India eSports Market , By Revenue Source, Forecast 2022-2028
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting , revealed that India eSports Market was worth USD 33.50 million in the year 2021. The eSports market is projected to grow at a CAGR of 32.5%, earning revenues of around USD 245.21 million by the end of 2028. The landscape of the sports industry is anticipated to change as esports gain popularity. Major esports revenue sources include media rights, tickets and merchandise, sponsorships, direct advertising, and publisher fees. Over the past five years, demand for sponsorships and advertisements, two major revenue-generating streams, has grown significantly. Additionally, the market expansion is being impacted by rising penetration among young gamers and influencer-driven marketing. The eSports market has been stimulated by young people's use of social media and live video streaming. The market for eSports is thriving because so many companies are using at...