How Much Is the Esports Industry Worth?
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A close look at the estimated value of the esports industry and how it has grown over the past few years.
The Esports Industry
The esports industry is a rapidly growing industry with immense potential. It is estimated to be worth around $1.1 billion by the end of 2019, with a projected growth to $1.8 billion by 2022. This is due to the growing popularity of esports, with more and more people watching and playing competitive games.
The Global Esports Market
The global esports market was valued at $696 million in 2017 and is predicted to grow to $1.5 billion by 2020, according to Newzoo research. This growth is being driven by investments from traditional sports teams, media companies, and brands looking to reach the valuable millennial and Gen Z demographic.
There are two main revenue streams in esports: media rights and sponsorship. Media rights are the fees paid by broadcasters to show live esports content, while sponsorship includes advertising around esports events as well as direct partnerships with teams and players.
https://www.businessinsider.com/esports-industry-worth-revenue-streams-explained-2018-2
The North American Esports Market
The North American esports market is expected to grow to $1.8 billion by 2022, according to a report by marketing research firm Newzoo. This would represent a compound annual growth rate of 26.7 percent from 2017, when the market was worth $370 million.
Newzoo’s report also forecasts that the number of esports enthusiasts in North America will grow to 33.7 million in 2022, up from 14.5 million in 2017. This represents a compound annual growth rate of 22 percent.
The Future of the Esports Industry
Esports is a rapidly growing industry with immense potential. It is currently worth over $1 billion and is expected to grow even larger in the coming years. With more and more people getting into esports, it is clear that the industry is here to stay. Let’s take a look at the future of the esports industry.
The Growth of the Esports Industry
The future of the esports industry looks very bright. The global esports market is expected to grow from $1.1 billion in 2019 to $1.8 billion by 2022, according to Newzoo. And that’s just the beginning.
There are several factors driving this rapid growth. First, there’s the increasing popularity of esports. The number of people watching esports continues to rise, with a reported global audience of 443 million in 2019, up from 295 million in 2017.
Second, there’s the growing amount of money being invested in esports. According to Deloitte, investment in the space has increased ten-fold over the past five years, reaching $696 million in 2018. This includes investments from traditional sports teams and organizations, as well as non-endemic brands looking to reach the young, digital-native audience that is so passionate about esports.
And finally, there’s the increasing number of people who are playing esports professionally. The Overwatch League, for example, now has over 200 signed players across 20 teams, with each player earning an average salary of $50,000 per year. As the industry continues to grow and attract more investment, we can only expect these numbers to increase.
So what does all this growth mean for the future of the esports industry? We can expect to see continued investment from traditional sports teams and organizations, as well as non-endemic brands looking to reach new audiences. This will lead to even more professional players and higher prize pools for tournaments. And we can also expect to see Esports become an Olympic sport – it’s already been added as a medal event for the 2022 Asian Games. So whatever happens in the next few years, one thing is certain – the future of Esports is looking very bright indeed!
The Impact of the Esports Industry
The esports industry is continuing to grow at an incredible rate, with new tournaments, teams, and leagues popping up all over the world. This growth is having a big impact on the economy, with the industry now worth an estimated $696 million. This figure is expected to rise to $1.5 billion by 2020, and some even predict that it could reach $3 trillion by 2025.
This growth is being driven by a number of factors, including the increasing popularity of esports, the growing number of people who are willing to pay to watch other people play video games, and the huge amount of money that is being invested in the industry by companies and organizations.
While the impact of the esports industry is already being felt by many people and businesses around the world, it is still in its early days. As it continues to grow, we can expect to see even more businesses and industries being affected by this rapidly expanding industry.
