Indian mobile gaming market to cross                $400 million by 2022: Report

=> According to the CII-TechSci Research report, revenues from mobile-based gaming stood at $265.8 million last year and is forecast to touch $286.2 million in 2017.

Gaming industry in India has witnessed a shift from console gaming to mobile gaming, with growth and improvement of wireless connectivity in the country. Ease of playing mobile games coupled with rising mobile phone subscribers has fuelled growth of mobile gaming in India over the last few years," it said.The report added that increasing number of mobile internet users, coupled with development of new and advanced games, has also boosted mobile gaming market in the country.Overall, the Indian gaming industry was valued at $543 million in 2016 and is projected to grow to $801 million by 2022."In 2016, India accounted for a share of 0.55% of the global gaming industry and this is anticipated to grow significantly over the next five years, on account of macroeconomic factors such as improving demographics, rising disposable income, changing gaming preferences of the consumers, etc," it said.Moreover, increasing focus of gaming companies towards Augmented Reality (AR) and Virtual Reality (VR) related games in the country is expected to boost India's gaming market in coming five years, it added.Console gaming accounted for the second largest share of 35.51% in India's gaming market in 2016, followed by computer gaming (15.54% share).

NEW DELHI: India's mobile gaming market is poised to top $400 million by 2022, driven by growing adoption of freemium and virtual reality games in the coming years, a report has said.Freemium is a business model where basic services are provided free of charge but one has to pay for using the more advanced features.