India is one of the biggest market when it comes to Esports but a fact that I will share with you next will blow your mind as the country is contributing 1% of the global gaming community and currently they are lagging behind United States and China. But of late, research has shown Indian esports market has potential to reach market size of 11 billion at the end of FY25.
Several factors like cheap data services, high-speed 4G connectivity and affordable smartphones will play an important role in enhancing the evolving market of Indian esports.
India is the second largest population of Internet consumers in the world with active 658 million user and better Internet penetration and growing access of smartphone esports in India is becoming popular in Tier 2 and Tier 3 cities.
Gaming in India will drive revenue close to 5 billion in 2025 as the gaming community is just starting to hit his stride and most of esports audience is GenZ looks to gaming 25 percent of their personal entertainment.
Live streaming of esports tournament in India is attracting fans in the same way traditional leagues like IPL and all those people who shelled out on tickets to a movie or IPL match are excited to witness about spending money on esports game.
Increasing viewership in Esports is also due to big companies who are tying with different gaming organisation where they are sponsoring tournaments and professional teams. The industry of Esports is tech-driven and lot of talks around esports companies selling their NFT where they are converting virtual avatars in game rewards and streaks into NFTs.
The current Indian industry of Esports hires 40,000 people across various domain and this number will jump empatically at the end of 2024 where more than 2 lakhs people will be employed in this fastest growing ecosystem.
Esports will be a big space to watch as many users will shift from traditional gaming to esports based on growing presence of digital users and GEN Z audience attracted towards the space of gaming.
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