Market research reports, consulting: Global Market Insights Inc.

Home > Media and Technology > Media and Entertainment > esports market

Esports Market Trends

Report ID: GMI10128 Published Date: July 2024Report Format: PDF
Download Free Sample
Summary
Table of Content

Esports Market Trends

The ongoing development of the esports fan base is one of the major growth trends in the industry. More people are turning to esports events because of developments in streaming technology and the growing popularity of websites like Twitch, YouTube Gaming, and Facebook Gaming. Since these platforms are widely accessible on a variety of devices, esports enthusiasts may interact with material from around the globe. In addition, a wider range of demographics are becoming interested in esports, including women and older age groups. This diversifies the audience and boosts overall esports market growth.

The esports business has seen a noticeable increase in sponsorship and investment. Through collaborations and sponsorship agreements, major businesses from a variety of industries, including technology, automotive, and apparel, are making significant financial investments in esports. Celebrities and traditional sports teams are also making financial investments in esports organizations to support the sector and give it more legitimacy. These expenditures promote player development, facility improvement, and large-scale event planning, all of which draw more spectators and increase income.

The esports business has seen a noticeable increase in sponsorship and investment. Through collaborations and sponsorship agreements, major businesses from a variety of industries, including technology, automotive, and apparel, are making significant financial investments in esports. Celebrities and traditional sports teams are also making financial investments in esports organizations to support the sector and give it more legitimacy. These expenditures promote player development, facility improvement, and large-scale event planning, all of which draw more spectators and increase income.

The esports market is expanding its sources of income beyond conventional ones like sponsorships and advertising. New revenue streams are starting to appear, such as pay-per-view events, premium subscription services, and direct-to-consumer offerings of unique content. In addition, virtual goods sales and in-game purchases associated with esports teams and tournaments are growing in importance as a source of income. More financial stability and expansion opportunities are being offered to esports organizations and the industry at large by these new revenue streams.

Author: Suraj Gujar, Kanhaiya Kathoke
Frequently Asked Question(FAQ) :

Mention the key players involved in Esports industry?+

Tencent Holding Limited, Activision Publishing, Inc., Riot Games, Inc., Valve Corporation, Twitch Interactive, Inc., Intel Corporation, and NVIDIA Corporation.

How big is North America Esports market?+

North America market accounted for over 35% revenue share in 2023, owing to a huge fan base and robust infrastructure.

Why is the demand for Esports media-rights growing?+

The Esports industry share from the media-rights segment is expected to register 20% CAGR during 2024 to 2032, driven by the high-quality production, diverse content offerings, and strategic partnerships.

What is the size of Esports market?+

The market size of esports reached USD 2 billion in 2023 and is set to witness over 15% CAGR between 2024 and 2032, due to the increasing popularity and viewership of esports.

Esports Market Scope

Related Reports

Buy Now

Premium Report Details

Download Free Sample