How 2021 is the year of growth and engagement for the esports sector – The Financial Express

How 2021 is the year of growth and engagement for the esports sector – The Financial Express

In 2020, esports was responsible for 4% of all online gaming users and constituted 9.13% of aggregated revenue out of the overall online gaming market in FY20.In 2020, esports was responsible for 4% of all online gaming users and constituted 9.13% of aggregated revenue out of the overall online gaming market in FY20.

By Ishaan Arya

The gaming and esports sector in India is witnessing growth and has been proliferating at a good pace. With the easy availability and accessibility of technology and the internet, the online gaming industry is booming. The concept is quite recognized and famous now, especially in the millennial and gen Z generation.

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It is transforming and evolving at a rapid pace. Even the user psyche has also undergone a shift from casual games to professional video gaming along with esports and online gaming. The testimony for this statement lies in the increased preference and immense recognition of games like PUBG Mobile, FreeFire and Valorant. However, a notable trend is that esports is welcoming budding gamers as well. It is now a cohesive model wherein one can find both professional and amateur gamers working collaboratively in sync.

Rise of esports investment in India

The sector is also being supported and has exhibited a rise in investment in India. Various angel investors and venture capitalists have
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