Mobile market has grown significantly over the past couple of years in India. New insights regarding the impact of smartphones on various industries and customer segments are continuously being uncovered. In particular, the gaming industry is undergoing a massive evolution because of the mobile revolution. Investments from big players such as Alibaba, Tencent, Nazara and Youzu has led to a rapid growth of gaming in India.

The market value of the gaming industry in India was around 62 billion Indian rupees in 2019 and was estimated to go up to over 250 billion rupees by 2024. The number of new job opportunities in the country’s gaming industry is a clear indicator of the constant evolution of this sector. By 2022, the estimated number of employees within the market would be over 40 thousand.

As the country with the largest youth population in the world, India is embracing the new generation’s interests in digital sports and entertainment. Approximately 55 percent of casual gamers and 66 percent of the heavy gamers across India were seen to be below 24 years old in 2016. Of these, the heavy gamers simply preferred to use their mobile phones as gaming devices instead of the traditional desktops or even laptops.

Mobile gaming in the country is growing at a rapid rate due to development and affordability of smartphones. The market value of mobile gaming in India was estimated to reach about 405 million U.S. dollars by 2022. The number of mobile phone gamers was anticipated to be around 628 million by 2020 according to the forecast.

Computer and console gaming has played a huge part in shaping up the gaming industry across the country in the last two decades. The market value of computer gaming was estimated to be around 96 million U.S. dollars in 2019.

With an ecosystem allowing hundreds of start-ups launched every year and thousands of existing start-ups, Israel is an emerging market for outsourcing solutions to game development services in the country. The game developers in Israel are highly skilled, and with inflowing venture capital, have the resources to deliver high quality. With the advent of smartphones and growing demand for entertaining and engaging games, a huge market has emerged ready to be catered with new, trending, and interactive gaming.

Relevant companies, interested to learn more on Israel innovative technology are invited to contact the Trade and Economic Department at the Israeli Consulate General in Bengaluru.

For further queries:
contact: Kavitha Saravanan, Trade Officer, Trade and Economic Mission
Tel: +91-80-49406515.