Revenue is steadily increasing due to a better supply of games and a greater propensity to pay. In FY22, midcore games (a mix between casual and hardcore games) like Battlegrounds Mobile India and Free Fire were the fastest growing category, coming in at 32%, with total revenues worth US$ 550 million. Revenue: The bulk of the current gaming market revenue (57%) comes from real money gaming (RMG) however, in-app purchases are anticipated to drive future growth at a 34% CAGR between FY22 and FY27.India's gaming market size is estimated to be around US$ 2.6 billion in FY22, and it is predicted to reach US$ 8.6 billion by FY27. This growth is aided by an abundance of creative talent in the country, with Indians possessing a diverse skillset across IT, design, development, and testing. Today, the Indian game developer ecosystem has plenty of opportunities to innovate and create exciting content with engaging social and cultural contexts appealing to the Indian consumer, thanks to a rising customer base and established e-commerce solutions. India's massive youth population is fuelling this expansion, along with higher disposable incomes, new gaming genres, and an increase in tablet and smartphone users making gaming easily accessible.Īlong with gamers, the game development community in India has also been on a steady rise. India's nascent gaming industry has had a remarkable rise in recent years, quickly propelling it into one of the biggest global markets for gaming.
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