Mobile game downloads to grow at a CAGR of 58% in next 5 years: NASSCOM Report
Reports released at the NASSCOM Game Developer Conference 2016 demonstrate substantial growth of the Indian Games Market
The National Association of Software and Services Companies (NASSCOM) in association with App Annie and Deloitte, recently released two white paper reports outlining substantial growth in the mobile and applied games sectors in India and the opportunities for both local and foreign mobile game publishers and investors, as well as best practices for applied game developers.
Rajesh Rao, Chairman, NASSCOM Gaming Forum said, “Both the Mobile Gaming on the Rise in India and the Applied Games in India white paper reports, demonstrate the growth of both mobile and applied games in India, for both local and international developers and publishers. At NASSCOM Gaming Forum we are excited by these findings and the opportunities these give to both local developers and publishers and look forward to continuing to build a thriving and innovative games economy in India”.
The NASSCOM Gaming Forum and App Annie report ‘Mobile Gaming on the Rise in India’ discusses how Indian consumers are taking to games, with game downloads doubling in the last two years, and the overall amount of time Indian users spent in mobile games growing sharply over the past year.
The NASSCOM Gaming Forum and Deloitte report ‘Applied Games in India’ discusses the growth of applied games with a focus on traditional learning, business, marketing or social experiences, that are predominantly used for simulation based training (in the fields of aviation and military). The reports discusses how the Indian market for applied games is expected to grow at a compound annual growth rate of 14-16 per cent, from USD 40 million in 2016, to USD 80 million in 2021. Currently across India there are 40 developers of Applied Games (Independent studios, IT firms venturing into Applied Games and e-learning companies), that operate out of Bangalore, Hyderabad, Mumbai and NCR.
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