Mumbai: The Indian gaming industry is expected to grow 32% at Rs3,100 crore by 2014, a top industry official said.
“Indian gaming industry is expected to grow at a Compounded Annual Growth Rate (CAGR) of 32% to Rs3,100 crore by 2014 with factors such as a young population, rising disposable incomes, increasing wireless users and proliferation of developers and publishers,” Maya Academy of Advanced Cinematics (MAAC) business head Kumar Warrier told PTI here.
MAAC is a leading player in high-end 3D animation in India.
The size of the Indian gaming industry was estimated at around Rs790 crore in 2009, compared to Rs650 crore in 2008, implying a growth of 22% during the period.
While addressing a special seminar for students and professionals seeking a career in the gaming industry here, Matthey Jaffery of Electronic Arts, UK, said, “the increasing telecom bases and the expected roll-out of 3G services are likely to provide efficient high-speed data networks to mobile gamers. The telecom subscriber base is expected to increase to 725 million by 2013 with a mobile penetration of 60%.”
The console gaming industry in India is expected to grow at a CAGR of 19% from Rs580 crore in 2009 to Rs1,160 crore by 2014 on the back of increasing disposable income and favourable demographics, India’s largest Gaming company Gameshastra’s Vijaya Raghavan, said.