![]() ![]() A special shoutout to Real Cricket here - the first Indian esports game the world will play and compete in!Īlso, with esports cutting across borders, it has paved the way for vernacular content creators to connect with their community easily, and for gamers across the board to come to the centre-stage. motivate players through monetary incentives, recognition, and awards to train and play better. make next-gen, compelling games which can engage Indian-origin sensibilities and sensitivities, and 2. As esports becomes a viable profession, especially for the youth, brands operating in the space have their job cut out too – 1. The aforementioned EY report states that India has 1,50,000 players and around 60,000 teams currently and the number is expected to grow at 78% CAGR by 2025 to reach 1.5 million players and 250,000 teams. Needless to say, it is up to the many stakeholders of the sector to ensure its bright future materialises so let’s promptly deep dive into the potential growth areas and the next steps for each.įirst up are the players and the companies who make up the core ecosystem. This internet and mobile penetration helps bring a fragmented market together, making esports a major driving force for the gaming industry in India. In fact, for the first time in history, rural India has a higher internet penetration than metros with 227 million active internet users, which is 10% higher than urban India at 205 million, as per the Internet and Mobile Association of India (IAMAI). One of the major factors for this is that esports is no longer a metro phenomenon. ![]() With the country's esports industry growing at a faster pace than the global esports industry, India is also concentrating on growing its prize pool which is expected to grow at 66% CAGR to reach ₹1 billion by 2025. A recent EY report stated that the esports industry is expected to grow at a compound annual growth rate (CAGR) of 46% to touch ₹11 billion by 2025. Even though a nascent industry, it is already pulling in the big bucks and contributing to India’s economy something which especially came handy at a time when the world was hit with the biggest black swan event of the decade, the Covid-19 pandemic. Probably on the path to being recognized at the Olympics as well, the category has witnessed a massive growth over a short span of time. His homecoming however was an elaborate celebration filled with politicians, prominent personalities, citizens, friends, and family congratulating him on winning the bronze in Hearthstone, the esports demonstration event at the Asian Games 2018, becoming India’s first esports medallist at the global tournament.Ĭut to 2021, the gaming industry cheered for yet another win as esports would finally debut as an official medal sport at the 19th Asian Games 2022, a landmark event in the history of the gaming industry. Just another passenger, not a lot of people recognized the new athlete the Asian Games was going to see that year. Young 23-year-old Tirth Mehta picked up his bags and flew to Jakarta back in 2018. Rajan Navani, Vice Chairman & Managing Director, JetSynthesys writes on the state of esports in India and what opportunities lie ahead.Esports has witnessed a massive growth in India over a short span of time.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |