India Set To Become Largest Esports Market In South Asia
Dr. Manoj Kumar Shah
State Co-Convenor, Foreign Affairs Department (OFBJP), BJP-U.P. | Chairman, MSME & Startups Forum - Bharat | Digital Health, HealthTech & MedTech Enthusiast | TeleRadiology | Healthcare4ViksitBharat@2047
India is rapidly emerging as a major hub for Esports in South Asia and beyond. Our talented players are already making their mark on the global stage, winning medals at prestigious events like the Asian Games. According to Cybermedia Research, the Indian Esports industry is poised for exponential growth, projected to reach over ?1000 crore with a 24% CAGR in the next five years.
This explosive growth presents a golden opportunity for startups to innovate and develop products and services that will support this burgeoning ecosystem. Companies like Nodwin are already leading the charge with significant initiatives in the Esports segment.
The Esports industry is also creating a wealth of new job opportunities for skilled IT professionals and others. From game development to social media marketing, numerous roles are emerging in this fast-evolving sector. Recently, Prime Minister Modi met with top Esports players to discuss potential government regulations that could further strengthen this ecosystem.
Esports is undoubtedly the next frontier in India's vast gaming industry. Thanks to the Digital India campaign, high-speed internet has reached even the most remote parts of the country, laying the groundwork for a tech-enabled industry like Esports. In the near future, Esports is set to become a household name in the Indian tech sector.
Stay tuned as we witness the rise of Esports in India and the incredible opportunities it brings for innovation, employment, and global recognition.
India's rapid growth in the Esports industry is truly commendable. It's inspiring to see our talented players shine on the global stage, showcasing the immense potential of our country. Keep up the great work!