New Delhi, July 13, 2023: The gaming market in India is valued at $2.6 billion in Financial Year 2022 and is projected to rise by 27% annually to $8.6 billion by 2027, according to the State of India Gaming report released on the sidelines of the3rd Edition of the India Gaming Conclave 2023, which began here yesterday.
The next phase of growth for gaming in India is fuelled by the rapid adoption of 5G, Cloud Gaming, Gamification, Popularity of E-sports tournaments and Mobile Gaming devices among others was highlighted on the sidelines of the conclave.
The event themed ‘What 2023 Holds For India’s Gaming Industry As Next Frontier For Entertainment’ was supported by industry partners including MediaTek, OnePlus, Gamezop, Bright Data, Clear Trust and All India Gaming Federation.
“The India Gaming Conclave served to define the Indian gaming landscape and layout a future course for the rapidly growing sector. As the fastest-growing industry in India, mobile gaming continues to be one of the focus areas for MediaTek," said Anuj Sidharth, Deputy Director, Marketing & Corporate Communications, MediaTek India.
“The Gaming Industry in India has witnessed a great interest in recent years. It’s a baby full of exuberance and a bundle of energy. Its exploring with every passing day and minute. It’s starting to get on its feet and at times discovering its own path. It’s a unique market, which needs solutions of its own. I am sure smarter players will be able to make a distinct mark and show to the world, what makes a right play for this market. It’s a most exciting place to be present, in current times. I congratulate Konnect Worldwide Business Media for conceptualizing this exceptional platform,” said Nitin Goel, Country Manager – India Subcontinent, Gameloft
Industry experts present at the India Gaming Conclave included Sr. level leadership from JUNGLEE Games, PENTA Esports, Gamezop, MYFAB11, VIDA World, RELIANCE GAMES, Bright Data, GAMELOFT, XR Central, LOCO, PlayCKC, STAN, Upthrust Esports and All India Gaming Federation among others.
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