What is the future of e sports in India?

According to Lumikai , the Indian gaming market hit $2.6 billion in fiscal year (FY) 2022 and is projected to reach $8.6 billion in FY27. With such a massive growth, the future of esports in India looks promising, with a rapidly growing audience and increasing investments in the industry.

Does esports have future in India?

According to the FICCI-EY Media and Entertainment Report 2022, the number of esports players in India doubled from 300,000 in 2020 to 600,000 in 2021, while the revenues increased by 29% from INR 7.5 billion in 2020 to INR 9.7 billion in 2021 For India to capitalise on the growth of the esports industry, there are ...

Is esports growing in India?

The eSports industry in India is experiencing rapid growth, with numerous players competing in local, regional and international tournaments. The revenue of the eSports industry in India for the financial year 2021 was around 2.5 billion Indian rupees.

Does esports have a future?

The future of the esports industry will likely be powered by mobile, which will further reduce barriers to entry and allow even more gamers and fans to pour in. The mobile gaming segment is set to make up 45% of the total global games market this year.

What is the future of Indian gaming industry?

The Indian gaming market is expected to grow from $2.8 billion in 2022 to $5 billion in 2025, growing at a CAGR of 28-30%. The quantity of gamers in the nation is supposed to expand from 420 million in 2022 to 450 million by 2023, and it hit 500 million by 2025.

6 Reasons Why Esports Is Still A *RISKY* Career In India

Why esports is not growing in India?

Gaming in general is looked down upon, and esports, even as a term, creates pause in majority of the population. Many believe this could be due to a lack of exposure of anything gaming and esports related in Indian media and television. Indian gaming and LAN tournaments get little to no coverage in traditional media.

Is esports a viable career in India?

“The e-sports ecosystem has a lot of potential to generate not just around Rs 10,000 crore in economic value for India, but also create over 11,000 jobs by 2025.” The e-sports ecosystem consists of the game publishers and developers, teams, federations and players, and tournament organisers.

Will esports replace sports?

At this point, it's almost impossible to see a future where esports is bigger than traditional sports. While the esports industry can grow to epic proportions, it'll likely never rival the traditional sports industry.

What are the future predictions of esports?

The esports market is estimated to grow at a CAGR of 21.81% between 2022 and 2027. The size of the market is expected to increase by $3,515.1 million.

Which esports is popular in India?

Which is the biggest esports in India?

Dota 2's The International showcases highest prize pool i.e. $40M in 2021. The Indian team has secured the bronze medal in the Commonwealth Esports Championship 2022.

Who is the richest esports in India?

Sahil Jakhar aka “Omega” is a popular esport player in India known for the famous esports Team-SouL. He is the In-game leader (IGL) of the SouL esports Team representing their BGMI scene for a long time. This highest-paying esport player pocketed around $34,432 or ₹28,30,959 approx. in 2022 via BGMI esports.

What is the news about esports in India?

Is esport a promising career?

Many individuals are choosing a career in esports because of its booming industry, exciting work atmosphere and occupations with transferable skills. Because esports is still a growing field of entertainment business, there can be a lot of start-up companies and roles that might have several entry-level openings.

What is the future of gaming 2050?

One feature that did come up a lot was removing the need for a console in 2050. Instead, gamers would just need a holographic HUD or dashboard that they can turn on with just a button and choose what they want to play. This would remove the need for making space for consoles, or even choosing which console to buy.

How much will the esports industry be worth in 2030?

Global Esports Market Report 2023-2030: A $1.39 Billion. Global Esports Market Report 2023-2030: A $1.39 Billion Market in 202...

Will eSports surpass NFL?

To put that into perspective, consulting firm Activate predicted that in 2021, 79 million people in the U.S. will view Major League Baseball content, versus 84 million watching esports. This year, Activate suggests that NFL viewership will be the only sports audience larger than esports.

Is eSports more profitable than sports?

The global sports market makes between $300 billion to $600 billion a year in revenue. In comparison, the global eSports market generates less than one percent of that revenue annually.

What is the alternative to eSports?

The best alternatives to Instant eSports are E-SportStats, Yahoo, and Camelot. If these 3 options don't work for you, we've listed over 10 alternatives below.

Who is the king of esports in India?

Jonathan Amaral, also known professionally as Jonathan Gaming, is an Indian esports player who is known for playing Battlegrounds Mobile India (BGMI). He's often considered as one of the Greatest ever Player to compete at professional stage of the game.

Does esports have a future in Asia?

As a matter of fact, the Asian Electronic Sports Federation expects an even stronger increase in viewership, participation, and revenue for the Asian market in the future. These increases seem to have forced an esports push in the Asian market.

Who is the target audience for esports in India?

Gen Z and younger millennials remain the primary target audience for esports businesses.

Who is the fastest growing gamer in India?

Ajay, popularly known as Total Gaming (or Ajju Bhai), is an Indian gaming YouTuber. He was born in Ahmedabad, Gujarat, and is the most subscribed Indian gaming YouTuber.

How big is India eSports market?

Revenue in the eSports market is projected to reach US$28.81m in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 12.55%, resulting in a projected market volume of US$46.23m by 2027. The market's largest segment is Media Rights with a market volume of US$14.09m in 2023.