The current size of the Indian esports industry is Rs 250 crore and is expected to grow at an average annual growth rate (CAGR) of 46% in the next four years. According to a report released by the consulting firm Ernst & Young, by 2025, this number will quadruple to Rs 1,100 crore.

The prize money pool in India is expected to grow at 66% CAGR and may reach Rs 100 crore during the period. Different from online games, esports is defined as online skill games played in tournaments, where different teams or individual players compete with each other to win championships, leagues, just like other sports. This country is growing faster than the global esports industry and is expected to reach 1.5 million players and 250,000 teams by 2025.

India’s esports prize pool only accounts for 0.6% of the global prize pool, but it is expected to reach nearly 2% by 2025. The growth of the prize pool is still one of the most important and motivating factors for attracting new audiences of serious gamers. By 2025, streaming media advertising revenue is expected to grow to Rs 650 crore and will be generating the largest portion of esports revenues. It is expected that tournament sponsorship and joint revenue will be 45% higher than the compound annual growth rate and reach Rs 350 crore in 2025.

E-sports in India is a story of rapid development. Esports can be considered as an outdoor game where you don’t need to step out from your house or do any physical exercise, but it will definitely help you build your skills. It has become even popular during the Covid-19 pandemic. It has also become an attractive option for brands that connect with a young and strong audience base which are more interested in playing games and who really want to build their future in this gaming industry.

Currently, there are about 150,000 players and about 60,000 teams, and as esports becomes a viable career for young people, the number of esports players is expected to grow at a rate of 78% per year to 1.5 million players and 250,000 teams. There is a growth in this industry through which you can earn money, know more about more games, localization, regional customization, and the growth of smartphones, laptops, and broadband infrastructure.

Mobile esports competition is increasing day by day and this is leading to great competition in building this gaming industry. Esports is an opportunity to strengthen India’s soft power worldwide because major promoters such as the Asian Games and the South Asian Games have included esports in their official competitions, Nine Indian esports athletes participated in the 18th Asian Games in 2018, and one of them won a bronze medal.

Credits: FreePressJournal