Electronic sports have transformed online gaming into a form of entertainment similar to viewing professional sports games like cricket, football etc. However, instead of observing a physical match, the audience watches gamers battle it digitally on platforms like YouTube and Twitch TV.
Now, make sure to understand video games and esports. Video games involve anyone playing games on their computers, whereas esports involves players competing against each other with a focus on winning championships.
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​​​​​​​If you are wondering why watching someone else play a video game is appealing, consider the excitement of watching the Cricket World Cup, where Virat Kohli or MS Dhoni are in action. Similarly, esports enthusiasts take pleasure in seeing elite gamers showcase their skills.
The gaming sector in India is valued at $3.1 billion and is expected to reach nearly $7.5 billion by the end of 2028. Some of the biggest games in the esports industry are League of Legend, DOTA, and Fortnite, played on a gaming console, whereas games like PubG and Call of Duty are on mobiles.
The gaming industry has existed for years, but the growth it witnessed during and after COVID-19 has been unprecedented. Like regular sports, the industry has multiple stakeholders at different levels. These include publishers, developers, broadcasters, brands, sponsors, streaming partners, and gamers and their audiences.
India has approximately 425 million gamers and ranks as the world's second-largest gaming community behind China. This industry has the potential to get FDI, create job opportunities, and stimulate investments across multiple fields. It is expected to drive growth in related sectors such as financial technology, cloud computing, data analysis, and cybersecurity.
Tencent is the biggest gaming company worldwide, followed by Sony Entertainment and Microsoft Gaming. India is on its way to becoming a significant player in the gaming sector, and here is proof of the top three companies doing great work in the esports sector.
Delta Corporation
Delta Corporation is India's premier gaming enterprise, with a diverse portfolio in online skill gaming, general gaming, and the hospitality sector. It is the only gaming brand in the country to be publicly listed in the casino gaming arena and has over 2,000 live gaming positions.
Its online gaming segment is about 15% of its business and operates under Adda52.com. Adda52.com is focused on providing an online poker gaming experience. It offers rummy and poker games, which feature a variety of online multiplayer games.
The company maintains a debt-free status and a unique business model.
Zensar Technologies
Zensar Technologies is at the forefront of digital and technological services, extending its operations across 18 nations. Thanks to its dedicated game testing centre of excellence, the company is dedicated to empowering gaming firms by enhancing speed and efficiency.
The company has reduced its debt to almost debt-free while maintaining a healthy dividend payout of 29.6%.
Nazara Technologies
Nazara Technologies is emerging as a prominent player in the gaming industry. Known for its excellence in sports media and gaming, this company has established a strong presence both in developed and developing markets. Gaming consoles are expensive, and that's where this company is on a mission to deliver an unparalleled gaming experience to people on their mobile phones.
Nodwin Gaming and SportsKeeda are two platforms through which Nazara drives traffic in the e-sports segment. The company maintains a debt-free status and has also managed to become India’s first company to organize South Asian gaming championships.
Conclusion
The gaming industry's significant expansion can be attributed to categories such as casual gaming, esports, and real-money gaming, which have captivated a vast audience and contributed to the surge in online gamers.
Gaming companies monetise their products using tactics like play-to-win, in-game advertising, merchandising, and pay-to-play models. This diversification suggests that India's gaming market is mature and presents a lucrative opportunity for investors.
Given the sector's upward trajectory, investing in gaming stocks in India in 2024 is highly recommended for those looking to capitalise on this growing market.
As the nation's newest growing sector, the gaming industry is projected to grow massively in the coming years. Now is the chance for those aiming to enter this expanding market early.
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