KPMG Report: Indian eSports could generate Rs 11,900 crore in revenue by 2023

So Hold Your Hearts, We have Good News. KPMG has completed a study on Indian eSports market and have published their findings. The report states that India’s online gaming industry is likely to grow at a rate of 22 per cent from 2018 to 2023.

Here're more things to Note:

• The online gaming industry that was pegged at Rs 2,000 crore in FY14 grew 2x to reach Rs 4,400 crore in FY18.
• Here, the revenue is expected to grow at 22 percent CAGR from FY18-FY23 to touch Rs 11,900 crore
• Number of gamers and game developing companies has surged to 250 million in 2018 from 25 million in 2010.
• KPMG expects the user base to cross 100 million by 2020 on fantasy sports platforms alone
• Motivators:
• Around 50% respondents were motivated by the ‘ability to manage teams virtually’, ‘remain connected with the sport’ and ‘utilisation of sports knowledge’
• Around 30% saw the ‘opportunity to win money’ as one of the motivators, however, this was only the fifth most important factor for engagement.
• 54% of users play fantasy sports for free, while 46% have played paid contests at least once in the last 12 months
• only 25-30 per cent of the spends on fantasy sports platforms come from the users’ pocket
• Nearly 70-75 per cent of the spends are re-investments coming from previous winnings, cash bonus or periodical promotional offers given by these platforms

Sources: Indian Express, The Economic Times