New Delhi: According to a new report by market research firm Niko Partners, India now has the second largest gamer base in the world with 396.4 million gamers. The country now makes up 50.2 per cent of all gamers in the top 10 Asian countries' list.
"India is also the fastest growing market with a 5 year growth rate of 21 per cent for revenue," mentioned the report titled 'The Asia-10 Games Market'.
Niko Partners projects the Asia-10 PC and mobile game market will generate $35.9 billion in 2022, reaching $41.4 billion in 2026.
"Gamers are increasing at a much faster rate than revenue. Niko Partners projects the Asia-10 PC and mobile gamers will total 788.7 million in 2022, reaching 1.06 billion in 2026," the report said.
India, Thailand, and the Philippines are the fastest growing markets for games' revenue and number of gamers.
Japan and Korea are the most mature markets in the Asia-10 region, accounting for over 77 per cent of revenue, said the report.
The report also forecasts that the industry in ten countries viz. China, Indonesia, Malaysia, Singapore, Thailand, Japan, Vietnam, Korea, Philippines and India will see a massive boost over the next five years
Recently, according to a study by Hewlett-Packard (HP), gaming is seen as a serious career option in the country. Further it stated about the co-existence of both of the prominent gaming platforms in the country, i.e., PC's as well as mobiles.
The gaming sector in the country is expected to grow much higher and is likely to contribute up to one lakh direct and indirect jobs in the upcoming year, according to another report by TeamLease Digital.
-IANS Inputs