India Online Game Market : Size, Outlook, Trend and Forecast Till 2024
Posted by Sophia Jones on August 26th, 2019
Market Reports on India Provides the Trending Market Research Report on “India Online Game Market By Device (Mobile, PC and Console), By Player Format (Single Player and Multi-player), By Game Model (Free to Play, In-app Purchases and DVD Games), Competition, Forecast & Opportunities, 2024” under Information Technology category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
India Online Game Market is projected to grow at a CAGR of around 23% during the forecast period, on account of increasing smartphone user base, rising internet penetration and surging disposable income. Another factor which is directly impacting the market is age demographics. Major population in the country is young and below 26 years of age, which is the major age group segment in the online game market.
Generally, gamers engage in gaming for stress relief and social interaction. Owing to aforementioned factors, online game market in India is expected to register strong growth during the forecast period.
India online game market can be segmented based on device, player format and game model. On the basis of device, the market can be categorized into console, PC and mobile. Mobile segment dominated the country’s online game market in 2018 and is anticipated to maintain its leading position in the coming years as well, on account of affordable cost of smartphones and rising penetration of internet in rural and urban areas. In terms of player format, the market can be bifurcated into single player and multi-player. Multi-player segment is likely to grow at an impressive rate, as it engages more number of gamers and offers an opportunity for social interaction.
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Online game is gaining traction across the country. In terms of regional analysis, the market can be segmented into north region, south region, east region and west region. Online game market in north region is growing at a brisk rate, on account of high internet penetration in the region.
Major players operating in India online game market include EASport, Tencent, StomStudio, Nazara Technologies, AGTech Holdings Ltd., 2K Games, Inc., Gameloft, Ubisoft, Rockstar North, Zynga, 99Game, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. The number of game-developing companies grew from 25 in 2010 to over 250 in 2018. In 2018, Alibaba’s AGtech Holdings and India digital payment company Paytm, as part of a joint venture, launched Gamepindi in India.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of service providers across the country. Subsequently, Our Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research could include the service providers which could not be identified due to the limitations of secondary research. Our Research analyzed the service offerings, distribution channels and presence of all major service providers across the country.
Browse our full report with Table of Contents : http://www.marketreportsonindia.com/marketreports/india-online-game-market-by-device-mobile-pc-and-console-by-player-format-single-player-and-multiplayer-by-game-model-fr/1753769
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About the AuthorSophia Jones
Joined: August 22nd, 2017
Articles Posted: 752
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