Esports is a form of competition using video games. Generally, esports takes in the form of multiplayer video game competitions, especially among professional players, or teams. Competitors from different teams participate in the same game. The most common video games associated esports are PlayerUnknown Battleground (PUBG), Counter-Strike, League Legends, Dota, Super Smash Bros, etc. The esports revenue is generated through sponsorships and advertisements, tickets and merchandise, and media rights. Esports has become significantly popular over the years with the advent of novel gaming consoles, advanced features in PC, and supportive equipment such as headsets.
Market Dynamics
The popularity of the esports has grown significantly in recent years. Previously, esports was considered as a casual hobby among teenagers. However, it has grown to become a professional career option for many. In 2020, one of the popular online game CS:GO has recorded around 20 million concurrent gamers. With the increasing inclination of gamers towards live streaming of online games especially in emerging economies such as India, Brazil, Indonesia has propelled the demand for e-sports. Moreover, the esports tournament organizers are streaming their tournament online for their live audience. For instance, in 2016, League of Legends world championship finals were watched by 43 million online viewers. Sponsorships and advertisements, tickets and merchandise, and media rights are major revenue sources for esports organisers. With the increasing number of companies are investing in the esports the market the esports market is also expected to witness the significant growth in near future.
Key features of the study:
This report provides in-depth analysis of the global esports market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global esports market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as part of this study include Activision Blizzard, Inc., NVIDIA Corporation, Valve Corporation, Nintendo of America Inc., Riot Games, Inc., Epic Games, Inc., Tencent Holding Limited, Gameloft SE, Turner Broadcasting System, CJ Corporation and Electronic Arts Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global esports market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global esports market
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About the Author
Trupti Joined: March 17th, 2021 Articles Posted: 36
