggest gaming markets worldwide, with a revenue of 54.9 billion U.S. dollars. The video gaming market in China ranked second, generating an approximate 44 billion U.S. dollars in annual revenues.

Is gaming growing faster than social media in India?

In India, gaming is growing faster than most media sub-sectors, including OTT video, cinema, and home entertainment and audio. While India's gaming market is currently smaller than the US and China, it is worth about US$1.5 billion and is expected to triple in size to reach US$5 billion by 2025.

What is the biggest gaming market in Southeast Asia?

Indonesia's gaming market amounted to 1.68 billion U.S. dollars in 2020, the largest in Southeast Asia. In comparison, the gaming market in Singapore was valued at 327 million U.S. dollars in 2020 despite its small population.

How popular is gaming in Asia?

More than 82% of the region's online population in urban areas are gamers: 80% play mobile games.

Why is esports growing in India?

Esports in India is gaining momentum as an organized, competitive video gaming sector. With a large youth population and quick adoption of mainstream gaming, Esports in India has become the latest frontier for gamers and players alike to prove their mettle in organized tournaments on global platforms.

Why esports is not growing in India?

Gaming in general is looked down upon, and esports, even as a term, creates pause in majority of the population. Many believe this could be due to a lack of exposure of anything gaming and esports related in Indian media and television. Indian gaming and LAN tournaments get little to no coverage in traditional media.

Which game is developed in India?

One of the most ancient games that originated in India, Chess was initially called 'Ashtapada'. The game then came to be called as 'Chaturanga' during the rule of Gupta Empire. Persians who travelled to ancient India had picked up the game and named it as 'Shatranj'.

Is India becoming a tech hub?

As corporations look to adopt technology at a global scale, India has the opportunity to become a technology and innovation hub. India has demonstrated its strength of being one of the largest exporters of IT and BPO services globally.

Is India still an emerging country?

The emerging markets are the developing nations that have a crucial role to play in the global economy. The consistent GDP growth coupled with valuable investment opportunities is what makes any nation a contender for the same. India is one such emerging market!

Which is Indias biggest gaming facility?

Spread over 7000 sq ft, Hanusha E-Sports lounge in Indiranagar can accommodate 150 gamers and has 90 personal computers.

What is the gaming potential in India?

India is the world's largest mobile gaming market in terms of App downloads. Revenue from online gaming grew 28% in 2021 to $1.2 Bn and is expected to reach $1.9 Bn by 2024.

Which is the gaming capital of India?

This is the second year in a row that Lucknow has earned recognition for its gaming prowess—last year's IMGR revealed that growth in Lucknow outpaced all metros. Maharashtra, in the second spot, counts Pune as the number one gaming city. Pune registered 20% more gamers than Mumbai, which is placed second.

Which city has most gamers in India?

According to a survey released on Thursday, it had the most significant number of online gamers among all Indian cities in 2021.