The continual growth and expansion of the global esports industry have created an exciting investment opportunity for gaming companies in APAC.
According to the latest Arizton's market research report, the global esports market to be valued at USD 2.7 billion by 2025, growing at a CAGR of close to 16% during the forecast period.
Global Esports Market Growth
Esports is an emerging, growth vertical within the gaming space. The governments in Western nations are encouraging the esports industry growth. Sponsorships and franchises in esports are rapidly gaining traction in recent years which in turn, is creating growth opportunities in the global esports industry. The growth in advanced technology and usage of mobile phones has led to higher internet penetration and act as a key driver in the entertainment industry. Gamers and viewers involved in esports are majorly tech-savvy people and the internet plays a major role in organizing esports events.
Technology Innovation in Gaming Industry
With the advancement of technology, the thrill of playing games has also increased with a more visual stimulus, creativity, and satisfaction. Companies have now started using wearable technology to play games so that gamers can enjoy video games anywhere and anytime and will not be restricted to one place to play games. The usage of mobile phones and tablets has highly influenced gaming technology, it has been observed that about 50% of gaming is conducted on mobile phones and tablets. Organizations like Intel Extreme Masters, League of Legends, and Major League Gaming hold events around the world and attract thousands of fans in-stadium and millions online. Technologies such as AR, VR, and 4K-8K video are becoming standard requirements for fans and players in the global esports industry.
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by revenue, games, e-platform, and geography
- Competitive Landscape – 6 Key Company Profiles and 28 Other Prominent Vendors
Global Esports Market – Geographic Analysis
North America is known as the largest region for esports and account for 38% of the revenue generated from the global esports market. North America is the home to many esports enthusiasts. Canadians are significantly investing in the global esports market and looking at the growth prospects. The movement for esports has picked up and is gaining momentum in the US, but then, it comes with a fair amount of uncertainties and risks. The continual growth and expansion of the global esports market have created an exciting investment opportunity for gaming companies in APAC. People in the APAC region are fond of mobile games and creating high competitiveness in the global esports market. Moreover, when the esports was introduced in the APAC market, gamers were motivated to play games using technological accessories which in turn, shows their real competition in the esports industry.
Esports is booming due to the presence of highly competitive video gamers in the global market. Gamers and developers are tapping into their creative minds and make ideas into reality in the global esports market. Game developers are initiating tournaments for their games, with a cash prize to the winner. However, hosting a game is expensive but these tournaments generate publicity for the games and at least some of the cost is offset via ticket sales, sponsorships, and advertisements. Game publishers create and distribute video games and their main revenue sources are game sales and the sale of downloadable in-game content. Many technology platforms, services, events, analytics platforms, and substantial investor capital surrounds this ecosystem as it continues to grow in the global esports industry.
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