GiggleByte

eSports: The New Frontier In one of my previous articles , I discussed the challenges India faces in the rapidly evolving gaming industry. Today, I will focus on the revenue streams in eSports. As we all know, the future of eSports is not just on the horizon; we are currently living in the era of eSports. This phenomenon is gaining momentum worldwide! More and more people are tuning in, companies are eagerly sponsoring events, and competitive gaming is becoming increasingly popular among a diverse audience. According to a new market research report titled, 'Global  eSports Market  by Revenue Model (Sponsorships, Media & Broadcasting Rights), Streaming (Live, On-demand), Genre (Real-time Strategy, Multiplayer Online Battle Arena, Others), Platform (PCs, Mobile Platforms) & Geography—Forecasts to 2031, the eSports market is anticipated to reach $9.1 billion by 2031, at a CAGR of 21.8% from 2024 to 2031. With competitive gaming gaining so much popularity t...

The recent launch of Black Myth: Wukong, a Chinese AAA game that broke player count records on Steam, got me wondering why India, with an estimated population of 1.45 billion, a producer of millions of engineers, and ready-to-use content thanks to heaps of mythological epics and tons of regional literature, is not able to come up with even a single AAA game.  The Indian gaming industry is expected to grow to US$ 8.92 billion in the next five years, according to a recent report. India's gaming sector is currently valued at around US$ 3.1 billion. With 442 million gamers, India is the second-largest gaming market in the world behind China, yet the country’s esports ecosystem lacks major titles.  While the Indian gaming industry has demonstrated significant growth in recent years, it still faces several challenges that prevent it from reaching its full potential. From a product manager's perspective, these challenges can be categorized into several key areas,  Limited Intern...