 "mobile gaming")
India’s mobile gaming sector will grow from $1.5 billion of revenue in 2020 to $5 billion by 2025, according to a report published by VC firm Sequoia and management consulting company BCG on Wednesday.
While India’s gaming company initially monetised through in-game advertising, 80 per cent of the $1.5 billion generated by mobile gaming in 2020 came from in-app purchases and real-money game (RMG) spends, the report said. There are now over 300 million gamers in India, and revenue across all gaming devices reached $1.8 billion in 2020, up 500 per cent from 2016.
Investors are bullish on gaming platforms
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