“While real-money gaming (RMG) will continue to dominate the market, in-app purchases (IAP), virtual gifting, etc. Access to gaming is democratized with increasing participation from Tier-II cities and beyond, gamers are maturing in the way they play different gaming genres, and unprecedented growth in new-paying users (NPU) to drive the overall gaming market to become 3X in the next 5 years,” Mukesh Kumar, engagement manager at RedSeer Consulting, said. “This is an exciting time for the gaming ecosystem in India. This, according to the RedSeer report, “will drive the growth of paid gamers” in the country. Paid gamers in India are expected to reach 235 million by 2025, also up by more than three times from the 80 million gamers recorded in 2020. By 2026, the domestic gaming market is forecast to reach $7 billion-more than three times its value in FY2021, according to a report by RedSeer Consulting and gaming and interactive media venture fund Lumikai.
Three years from now, the India gaming market will see a growth three times in magnitude on the back of the robust expansion across casual gaming and online betting with real money games segments. 3x growth for paid gamers user base by 2025 With a total gamer base of 425 million, India is now one of the fastest growing gaming markets in the world-and it’s not stopping there. There’s no way to go but up for India’s gaming market.
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