TheIndian Esports Trends in 2024 industry is gearing up for substantial growth in 2024, fueled by the preparations for the Aichi-Nagoya Asian Games 2026, where Esports has been confirmed as a medal sport. The sector, which experienced a meteoric rise in the previous year, is expected to attract more players and generate increased revenue.
Key Points:
Aichi-Nagoya Asian Games 2026:
Esports being recognized as a medal sport at the Aichi-Nagoya Asian Games 2026 has sparked preparations within India’s gaming community.
The Esports Federation of India (ESFI) and the Asian Esports Federation (AESF) are committed to building a thriving Esports ecosystem leading up to the prestigious tournament.
National qualifiers and partnerships with Hama and FITGMR are part of the plan to assemble the best Indian contingent for the Asian Games.
ESFI aims to provide top-notch gaming gear and coaching to ensure the Indian contingent is well-prepared for the competition.
Growing Recognition of Esports:
The inclusion of Esports in the Asian Games reflects the growing recognition of Esports as a mainstream sport on the international stage.
Positive momentum is expected to continue with increasing participation and support from various states in India.
States are embracing Esports as a legitimate sporting discipline, establishing dedicated academies, integrating Esports into educational curriculums, organizing tournaments, and forging partnerships for overall development.
Strategic Collaborations and Make-in-India Games:
Strategic collaborations within the gaming industry are anticipated to play a pivotal role in fostering overall sector growth in 2024.
Expectation of a surge in India-specific games, such as Indus Battle Royale, integrating the rich and diverse culture of the nation into gaming.
Anticipated implementation of Esports programs, degrees, and scholarships by educational institutions to raise awareness about gaming in the country.
Technological Trends:
AI integration and Metaverse gaming are identified as technological trends empowering a new generation of gaming creators.
Access to international resources and strategic brand collaborations are expected to drive innovation in the gaming sector.
Indian Esports Trends in 2024
Increased Brand Involvement:
Brands are deepening their commitment to gaming with long-term and close-to-business collaborations.
Examples include MG’s Comet, a car launched for gamers, and IQOO partnering with Team Soul.
Artificial intelligence enhancements and Metaverse Gaming trends are opening doors to a future where virtual worlds seamlessly blend with gaming narratives.
Industry Growth:
According to the “Leveling up: State of India Gaming FY’23” report, India’s gaming market reached $3.1 billion in FY23 and is projected to reach $7.5 billion by FY28, growing at a CAGR of 20%.
The Indian esports sector is expected to experience significant growth in 2024, driven by increased participation, brand involvement, and technological advancements.
The positive outlook for the Indian Esports industry in 2024 is marked by the convergence of factors such as international recognition, strategic collaborations, technological advancements, and the vibrant participation of states and brands in fostering the growth of Esports. The Aichi-Nagoya Asian Games 2026 is positioned as a key event that will further elevate Esports on the global stage and contribute to the sector’s expansion in India.
