Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the esports market provides an in-depth analysis of segments and sub-segments in the global as well as regional esports market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional esports market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global esports market. According to the report, the global esports market is projected to grow at a CAGR of 23.66% over the forecast period of 2021-2027.
The global
esports market growing from nearly USD 1376.4 million in 2021 to about USD
4921.3 million in 2027. The global esports market is projected to grow with a
CAGR of 23.66% during 2021-2027. A kind of online sport in which two or more
competitors compete using online video games in a multiplayer environment is
known as esports. Electronic marks (Esports) are the same as traditional sports
despite that these are the competitive tournaments organized for video game
players. It provides an experience of viewing a professional sports event to
the audience by watching video gamers compete against each other. Furthermore,
in esports, the skill and professionalism of players is the most important
factor since it comprises competitive leagues and tournaments. Moreover,
sponsorships and advertisements, tickets and merchandise, and media rights are
the prime revenue generators of esports. Additionally, many companies are
investing in the esports industry; hence sponsorships play a vital role in the
esports business. The export market is expanding with an increase in players'
wages; therefore, there is a need for the introduction of new sponsors in the
industry, which can predict the future of esports.
Some of the
key driving factors of the esports market are increasing audience reach and
engagement activities, formidable investments, rising live streaming of games,
improving infrastructure for the league tournaments, and others. There are
lucrative opportunities for game developers, gamers, influencers, and event
organizers in the esports industry, created by professionalization in the industry.
Furthermore, millions of people consider esports a professional career due to
the increased popularity of gaming tournaments, impressive international prize
pools, streaming revenues, and one-to-one sponsorships. Additionally, growing
awareness about esports and the increasing popularity of video games are other
prime factors propelling the market’s growth over the forecast period. On the
other hand, due to rising popularity, some betting of gambling activities have
been seen in the export industries. As gambling or betting is banned in many
countries, such actions can hinder the market’s growth over the forecast
period. Nevertheless, there is a long-term investment opportunity for esport
investors due to the increasing number of events with large pool prizes. Hence,
this becomes lucrative opportunities for the esports market over the forecast
period.
North America is the dominating region of the esports market, and it has captured an enormous amount of share that is 39% in 2019. The area is also expected to dominate the market in the future due to PC gaming serving a more niche group of consumers. The investment and growth of the esports market are also likely to increase in the region with the franchised North America League of Legends Championship Series (NA LCS) and Overwatch League. In the U.S., game developers, players, leagues, Tv networks, and streaming platforms all are involved in the esport business; hence esport became a multimillion-dollar business in the U.S. Furthermore, due to the growing penetration of mobile gaming and internet usage, Asia Pacific is expected to dominate the market over the forecast period. For instance, in 2003, China declared esports an official sport, and after 13 years, it was announced as a national industry providing esports operators and professionals jobs in the country. Moreover, many countries like China, India, and South Korea support the esport developments in their lands; hence, these regions are expected to grow significantly during the forecast period.
The report on the global esports market covers segments such as streaming type, revenue stream, and device type. On the basis of streaming type, the sub-markets include on demand, and live. On the basis of revenue stream, the sub-markets include media rights, game publisher fee, sponsorship, digital advertisement, and tickets and merchandise. On the basis of device type, the sub-markets include smartphone, smart Tv, desktop -laptop-tablets, and gaming console.
The report provides profiles of the companies in the market such as Activision Blizzard, Inc., Valve Corporation, Tencent Holding Limited, Electronic Arts Inc., Gameloft SE, Nintendo of America Inc., and NVIDIA Corporation.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The IGR-Growth
Matrix analysis given in the report brings an insight into the investment areas
that existing or new market players can consider. The report provides insights
into the market using analytical tools such as Porter's five forces analysis
and DRO analysis of the esports market. Moreover, the study highlights current
market trends and provides forecasts from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
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