PRESS RELEASE
Published August 7, 2023
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.
Esport, or electronic sport, refers to the organized, competitive world of video gaming. It involves individuals or teams competing against each other in various video games, often in professional leagues and tournaments. The characteristics of Esport include structured rules, professional players, coaches, analysts, and often significant monetary prizes for winners. The features of Esport extend to live streaming, sponsorships, and a substantial fan base, similar to traditional sports. It provides a platform for gamers to showcase their skills, strategy, and teamwork, often in games requiring complex decision-making and hand-eye coordination. Esport’s growing popularity has led to its recognition in various media and entertainment sectors.
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India Esports Market Trends:
The trend towards digital entertainment and competitive gaming is one of the key factors driving the expansion of the India Esport market. In alignment with this, Esport, or electronic sports, is increasingly being recognized in India as a legitimate form of sport and entertainment, significantly boosting market growth. Besides this, advancements in gaming technology and internet infrastructure are enabling the provision of high-quality Esport experiences, further augmenting market growth in India. Moreover, the emphasis on youth engagement and technology-driven leisure has escalated the demand for Esport, as it fosters community, competition, and skill development. This factor, coupled with the rising awareness of Esport as a professional field with potential career opportunities, is stimulating market growth in India. Additionally, the increasing demand from advertisers, event organizers, and individual consumers for engaging and dynamic gaming content is accelerating market expansion. Furthermore, the alignment with global Esport trends, along with governmental policies supporting digital growth and innovation, is creating a positive market outlook in India. Other factors, such as investments in research for developing advanced gaming technology, creating Esport leagues and tournaments, and the emergence of companies specializing in Esport production and distribution within India, are propelling market growth in the country.
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
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