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Noida, Uttar Pradesh, India, 2011/03/18 - With rising adoption and increasing penetration of mobile gaming, India mobile gaming industry will surge at 74% CAGR during 2010-2013, RNCOS identified.
According to our latest report “India Mobile Gaming Analysis”, Indian mobile gaming industry has been witnessing tremendous growth on the back of smart phones, GPS enabled sets, and 3G handsets. Consumers have also given tremendous response to the world class offerings of domestic and foreign players and accepted new revenue models, which are directly linked to the industry’s developments and future expansion. Moreover, with the rising adoption of mobile games and increasing penetration of smart phones, mobile gaming industry is expected to grow at a CAGR of around 74% during 2010-2013.
Our ongoing analysis found that, in coming years, mobile gamers penetration will significantly grow with the 3G roll out and decreasing downloading charges of mobile games. Regular entry of international majors and dynamic market strategies of home grown players will ultimately lead to a highly competitive mobile gaming market, where consumers will be benefitted by the high quality and decreased costs. Besides these fundamental factors, positive shift in consumers’ behavior towards mobile gaming as a source of entertainment has contributed towards the development of the concerned industry.
Further, the market is mainly dominated by domestic companies. These homegrown companies have been witnessing rapid growth in their overall revenue compared to their foreign counterparts. However, it has been anticipated that, during the forecast period, entry of international majors will balance the market dynamics and result in competitive product pricing and overall improved quality. These proceedings will benefit the consumer most and will help propel industry’s future growth.
“India Mobile Gaming Analysis” is an outcome of extensive research and objective analysis of the burgeoning Indian mobile gaming industry. The report provides statistics/information on overall industry developments along with current and future market projections. It also facilitates deep market understanding on industry segments and various games categories including role playing, social games, and locations based games. Additionally, all important industry drivers and restraints have been included to provide a balance research outlook of the concerned industry. The research will help consultants, industry analysts, and vendors to get in-depth knowledge on the current, past, and future performance of the industry.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.