According to the "State of India Interactive Media and Gaming Report" by Lumikai, India's gaming industry, with 44 per cent of its 591 million gamers being women, is the world's second-largest mobile gaming market standing behind China. The industry has grown significantly, reaching $3.8 billion with a player base of 591 million. The broader new media market is expected to reach $12.5 billion in FY24, with gaming and video content accounting for over 60 per cent of the market share.
The Lumikai report further highlighted a 30 per cent increase in weekly gaming hours and a user base of 148 million paying players. It forecasts a revenue hike of $9.2 billion by the fiscal year 2029. The report released jointly with Google and Deloitte states that India, the world's second-largest mobile gaming market and 3.5 times larger than the U.S. and Brazil, faces profitability challenges due to tax impacts despite rising sector revenue.
Lumikai's Founding General Partner, Salone Sehgal, praised Insignia as a platform for collaboration among industry leaders and investors. The event highlighted India's gaming potential, with a 30 per cent increase in weekly hours and 148 million paying players, attracting international attention and investment. Global gaming and tech leaders were present in Lumikai Insignia discussed technology fusion, PIF initiatives, AI, cloud gaming, and graphics advancements.
Current Issue
Most Viewed
- 1 Talented Indian Female Actors Who Also Moonlight as Successful Producers
- 2 7 Indian Female Podcasters You Must Know About
- 3 7 Powerful Independent Indian Women Journalists Who are Voices of Change
- 4 Ruchikaa Kapoor Sheikh: The Creative Mind Behind Netflix India's Popular Shows
- 5 7 Most Influential Women Educators India has had over the Years
- 6 11 Breakthrough Female Faces Ruling the Indian OTT Platforms
- 7 8 Timeless Female Indian Classical Dancers & their Legacy
- 8 Women's Health Startup HerMD Closing Doors Amid Industry Challenges
- 9 Real Meets Reel: A List of 11 Indian Movies based on Real Women
- 10 Rasha Hassan: A Visionary Leader On A Mission To Transform Dubai's Real Estate Landscape
- 11 5 Indian Women-led IPOs You Must Know About
- 12 11 of the Most Iconic 21st Century Women to become "The First Indian Woman"
- 13 India's 7 Funniest Women Stand-Up Comics You Must Follow
- 14 Aparna Purohit : Leading India's Most Popular OTT Platforms
- 15 How Leaders Can Balance Risk & Innovation in Today's Banking Landscape
- 16 Dr. K. Shilpi Reddy: Sculpting Healthier Futures For The Next Generation With Reforms In Obstetrics Care
- 17 Sylvia Dcosta: A Visionary Business Leader Pushing The Limits And Setting High Professional Standards
- 18 Top 5 All-Rounder Women Cricketers of India
- 19 How Tata AIA is Empowering Women with Insurance That Understands Their Needs
