Electronic sports and online games are gaining popularity among young Indians
Esports events are growing in popularity around the world and India is no different. With better internet speed and faster computer hardware, Indian cyber gamers are also getting addicted to the latest trend. Cyberathletes attending esports events are serious gamers and they regularly practice their gaming skills. Cash prizes for esports competitions have increased and with game development companies like Activision Blizzard’s Overwatch League, TenCent Holdings, Take -Two Interactive and EA supporting these events, the future looks bright.
Popular Activision Blizzard franchisees include Call of Duty, Overwatch, Starcraft, World of Warcraft, Hearthstone, and Diablo. Activision Blizzard is proactively targeting professional sports leagues with the goal of taking esports to the next level. Take-Two Interactive manages Grand Theft Auto, NBA 2K, Red Dead Redemption, and WWE 2K. Electronic Arts is one of the oldest players in the segment. They run FIFA, Madden, Battlefront, Star Wars, and Apex Legends.
Chinese internet investment and services firm Tencent Holdings manages League of Legends, Honor of Kings, Player Unknown’s Battlegrounds, and Fortnite.
Players can choose from any of the games mentioned above and see how they work. As with any type of sporting activity, the passion for a specific electronic game is what is reflected in the performance of the player. In addition to the passion, the focus on the game is also important.
Twitch is a popular streaming platform for gamers. There are a lot of users online who watch their favorite players, follow them and keep track of their game streams. Players on Twitch make a lot of money, depending on the number of subscribers. Twitch is owned by e-commerce giant Amazon. Popular streamers on Twitch have millions of followers. Ninja (17 million followers), Tfue (11 million) and Rubius (10 million) are the most popular streamers on the network. Players are also paid by the team as there are sponsorships for popular events.
The younger generation is always eager to try new things. And they don’t hesitate to take risks. Another popular entertainment option for young gamblers in India is online gaming and sports betting. Indian online casino operators operate reliable and secure platforms for online players to try their luck with real money games. Most of these platforms operating in India are audited by highly respected gambling authorities in Europe.
Certainly, with easier internet access and reliable online information, people have plenty of options for gaming and entertainment online. These offerings are only expected to improve with the introduction of a better user interface, faster data connectivity, and efficient streaming. As game developers felt the increased interest in games during the pandemic, many companies are working on interesting game projects.
The most popular games of 2021
While some new games are becoming popular among gamers, there are some games that have dominated the leaderboards for quite some time. Among the most popular games are Call of Duty: Modern Warfare, Star Wars Jedi: Fallen Order (EA Sports), NBA 2K20, Tom Clancy’s The Division 2, Fortnite, and Minecraft. Grand Theft Auto V, League of Legends, The Legend of Zelda: Breath of the Wild and Call of Duty: Black Ops 4 are also some of the very popular games.
Investors flock to gaming stocks
During the pandemic, the investment community has been bullish about gaming stocks, streaming companies, and tech companies in general. Shares of Electronic Arts, Take-Two Interactive Software and Activision Blizzard have gained in valuation as investors expect these game developers to report strong numbers. Many new players have started playing multiplayer games and this trend should help game companies in the years to come.
In its recent earnings report, Activision Blizzard reported earnings of $ 0.84 per share, higher than analysts’ estimate of $ 0.70 per share. The company is a leader in the esports segment. The stock hit its 52-week high on February 21 of this year. The title has seen the strongest performance in the past five years.
EA Sports stock is trading at nearly $ 150, its highest level in five years. The company has released better-than-expected numbers and investors believe this stock will outperform the broader markets. Take-Two Interactive Software also hit its 52-week high in February this year.
Certainly, the esports segment has a long way to go. The future looks bright and esports players will be rewarded for their performance and passion.
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Posted on: Tuesday August 10, 2021 2:35 PM IST
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