Indian mobile gaming market is poised to reach new heights. The mobile market has been growing rapidly and offering immense opportunities to players in the business. Rising penetration of smart phones and availability of high speed networks, like 3G and 4G services in the country backed by a growing mobile subscribers’ base, increasing percentages of young population, steadily rising disposable incomes and a proliferation of game developers are propelling the growth.
The research study, “Indian Mobile Gaming Market Forecast to 2017,” by RNCOS’ clearly highlight main the areas offering promising possibilities for companies to boost growth. The market will the size of reach INR 18.5 Billion in 2017 and grow at a CAGR of nearly 24 percent during 2013-2017. The tremendous growth of the market is driven by factors, such as rising penetration of tablets, increasing 3G subscribers, and propelling MVAS market.
The market outlook says the mobile gaming market at consumers’ end dominates the market by acquiring a share of around 70%, followed by services market. In addition study also covers the detailed analysis of opportunity areas which helped the analysts to clearly identify and highlight segments that offer the maximum opportunity for growth in the country. The study focused on Tier-1 and Tier-2 cities with a standard sample size and considered people from different backgrounds.