Mobile gaming poised for rapid growth in India: Study

MUMBAI: India has become a high growth potential market for the global mobile gaming players, according to RNCOS research report ‘India Mobile Gaming Analysis‘.

The 71 per cent CAGR market growth during 2010-2014 readily confirms Indian market’s attractiveness and calls for foreign investments.
The industry has been witnessing phenomenal growth since 2005 and has outpaced other mobile gaming markets around the world. A vast mobile consumer base and increasing penetration of mobile gamers has transformed once a buzzword into a fully fledged industry.

The study revealed that, mobile devices have gained popularity and have become a vital source of information among youngsters. This is one of the major reasons for the unprecedented industry growth.
Total number of mobile subscribers is forecasted to grow at a CAGR of around 10 per cent during the fiscal period 2010- 2014. Growth in subscriber’s base will directly reflect in sharp increase in mobile gaming company‘s revenue as awareness levels and mobile games downloads are stupendously increasing in the country.

Further, at the overall gaming fronts, although the mobile gaming segment is relatively smaller in market size, it has experienced fastest development pace among the existing segments including PC, online and console gaming.

Consumer behaviour analysis identified that students represent half of the mobile gaming industry in India, followed by working professionals. The self employed and service class consumers are slowly but steadily shifting their preference from traditional mobile usage to value added services utilisation. It is anticipated that this consumer end will rapidly expand in coming years, which will attract more market players to enter this segment.

Latest Reads
India, China to propel APAC, beat CAS Europe market share

APAC is expected to overtake the market share of Europe in future due to an increasing demand for digital TV set-up boxes in countries such as China and India. North America and Europe dominated the global CAS market in 2015. APAC region is estimated to mark a growth rate of 12.0 per cent CAGR...

Technology Hardware Set-top Boxes
India lucrative market for 4K UHD STBs: Grand View Research

Here’s a view on the demand for 4K or ultra high definition (UHD) set-top boxes (STBs) in India.

Technology Hardware Set-top Boxes
Infor appoints Dass as south Asian subcontinent V-P

Infor, a leading provider of business applications specialized by industry and built for the cloud, has appointed Ashish Dass as the vice president and managing director for the south Asian subcontinent. Infor software helps eliminate the need for costly customization through embedded deep...

Technology Software Applications
Siti & DishTV opt for Conax conditional access

The Essel group has been using Conax’s tech for sometime now for its Siti Network (earlier known as Siti Cable). Now the group has extended that partnership for another product for both Siti Network and DTH operator Dish TV India. This time it is for the cardless set top boxes that the two are...

Technology Hardware Set-top Boxes
Imagine Communications extends functionality of Selenio One unified transcoding platform to OTT

MUMBAI: Imagine Communications, empowering the media and entertainment industry through transformative innovation, today introduced a high-density adaptive bitrate (ABR) transcoding product built on Selenio One™, the company’s software-defined linear transcoding platform. Selenio One is designed...

Technology Hardware Components
DJI Makes Your Smartphone Smarter with the New Osmo Mobile

DJI, the world leader in creative camera technology, Thursday launched the Osmo Mobile, an extension for smartphones that turns them into intelligent, precision camera systems.

Technology Hardware Components
Prime Focus Tech gets funding from PE firm Ambit Pragma

MUMBAI: Prime Focus Technologies (PFT) – the technology offshoot of media services company Prime Focus - informed the Bombay stock exchange today that it had received its first round of funding from growth capital private equity fund Ambit Pragma.

Technology Software Applications
Three new products developed by C-DOT launched on its Foundation Day

Communications Minister Manoj Sinha today expressed the hope that 100,000 Gram Panchayats (GPs) will be connected through Optical Fibre Cable (OFC) by March next to set up a network infrastructure to serve the rural masses.

Technology Hardware Distribution
Genpact and BITS partner to build talent in the field of analytics

Genpact (NYSE: G), a global leader in digitally-powered business process management and services, today announced a partnership with premier technical education university Birla Institute of Technology and Science (BITS) for offering training programs in the field of analytics.

Technology Software Middleware

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories