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We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Additionally, lack of an industry nodal body, regulatory clarity and multiple ministries adds to it woes.ĮY | Assurance | Consulting | Strategy and Transactions | TaxĮY is a global leader in assurance, consulting, strategy and transactions, and tax services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. The industry, however, faces regulatory challenges and uncertainty such as misconception that esports is gambling or a game of chance and its consequent banning by certain states. About 85% of the prize money will be for mobile esports tournaments. The prize money or prize pool would likely contribute to about 10% to the esports economy FY 2025 and reach an estimated INR1 billion esports market size India by FY2025. Media broadcasting rights and advertisement sponsorship revenue together constitute this segment.
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Tournament sponsorship and syndication revenue would likely quadruple to more than INR3.5 billion CAGR growing at a CAGR of 45%. Eventually, the industry could explore subscription revenue models. However, the sport has a much larger economic impact: we expect it to generate economic value of around INR100 billion between now and FY2025.Īs esports grows popular amongst youth and the affluent, advertisers and agencies are expected to increasingly use esports tournament viewership to gain reach and engagement with the audience, growing over 4x to INR6.5 billion by FY25.
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Though at a nascent stage, the esports market size in India has quickly scaled to INR3 billion in FY2021 and we expect it to reach INR11 billion by FY2025. And as a mode of entertainment, it continues to serve hard core gamers as well as social gamers who wish to get competitive. As a game of skill accessible indoors and on the ubiquitous mobile phone, it gained much popularity during the lockdowns witnessed in 20. All of that perfectly combined with well-timed responses to game stimuli helps players excel and grow in the space.Īs a sport, it has steadily gained popularity with youth, and consequently has become an attractive option for brands to connect with young and empowered audiences. Like traditional sports, excelling at esports requires hand-eye coordination, attention, visual processing, executive function and strategy development. In esports, games are monitored and participants are actively playing and using their skills to win the championship. Esports also includes games which are the digital/virtual manifestations of traditional sports.Įsports is more versatile and adaptable than regular sports, and its tournaments vary in scale, operations and frequencyįurthermore, esports is indistinguishable from traditional sports. Unlike online gaming, esports is defined by online games of skill that are played in tournaments – different teams and individuals playing against each other to win the championship, league, title like physical sports. The need for an electronic device and online multiplayer game fuels the misnomer. As the popularity and frequency of esports tournaments grow, esports is often confused with online gaming.