Future of Esports in India – Records and Predictions for Gamers

Few sectors have had the pleasure of having their financial affairs go according to plan over the previous 14 months. especially the sports industry, where losses have been extremely significant. There was nevertheless some that persisted into modern times. The esports sector has comparatively done well throughout the pandemic across all verticals. But in this thread, we start by talking about how the Indian esports market is doing.

We will talk about the sector’s growth over the previous year as well as the future of esports in India. But first, let’s quickly review how it has performed recently both abroad and in India. There are 250 game development companies presently, up from 25 in 2010, and there are now 250 million video players worldwide, up from 20 million in 2010.

Nazara Technologies submitted the first IPO proposal from an Indian gaming company at the beginning of 2021. The nation has long been viewed as a sizable prospective market for almost all industries. Consumption is still rising, despite what the country’s economic statistics indicate. And fortunately for esports, Gen-Zers are the target audience.

In terms of customer psychology, multiplayer and competitive video games have supplanted casual ones. Since last year, PUBG Mobile, FreeFire, and Valorant have been increasingly popular and preferred on everyone’s smartphones and gaming consoles.

In India, investments in the sector have increased significantly. According to the Investment Intelligence report, venture capital funds have put $438 million into Indian gaming start-ups since April 2020.

According to a survey by Investment Intelligence, venture capital funds have invested $438 million in Indian gaming start-ups since April 2020. During the 2020 fiscal year, esports start-ups in India invested a total of $68 million.

Future of Gaming and Esports in India

Industry estimates place the number of gamers in India at above 300 million. The industry is growing and evolving in light of the situation.

The following are some of the major factors that will propel the sector’s growth in the approaching years:

Live Streaming has Improved Attendance:

Live streaming will be embraced by the esports and gaming industries, increasing viewership. Regional and real-time broadcasting of gaming content will result in the growth of a solid, substantial, and varied fan base. Their popularity will consequently increase, as well as viewership. India’s demographics are the best in terms of young and interconnected communities.

Due to its content and tech-savvy characteristics, it is one of the major markets for esports and video gaming.

Raising Prize Money and Career Possibilities:

Tournament honours and cash pay-outs are rising and will continue to rise. Competitions in esports between cities and regions are growing, as are brand sponsorships.

The prize money is encouraging young people to pursue esports and online gaming as full-time employment. Numerous employment choices are available. Aspiring players would be more likely to be created and developed as a result.

Educational Use of Esports:

The epidemic boosted business growth and the adoption of digital technology. Additionally, it helped India’s esports business grow. It is predicted that esports will be included in the curriculum and taught to students as a full-fledged course.

Soon, the educational sector will provide degrees and certificate programs in esports. If the best trainers, players, and athletes are hired, there will be a rise in employment and job searchers. This will support the development of a sizable gaming, esports, and society community.

Growing Use of Mobile Phones or Smart Phones

According to a BARC & Nielsen study, between 60% to 68% of people play mobile games on a weekly basis. Additionally, after the lockout, gamers played mobile games for 218 minutes weekly, up from 151 minutes before to the suspension.

As cellphone use increases globally, this number is anticipated to rise. High-speed broadband is also now more widely available. The growth of esports and online gaming can go hand in hand with the acceptance of smartphones.

It will be essential for the sector’s growth in India. The Indian gaming industry—and esports in particular—has grown from nothing to become a multibillion-dollar economy. Despite its fair number of failures, the sector is brimming with energy, creativity, and opportunity.

Rising mobile phone use, increased capitalist investment, and more corporate partnerships are all factors in India’s esports industry’s expansion. The time has come for those with an interest in this sport to take the initiative and demand more of it. Technology is one of the few things that adds value to all kinds of companies, and as we move closer to a society that depends more heavily on technology, the threshold will only keep going up. The growing esports business will provide more work alternatives for driven individuals.

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