Technology, Media, and Telecommunications Predictions 2021
Let the games begin India is set to witness a boom in online gaming as several favorable factors converge
Globally, the video game industry dwarfs the cinema box office (being around four times the size of the box office revenues).1 However, in India, the gaming industry is less than half of box office collections.2 This gap is expected to narrow, with several factors converging and providing a tailwind to the gaming industry. The Indian online gaming industry was estimated to be US$1.1 billion in 20193
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with ~5% share of the Indian Media and Entertainment (M&E) industry.4 We predict that the online gaming industry in India will continue to grow rapidly. The industry is expected to grow at a CAGR of 40% untill 2022, taking the market size to US$2.8 billion by 2022, and strengthening the sector’s share of total M&E by 4−5%.5 This growth would be majorly driven by mobile gaming as 85% of the online gaming in India takes place on mobile.6
