The Indian gaming industry is estimated to create over one lakh direct and indirect jobs by 2022-23 and approximately two lakh jobs by FY24, according to a report by TeamLease Digital. Moreover, the industry is estimated to grow by 20% to 30% by FY23. Some of the leading in-demand jobs across the gaming industry include developers, testing engineers, gaming animators, and gaming designers.
“We are witnessing current demands of approximately over 50,000 to 80,000 job roles involving developers, programmers, testers/artists and customer support,” the report says.
Notably, the development comes months after the Ministry of Electronics and Information Technology (MeiTY) set up an inter-ministerial task force to propose the rules and regulations for the domestic gaming industry including the creation of a central regulatory body in order to regulate online gaming, under the purview of the prevention of money laundering act (PMLA) and the section 79 of the new Information Technology (IT) Act.
According to the report, India is the sixth biggest gaming market in terms of revenue. The user base in the domestic gaming industry currently stands at around 480 million. Moreover, the global gaming market is estimated to currently account for ₹17.24 lakh crore in terms of revenue. The report says that the industry is projected to grow from ₹7,037 crore in FY’19 to ₹38,097 crore in FY’26 by a factor of five. Moreover, the domestic gaming industry is likely to attract foreign direct investment (FDI) to the tune of ₹780 crore by FY23.
“With increasing adoption, Indian gaming players are seizing the opportunity to meet varied user demands. With imminent market growth, job creation in the gaming industry is set to touch highs,” the report says.
The Indian gaming industry has a workforce of 50,000 employees, of these 30% or 15,000 employees are programmers and developers.
Moreover, with the increasing participation of women in the gaming industry which accounts for more than 40%, more women are likely to occupy leadership roles in the gaming industry.
Munira Loliwal, business head, of specialised staffing, TeamLease Digital says, “By 2025, Game users are expected to rise by 50% as compared to last year, while the gaming industry is predicted to grow by 30% annually making it one of the fastest growing sectors in media and entertainment. With Gen Z being highly inspired by e-sports, it is yet another segment gaining immense popularity. Owing to its rising applications in allied industries, the gaming sector is speculated to open up new job opportunities in the future.”