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Indian Gaming Market To Hit $4B By 2026

On September 13th, a new report was published by Research and Markets. In this article, it was revealed that the Indian gaming market was valued at $1.89 billion in 2020.

“A key shift in India that the gaming industry is witnessing is that now there is a lot more focus on game development,” the report reads. “In the past 2-3 years, more than 200 game development companies have come up, creating their own intellectual properties (IPs) in games. The COVID-19 pandemic, which has resulted in lockdowns, has accelerated online gaming in India. Time spent on games increased dramatically as virtual zones became avenues to socialize, connect, and compete.”

This piece also showed the Indian gaming market will be worth $4.01 billion by 2026. This means the Indian gaming sector will register a compound annual growth rate of 16.22% over the next five years.

Additionally, India was ranked the fifth-best mobile gaming market in the world. The report stated the country has over 220 million gamers averaging 42 minutes of mobile gameplay daily.

(All information was provided by Business Wire)

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