VentureBeat and Fortune report on Lumikai's research report - India's gaming market to grow to $9.2B
- Lumikai
- Nov 12, 2024
- 1 min read
Lumikai’s latest State of India Interactive Media and Gaming Report FY24 has been featured in VentureBeat and Fortune, spotlighting India’s booming gaming industry. The report highlights India’s gaming market growth from $3.8B in 2024 to a projected $9.2B by 2029, reflecting a 20% CAGR.
Key insights include:
Gaming now contributes 30% of India’s $12.5B new media market.
With 591M gamers, 23M new users joined in FY24, including 8M paying gamers.
Mid-core games drove a 41% YoY increase in in-app purchases, the fastest-growing revenue stream.
India is emerging as the next global gaming hub, with rising engagement, culturally resonant IPs, and accessible platforms fueling growth. As noted by our founding partner, Salone Sehgal, the sector mirrors China’s gaming surge of two decades ago. You can read the Venture Beat article here: https://venturebeat.com/games/indias-game-market-could-grow-from-3-8b-to-9-2b-by-2029-lumikai/ You can read the Fortune article here: https://www.fortuneindia.com/macro/indias-gaming-market-set-to-soar-to-9-bn-driven-by-in-game-purchases/119098
Fascinating to see India’s gaming market poised to skyrocket to $9.2B by 2029—innovations in hardware like flexible PCBs from tracewidthcalculator could even further boost accessible, mobile-first gaming experiences that are driving this growth.
Interesting to see major outlets highlighting the projected growth of India’s gaming market and its broader implications. Reports like this spark useful discussion around industry trends. For communities summarizing such insights, has anyone chosen to hire a blog post writers for analysis? I came across PayssomeoneTo while exploring how others share market research clearly.
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