Market Overview:
Esports refer to organized video gaming competitions, usually between professional players. These competitions feature multi-player video games that involve human interaction. Esports tournaments allow spectators to view the competitions through online live streaming platforms or physical venues. Organized esports events offer large prize pools and sponsorships for professional players and teams.
Market key trends:
One of the major trends driving the growth of the esports market is live streaming and viewing experience. Professional esports tournaments and leagues are live streamed on popular platforms like Twitch and YouTube. This allows global audiences to watch matches and tournaments online. Live streaming has made esports accessible to a wider demographic beyond the core gamer community. Streamers on platforms like Twitch also contribute to the growing popularity of esports. Increased live streaming and viewing of esports is expected to fuel investments and revenue streams in the market over the forecast period.
The global Esports Market Demand is estimated to be valued at US$ 1,843.29 Mn in 2023 and is expected to exhibit a CAGR of 20% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Segment Analysis
The global esports market is segmented on the basis of revenue source, games, devices and regions. Based on revenue source, the market is segmented into media rights, tickets and merchandise, sponsorships and direct advertisements and publisher fees. The media rights segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. Esports events have started drawing huge crowds and major broadcasting deals are being signed, which is increasing the revenue from media rights for organizers.
Key Takeaways
The global esports market is expected to witness high growth, exhibiting CAGR of 20% over the forecast period, due to increasing popularity of esports worldwide and growing number of esports enthusiasts.
Regional analysis - Asia Pacific dominated the global esports market in 2022 and is expected to continue its dominance over the forecast period. Countries like China, South Korea and Japan have very active esports communities and hosting major international esports events is driving the market growth.
Key players operating in the esports market are 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. and Others. The market is witnessing consolidation as major companies are acquiring smaller players to expand their esports offerings. For example, in 2022, Microsoft acquired Activision Blizzard to strengthen its position in the esports and gaming market.
Read More: https://www.newsanalyticspro.com/the-growth-of-the-global-esports-market-trend-and-share-analysis/
The report "Esports Market by Revenue Streams (Media Rights (Subscription & Online Advertisement), Tickets and Merchandise, Sponsorship & Direct Advertisement, and Publisher Fees), and Geography (North America, Europe, APAC, and RoW) - Global Forecast to 2023" According to the new market research report, the esports market is expected to be worth USD 926.3 million in 2018 and is expected to reach USD 2,174.8 million by 2023, at a CAGR of 18.61% between 2018 and 2023.
Browse 60 market data Tables and 32 Figures spread through 132 Pages and in-depth TOC on "Esports Market - Global Forecast to 2023" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=123759465 Sponsorships and direct advertisements to account for largest share of esports market revenue by 2018 Sponsorships and direct advertisements have a large contribution to the overall esports market revenue.
In the recent years, sponsorship has witnessed a vast increase, bringing a whole new dimension to the concept of professional gaming.
Asia Pacific currently leads esports market in terms of market value APAC is the largest market for esports owing to the presence of key game publishers and event organizers, such as Tencent, Alisporst, and Nintendo.
Moreover, a number of esports spectators, sponsors, and brands from the western countries are increasingly investing in the market in this region.
The esports ecosystem comprises companies such as Modern Times Group (Sweden), Activision Blizzard (US), FACEIT (UK), Total Entertainment Network (US), Gfinity (UK), Turner Broadcasting System (US), CJ Corporation (South Korea), Valve Corporation (US), Tencent (China), and Electronic Arts (EA) (US).
Would you like to stay update on The Esports news?
then click this link www.o2esports.com we will bring you upgrade with all the latest Esports new headlines in many country like philippines, USA ,india and many more and also upgrade with live analysis of Dota2 games and many other online video betting games.
You can enjoy your games with latest esports news.
What is ESports Management Software Market?
eSports Management software grants users the ability to organize and comprehensively manage eSports events.
Tournament organizers use eSports management software to schedule and promote events, push branding, handle user registration, run competitions, facilitate prize pools, and more.
It often enables player reward systems outside of prize pools, such as real-time stat tracking and leaderboards, to keep eSporting communities engaged.
Similar to sports league management software, which focuses on organizational tools for individual teams, eSports management software focuses on overall tournament management.
Free Sample Report + All Related Graphs & Charts @ : https://www.advancemarketanalytics.com/sample-report/161667-global-esports-management-software-market Latest released the research study on ESports Management Software Market, offers a detailed overview of the factors influencing the global business scope.
