eSports and gaming industry in India grows by 21 per cent amidst lockdown: Report

eSports and gaming industry in India is one of fastest-growing industries in country and has reportedly attracted more than $350 million in investments from venture capital firms from 2014-2020. current coronavirus lockdown has been a shot in arm of eSports industry, with reports suggesting a growth rate of more than 21 per cent. eSports sector has been a welcome boost to fans, who have resorted to mobile applications to pass ir time during lockdown, with all sporting activists suspended to contain threat of virus. 

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Lockdown results in 21% growth of eSports and gaming industry in India: Report 

According to a report Gaming–India Story by Maple Capital Advisors, investment in eSports sector is expanding at an annual rate of over 22 per cent and is currently valued at a staggering $930 million. investment bank expects growth rate to furr increase to 41 per cent, citing growth of digital infrastructure and a substantial rise in quality and engaging gaming content as reason. While fantasy sports apps like Dream11 have taken a hit amidst lockdown, gaming sector has received a renewed push with consumption growing at least 20-30 per cent. 

Pankaj Karna, founder and MD of Maple Capital Advisors, believes investments and growth in eSports and gaming sector is likely to double in next couple of years. Karna adds that marquee venture capitalists like Airtel have introduced significant investments and it is likely that private investment will push esports and gaming in a more meaningful way going forward. According to report, re are 300 million online gamers in India, and number is expected to grow at 47 per cent by 2022.

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Maple Capital Advisors report states that Teen Patti, PUBG and 8-ball Pool are amongst India's top online games. Gaming India report also suggests that fantasy gaming and eSports apps like Dream11 have taken a major hit due to suspension of IPL and or leagues. Dream11 along with MPL, MyTeam11, Halaplay and 11wickets were cities as one India's key e-sports firms. However, report suggests fantasy gaming and sports apps like Dream11 are likely to pick up and probably will attract more gamers after lockdown.

trend suggests that Indian gaming is prospering due to increase of multi-player formats especially in games like Teen Patti, 8-ball Pool and Ludo. Investors like Airtel are showing more interest in Indian gaming startups and re is a significant increase in consumption and creation of local Indian gaming content. report states that during first month of lockdown, gaming consumption increased by 21 per cent. Airtel's partnership with DWIN Gaming is likely to boost eSports sector in India and could well surpass expected $3.75 million figure in 2024. 

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