India Esports Market is projected to reach US$ 522.6 Million Growing at a CAGR of 21.1% during 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "𝐈𝐧𝐝𝐢𝐚 𝐄𝐬𝐩𝐨𝐫𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖″, The India esports market size reached US$ 165.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 522.6 Million by 2028, exhibiting a growth rate (CAGR) of 21.1% during 2023-2028.

Esports, or electronic sports, are competitive online gaming tournaments that enable an individual or more than one professional player to compete in a multiplayer environment. They can be participated by amateurs and skilled gamers for leisure or to receive professional championships. Esports are currently available in various modes, including first-person shooter (FPS), player-against-player (PvP), multiplayer online battle arena (MOBA), and real-time strategy (RTS). These games are operated on diverse platforms, including tablets, mobiles, and gaming consoles. Apart from this, esports includes the usage of several software to plan and advertise events, handle user registration, carry out branding efforts, and arrange prize pools.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐠𝐞𝐭 𝐚𝐧 𝐢𝐝𝐞𝐚 𝐨𝐟 𝐨𝐮𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/india-esports-market/requestsample

India Esports Market Trends:

The increasing popularity of video games amongst younger demographics, especially during the COVID-19 pandemic, and the emerging trend of esports tournaments for gamers and spectators are majorly driving the market growth. Moreover, the introduction of a more franchise-style league and monetization of the games through one-to-one sponsorship, streaming revenues, and impressive international prizes are favoring the market growth. Additionally, technological advancements in specialized live streaming platforms, virtual reality (VR) products, and consumer spending on advanced gaming consoles to have immersive experiences are propelling the market growth. Furthermore, the widespread adoption of the free-to-play (F2P) gaming model to allow players to pay for extra or supplementary content with no introductory fees is impelling the market growth. Besides this, the proliferation of smartphones and electric device users and the ongoing investments being made by prominent brands to organize esports events are supporting the market growth in India.

India E-sports Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the India e-sports market has also been examined along with the profiles of the key players.

Key Market Segmentation:

The report has segmented the India e-sports market on the basis of revenue source, games, platform and region.

Breakup by Revenue Source:

• Advertising
• Media Rights
• Merchandise and Tickets
• Publisher Fees
• Sponsorship

Breakup by Games:

• Multiplayer Online Battle Arena (MOBA)
• Player Vs. Player (PvP)
• First Person Shooters (FPS)
• Real Time Strategy (RTS)

Breakup by Platform:

• PC-Based Esports
• Consoles-Based Esports
• Mobile and Tablets

Breakup by Region:

• North India
• West and Central India
• South India
• East India

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=4457&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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This release was published on openPR.