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Esports: A Success Story In The Making

Esports in the past were looked at with a grim. But not anymore. Times have changed and so has the outlook with respect to esports in the country. This industry is now booming like never before and technology is helping it flourish even more. The pandemic may have hit us very hard, but the spirit to play and win was never deterred. There is Augmented Reality and Virtual Reality which leaves our minds blogged with its supremacy. 3D technology, processors, streaming equipment, input devices and monitors among other things have boosted the overall experience. 

Esports tournaments are being hosted on par with traditional sporting events. Nobody can turn a blind eye towards the exponential growth in the esports industry in India. The aggregate value of esports brands in India touched the $68 million mark in 2020; the industry is touted to grow by a CAGR of 36% in the next three years.

We spoke to Vishwalok Nath, Director, ESPL (Esports Premier League), India Today Gaming, to know more about esports and its future in the coming years. We asked Nath about esports setting the temperatures soaring apart from gaining solid ground in India. 

The ESPL top boss says, “The esports industry is at a nascent stage in India. We are working on the wider acceptance of the industry in the mainstream. This will help push the major stakeholders to set-up the funding and infrastructure required to promote esports to the next level. It is a long journey where high-profile tournaments like ESPL will help the industry to achieve success. According to the latest KPMG report, gaming industry revenue is expected to reach ₹29,000 crore by 2025 from ₹13,600 crore in 2021. This projection of 2.2x increase provides us with the scope of growth that ESPL can achieve in the coming years.”

Further we also quizzed Nath about the challenges he faced when it came to hosting a large scale esports tournament amid a pandemic. The ESPL Director states, “The primary challenge is both the scale as well as the somewhat disperse geographic spread nature of ESPL during an ongoing pandemic. These two aspects are not unique to any nation-wide esports tournament that were hosted across the globe during a pandemic. The good thing is that we can manage everything from the comfort and safety of our homes. We can have many players without inviting them to a stadium to ensure everyone’s safety.”

If numbers are anything to go by, then esports is steadily making a headway for itself. There is no denying that more players are taking to esports and also professionally. The growth numbers are indeed magnificent with reports stating that esports contributed 4% of all online gaming users. 

Furthermore, the esports industry contributed 9.13% of aggregate revenue towards the online gaming market in the year 2020. Only time will tell us how high esports will soar with the help of investments, infrastructure, tech advances and the ever increasing number of gamers in the country.

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