The mobile gaming market is now a hundred billion dollar industry. The Business Research Company reports that the industry hit a whopping $118.34 billion last year and is expected to peak at $138.63 billion by the end of this year at a CAGR of 17.1% becomes.
Some of the most important markets for the mobile gaming segment are China, Japan, USA, South Korea and Canada. But India is also moving fast and now has a burgeoning local market for mobile games.
So what is the local mobile gaming scene in India like? We take a closer look at the latest numbers, current profiles and the future of the industry.
India’s mobile gaming industry in numbers
Indians love to play mobile games, including real money games, and place sports opportunities on websites and apps like 10CRIC. No wonder, as the country loves sports, especially cricket. Check out the 10CRIC app for the best odds.
As in the rest of the world, the mobile gaming sector in India is expected to grow this year. Revenue is expected to reach around $1.5 million and the CAGR from this year to 2027 is 7.28%.
By 2027, the number of mobile phone gamers in the country is expected to grow to 239 million. User growth is 13.8% this year and is expected to reach 16.3% by 2027.
With over 1.5 billion phone numbers, India is the second largest country with the most mobile phone users. With over 1.6 billion phone numbers, it is right behind China.
As of 2022, an estimated 840 million of these mobile users are online, and that’s 60% of the country’s population.
When it comes to which Indian states play mobile games the most, these are Uttar Pradesh, Maharashtra, Rajasthan, Bihar and West Bengal.
Why mobile gaming is more than successful in India
The pandemic has clearly been a key driver of the sector’s substantial growth in recent years. Apart from that, the rollout of 5G connection is in the country. Last year was a big year for telecom companies to finally make 5G services available.
Telecom companies have successfully achieved their deployment targets, but they are not finished yet, and the government is also making efforts to promote 5G deployment in various key segments.
With this, we can assume that more people will be willing to go online with their mobile devices. This is certainly good for other mobile internet dependent industries like mobile gaming and online gambling.
Along with faster mobile data, smartphone affordability also plays a role in the growth of mobile users. There are now affordable mobile devices that won’t break the bank or are simply more accessible to more people.
There are also mobile games now that are more understandable for the locals. Online casino apps like 10CRIC now offer traditional Indian games like Teen Patti, Andar Bahar and Satta Matka.
It’s no secret that Indians love to play real money games. Gambling is part of the culture of India and even before the online version of these traditional games, Indians often played them, especially on important occasions like Diwali.
Mobile gaming trends
When it comes to trends, many Indian players seem to love playing ludo dice, snakes and ladders, carrom, fruit darts and block puzzles. It shows that the country isn’t too keen on AAA games just yet, and all because the popular games are more accessible with mobile devices.
Online casinos and sports betting are also growing significantly, and some states such as Telangana and Andhra Pradesh have already imposed bans on mobile gambling activities.
The states of Karnataka and Tamil Nadu are also actively pursuing a blanket ban on online gambling. These local governments have concerns about the risks associated with online gaming and gambling.
There have been reports of an increase in suicide rates due to online gaming-related activities. Families are also affected as members show signs of addiction to online gambling.
While the rise in online gambling activity can be seen as something great for the Indian economy, without proper regulation it could have a negative impact on consumers. For now, we can only wait and see if more states will regulate or ban these activities.
For the states of Tamil Nadu and Karnataka, the regulations they are pushing to ban certain online gambling activities could be negotiated later this month.
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March 16, 2023