Indian Mobile Gaming Market to Grow at a CAGR of 24% by 2017

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MobileGamesWhat do you do when you are bored while waiting for your food to arrive, you unknowingly or sometimes out of habit take out your phone and start playing games. When angry birds were introduced it became a huge hit amongst mobile users. Not only teenagers even adults enjoyed the simple game of throwing the bird to the pig. Technology has made anything possible. A compact gadget like mobile can entertain us for hours together. People are addicted to their phones even if there is a minute free time they would spend it on their phone.

Earlier there were video games, then came PSP, there were computer games also, but it wasn’t portable. Mobile phones always had games, but with passing year it became better and better. With the increase in the number of smart phones in the market, the Indian mobile gaming market has subsequently increased. Indian market being an emerging economy has seen a tremendous growth in the mobile gaming market years. With 3G and 4G services coming on the market, the opportunities have increased in the mobile market for investors.

A market research report estimates that by 2017 the Indian market is to reach a compound annual growth rate (CAGR) of 24% and the market value being INR 18.5 billion. Other compelling factors are better tablets, increase in the number of 3G subscribers.

There was a time when only working adults could afford a mobile, the trends are changing and now-a-days even school goers are having mobile phones. This is one market which will see a constant growth even during rough times.