According to the most recent report, the government has formally recognized the fastest-growing gaming community “Esports” as the official game in the country, indicating that the future of Esports is bright in India.
The accessibility of smartphones has increased this game’s appeal to new heights.
In this essay, we will discuss 5 Key Parameters that are vital for advancing the development of Esports in the nation. Let’s examine it in greater detail:
- Increase in Digitization: Due to increase in digitization, affordable smartphones and cheaper data will propel the growth of Esports industry in India.
Based on reports in different media outlets, Esports industry in India is expected to grow at CAGR of 46% which will make this industry revenue close to 1100 crore by 2025.
- Clear Cut Distinction between Real Money Gaming and Esports Gaming: Based on new update released by Government clear cut distinction in terms of the definition has been established to describe the difference between Real Money and Esports Gaming which has given clarity to all stakeholders and fans and due to which Esports is seen to be heading in the right direction.
- Right Foundational Talent Setup: With framework has been already established, it is all down to set up the right foundational talent as doing that will create numerous job opportunities in Esports.
If we simply stick to the reports from different media outlets, more than 11,000 jobs will be created in gaming industry directly or indirectly at the end of 2025 and these brilliant talents will enable them to drive the massive growth of Esports industry in India.
- More Sponsorship involvement in Esports: There will be recruitment of new athletes, in Esports ecosystem who will be backed by sponsors and the backing will eventually help to drive the growth of Esports industry in India.
- More Involvement of Female Gamers: If we simply go by data and statistics based on different media outlets, more female gamers will purusing career in Esports and they are more actively involve in the game as compare to male gamers which plays an important role in driving Esports industry in India.
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