Sreejita Talukdar, Content Writer, Siliconindia

After a brainstorming session in office, we need a moment of relaxation which will rejuvenate our body and mind. Gaming has the potential power to remove all the stress and it can offer a fresh air to breathe in. Gaming is referred as the fastest growing sector in the industry and technology is the key driver which is pumping up the industry. India has a bright and dynamic bunch of entrepreneurs, with diverse culture of innovation, and a widespread embrace of digital technology, which is helping the startup ecosystem of India to reach to an exponential height.

The digitalization is constantly fueling up the gaming industry in India and converting India as the brightest hub of bustling developers who are developing innovative and attractive games. India has witnessed a sharp increment in the number of gamers from 2018. During 2022, the number of gamers in India was recorded as 520 million, and it is expected to touch 700 million by 2025.

According to the Mordor Intelligence, the gaming industry in India is poised to grow $7.24 billion by 2029, with a CAGR of 15.68% during 2024 to 2029.

Notable Driving Factors of Gaming Industry in India

Gaming industry has seen an explosive growth which is reflected in its profit percentage. In 2020, the Indian gaming market was approximately estimated to be worth $1.2 billion, making it one of the fastest-growing segments within the entertainment sector. From 2020, the Gaming Industry is going through a noteworthy transformation due to introduction of new technologies like Artificial Intelligence, Machine Learning, AR&VR, and more.

Besides technologies, its major driving factors are more penetration of smartphones in the society, more number of internet users, higher disposable income, modern nuclear family, and sudden change of view for gaming in the society. Gen-Zs are embracing gaming technology to stay happy and stress-free, which is also a key driving factor of rapid expansion of this industry. Due to such trajectory growth of gaming industry, young generation is choosing this as their prospective career opportunity.

Now-a-days online gaming industry is gaining very much popularity in Tier-II & III cities having a wider user base. Talented and skillful startups are emerging in the gaming industries which are creating innovative tools for streaming and content editing. These can also help in doing important tasks like video editing, managing live streams, and creating polished videos with layered effects and voiceovers, making it as effortless as posting a picture on social media. The emergence of 5G technologyis another driving factor of the growth of gaming industry.

“Education should learn from the positive side of gaming – reward, accomplishment, and fun”, says Sebastian Thrun