Esports is not a new phenomenon. The first esports event actually took place at Stamford University in 1972. However, it took several years before esports really rose in popularity. Now, there are many platforms and software developers that specialize in online gaming.
Big names that are
benefiting from the popularity of esports and online gaming in India include
Twitch which allows gamers to live stream games like PUBG mobile, NetEnt that
delivers software for players to enjoy and experience roulette
games for free and Tencent, the company that is responsible for
publishing PUBG mobile. These names are just part of the story, with massive
game titles Call of Duty, DOTA and Overwatch continuing to be big news in India
and across the world.
Since the early days of esports, the growth of the industry has been impressive. Globally, it’s expected to be worth around $2.17 billion by 2023. Esports is one of the fastest-growing industries in the world. This growth includes India where the healthy economy and young population make online gaming hugely popular.
The Indian esports industry is seen as being one of the most lucrative markets in the world. This has led to the emergence of many gaming startups in the country, such as JetSynthesys, FanMojo, and Nodwin Gaming. The ongoing growth of this type of company is likely to raise India from its position at around 17th in the global gaming industry. This rise is likely to be aided by the increasing amount of purchasing power in the country and the increasing appetite that people have to make a living from gaming.
The growth of esports in India is important if the country is to secure its place in the billion-dollar global industry. This is likely to happen because the giants of the esports world are already watching the gaming world in India closely and they are making significant investments.
There is also great
enthusiasm for esports from approximately two million fans in the country and
from approximately two million viewers who follow them online. This fanbase has
enabled the growth of big gaming events in India, such as the Indian Gaming
International names like APUS and Yoozoo Games have also established footholds in India. They are increasing their investment to millions of dollars which can only help the Indian esports industry to experience further growth. Given the increase in investment in esports in India and the affordability of gaming kit, things are looking good for esports in India overall. This is good news for gaming enthusiasts in the country and for the many esports and gaming startups. It’s also good news for professional gamers as available prize money at esports tournaments continues to increase. India may have only just started out showing its potential as a major player in the industry but it’s certainly making impressively positive strides towards further success
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