[ad_1]
You are reading Entrepreneur India, an international franchise of Entrepreneur Media.
A recent report released some interesting insights into the esports industry, pointing out how India is poised to become the world’s largest gaming hub. With the resurgence of multiplayer gaming, prominent esports titles nearly doubled to 19 titles in 2023, with 1.8 million Indians participating and available on 20 platforms.
Key findings from the report include:
1. The viewership of game streamers has increased by 20%-25%, especially in Tier-II cities.
According to the EY-Loco Gamer Survey, 78% of respondents had participated in an Esports event, and all watched at least one tournament per month.
2. Shooting games remain popular in India, generating 24% of in-app purchase revenue, followed by strategy games.
3. Gaming platform Loco estimates that online viewership will grow by 20% in 2023. He also believes that 4% of his total YouTube viewership is related to gaming.
4. Watch parties are on the rise, where groups of fans watch games together and interact with each other during gameplay.
5. Apart from an increase of over 30 million smartphone users in India, low data charges and rising per capita income, the popularity of gaming influencers (who attract large numbers of followers on social media and short video platforms) ) helped attract a new group of players. . Smartphone users are expected to increase from 574 million to 640 million by 2026. Wired (or similar) broadband should almost double from 38 million to 68 million.
Source: FICCI-EY report “Reinventing: India’s media and entertainment sector is innovating for the future”
[ad_2]
Source link
