Growth Spurt for Indian Mobile

India’s mobile gaming market could grow to US$571.6 million sometime next year, according to a new research study. That’s a surge of more than 130 percent for the period between 2013 and 2016.

One of the world’s fastest growing markets

A new study by Newzoo and OneSky says the Indian mobile gaming market is poised for another big leap forward. The study says the market could reach US$572.6 million in value in 2016. That would amount to a “134.5 per cent compounded annual growth rate” for the three-year period between 2013 and 2016 (from about US$44.3 million in 2013), the research estimated.

It would make India one of the world’s fastest growing markets for mobile gaming, reported the Economic Times.

Revenues in India’s mobile gaming market “have grown more quickly than those in any other BRIC country,” the study said. There are approximately 131.7 million gamblers who prefer to play with smartphones and tablets gamers, the researchers added.