India esport market Trend Analysis, Report 2022-2028

1. India eSports Market, By Revenue Source, Size, Share, Trend Analysis, Opportunity and Forecast Report, 2022-2028

2. India eSports Market - Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that India eSports Market was worth USD 33.50 million in the year 2021. The eSportsmarket is projected to grow at a CAGR of 32.5%, earning revenues of around USD 245.21 million by the end of 2028. The landscape of the sports industry is anticipated to change as esports gain popularity. Major esports revenue sources include media rights, tickets and merchandise, sponsorships, direct advertising, and publisher fees. Over the past five years, demand for sponsorships and advertisements, two major revenue-generating streams, has grown significantly. Additionally, the market expansion is being impacted by rising penetration among young gamers and influencer-driven marketing..

3. Growth Drivers Right Set of Skills among the Gamers from Tier I or II Cities and Launch of 5G Data Network will Fuel the Market The fastest communication network currently in use, 5G, is gradually spreading to all nations including India. The goal of 5G wireless technology is to provide more users with faster multi-Gbps peak data speeds, extremely low latency, increased reliability, massive network capacity, and a more consistent user experience. New user experiences are enabled by increased performance and efficiency, which also propels the eSports market. Moreover, Twitch and other streaming platforms have attracted viewers by streaming esports and gaming. Esports tournaments have captivated athletes and celebrities, as well as a large audience.

4. Restraints  Lack of Standardization in eSports Industry Because the esports industry is still in its early stages, both companies and players face numerous challenges. Many tournament participants and gamers have difficulty determining the legitimacy of tournaments. Along with the growing number of tournaments, the number of scams and fraudsters is also growing, posing challenges for genuine and legitimate esports tournament organizers. The lack of standardization in the esports industry reflects the consistent issues that players, tournaments, teams, and their advertising, sponsorships, or contracts face.

5. Impact of COVID-19 on India Electric Bicycle (E-Bike) Market The COVID-19 pandemic outbreak has had a favorable effect on the expansion of the esports industry. People are now forced to interact with one another through digital and virtual platforms and mediums due to the imposition of lockdown and social distancing norms. Esports has also arisen as a result of digital transformation in the online gaming industry. However, the limited availability of auxiliary equipment, such as gaming setup, joypads, and console sensors & screens, had an impact on the implementation of esports. However, the esports market is anticipated to grow rapidly over the next few years thanks to the loosening of lockdown norms and regulations.

6. India eSports Market – By Device Type Based on device type, the India eSports Market is segmented into smartphones, Smart TVs, Desktop –laptop tablets, and Gaming consoles. Among these, the gaming console segment dominates the Esports market share, and this trend is expected to continue over the forecast period. The growth of this segment can be attributed to a variety of benefits provided by this device type, such as excellent gaming quality, which leads to a much better gaming experience, high security, and so on. All these factors boost the growth of the India eSports Market during the forecast period (2022-2028). Sample Copy: https://www.blueweaveconsulting.com/report/india-esports-market/report-sample

7. Competitive Landscape The leading market players in the India eSports Market are Nazara Technology, Jetsynthesys, Nodwin Group, Gaming Monk, Neon Gaming Studio, Team Brutality, League of Extraordinary Gamers (LXG), Viacom 18, Esports Federation of India, and other prominent players.

8. Key PlayersNazara Technology, Jetsynthesys, Nodwin Group, Gaming Monk, Neon Gaming Studio, Team Brutality, League of Extraordinary Gamers (LXG), Viacom 18, Esports Federation of India, and other prominent players.

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