Multi-Player Format to Witness Significant Adoption in India Online Game Market till 2024
Rising youth population, availability
of low-cost smartphones and launch of new game formats to drive India online
game market through 2024
According
to TechSci Research report, “India Online Game Market By Device, By Player Format, By Game Model, Competition,
Forecast & Opportunities, 2024”, India
online game market is expected to register
strong growth during 2019-2024, as more and more people are getting
inclined towards online games for entertainment. Sophisticated gaming
techniques and increasing consumer disposable income are driving the online
game market of India, which is the second largest smartphone market. Moreover, government
focus to provide affordable high-speed internet is anticipated to positively
influence the country’s online game market during forecast period.
Browse 26 market data Figures spread through 110 Pages and an in-depth TOC on "India
Online Game Market"
https://www.techsciresearch.com/report/india-online-game-market/3997.html
India online game market can be segmented based on device,
player format, game model and region. In terms of device, the market can be categorized
into console, PC and mobile. On account of increasing penetration of
smartphones, mobile is the most lucrative segment in the country’s online game
market. Based on player format, the market can be bifurcated into single player
and multi-player. Sing player is the dominating segment as more and more people
are opting for single player, as it is easy to play anytime and anywhere.
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EASport, Tencent, StomStudio, Nazara
Technologies, AGTech Holdings Ltd., 2K Games, Inc., Gameloft, Ubisoft, Rockstar
North, Zynga, 99Game, etc., are some of the leading players operating in India
online game market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share. The country has more than 250 game development companies, as of 2018,
which were mere 25 companies in 2010. Additionally,
government initiatives, such as Start-Up India, are encouraging new start-ups
in the online game market.
“Online game market in India is expected to grow at a double-digit
CAGR during forecast period, owing to the presence of favorable demographics, surging
smartphone user base and increasing penetration of internet. Moreover, rising
inclination towards online gaming for stress relief and social interaction
would further steer growth in the market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Online Game Market By Device, By Player
Format, By Game Model, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India online
game market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India online game market.
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