India has a long way to go in making a mark on the global esports landscape as we saw in our previous analysis on the domestic esports market and how it compares to China and other countries.
Despite the positive and encouraging growth in esports viewership and gamer base, which have together nearly doubled from 2018, the early nature of the esports market is still something of a hurdle for growth. With a revenue share of around 9.8% in the global esports revenue in 2020 with a projected audience of 17 Mn by the end of this year, as per our analysis.
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The low market share in revenue, however, has not been a deterrent to user growth. India is fast emerging as the next hot destination for esports games and companies, thanks to a combination of factors such as the rapid proliferation of smartphones, the emergence of esports cafes backed by tech…