The question is, what is the projected market size of India’s gaming industry by 2025, and the answer to that is in billions. Not only has it just generated revenue, but it has also created a lot of employment for the people of our country.
As per a survey, the market value of the gaming industry across the world is around $199.74 billion in 2022. The future predictions suggest that this value will see a significant increase and climb up to $307.19 billion by 2029.
Some of the games developed in India are Battlegrounds Mobile India, Candy Crush Soda Saga, Ludo King, Prince of Persia, Real Cricket 24, Carrom Pool, Call of Duty, and Teen Patti.
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Projected market size of India’s gaming industry by 2025?
India’s projected market size for the gaming industry is set to reach around $4.5 billion by the end of 2025. The All India Game Developers Forum (AIGDF) determines this value through a survey. It has also created a total of 250,000 job opportunities. In the coming years, the job opportunities will increase. India’s remarkable growth in gaming is attracting demand from all over the world.
One thing is clear that mobile gaming is a large contributor to this growth, as smartphones have become less expensive and internet access is increasing. India’s huge youth population has a desire to game, as well as Real Money Gaming (RMG). The participants who can either win or lose real money while gaming attract capital and investment.
The growth of smartphone use and cheap internet connections means that more people from rural India are able to participate in gaming. Mobile games are on a rapid rise as mobile gaming is easy to access. It doesn’t require an expensive investment or specialized equipment.
It’s important to know this growth comes with some issues, too. There are still some rules and laws regarding gambling that are undecided at this point.
