According to the report, the gaming market is set to reach $8.6 billion in FY27, up from $2.6 billion in FY22.įurthermore, the report also revealed that the number of gamers in 2022 was recorded at 421 million which is expected to cross 442 million by 2023. India recorded more than 750 million active internet users in 2022 with the majority of them playing online games across various platforms and genres. A recent report on the online gaming industry – e4m-GroupM ESP Online Gaming Report 2023 – indicates that the gaming market in India will see a CAGR of 27% by 2027 thanks to access to affordable smartphones, high-speed internet connection and increased interest in gaming during the lockdowns.
