The mobile gaming market in India is expected to grow to $3 billion by the year 2023. This would be a significant increase in a market that is currently valued at $1.2 billion.
According to The Hindu Business Line, the gaming industry “has been a Covid-19 beneficiary.” With the growth of the gaming industry, “experts expect even e-sports is likely to follow the same growth path as traditional sports.”
CLSA is an independent research firm based in Hong Kong. In a recent report, they said, “in India, the ecosystem has upgraded with 4G mobile networks, in conjunction with low data costs, rising smartphone penetration, and Covid-19, so mobile gaming is thriving.”
The current population of India is 1.366 billion people. 365 million of those individuals currently participate in mobile gaming. Those numbers are only expected to grow over the coming years.
(All information was provided by The Hindu Business Line)