The esports market is set to grow rapidly by 2026, driven by digital infrastructure improvements and increasing demand for mobile and PC gaming.
According to the latest report by IMARC Group, titled “Esports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global esports market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
Esports, also known as electronic sports, refer to the competitive video game tournaments organized by online gaming platforms. Professional gamers and amateurs play these games for leisure or professional championships on personal computers (PC), mobiles, tablets, etc. Esports are generally played by gamers sponsored by organizations that generate revenue via tickets, advertisements, media rights, etc. These tournaments are managed through various software that assist in scheduling and promoting events, running branding campaigns, managing user registration, etc. Esport audiences can watch the players compete and interact with them through a human-computer interface. These tournaments are gaining traction among professionals and hobbyists across the globe.
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Global Esports Market Trends:
The accelerating improvements in digital infrastructures to support major league tournaments and the expanding professionalization of the industry are some of the key factors driving the esports market. Apart from this, the growing demand for mobile and PC-based video games among millennials is further catalyzing the market growth. Moreover, the increasing number of lucrative opportunities for gamers, developers, influencers, sponsors, etc., including streaming revenues, international prize pools, one-to-one sponsorships, etc., is augmenting the global market. Besides this, the shifting consumer preferences towards participation in online and mobile gaming tournaments as a recreational activity and the inflating popularity of live streaming platforms like Twitch, HitBox, Azubu, Beam, YouTube Gaming, Bigo Live, etc., are also acting as growth-inducing factors. Additionally, the elevating demand for electronic sports in the education industry for enhancing the cognitive abilities of the students is anticipated to fuel the esports market over the forecasted period.
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Global Esports Market 2021-2026 Analysis and Segmentation:
Competitive Landscape with Key Player:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
Breakup by Revenue Model:
Breakup by Platform:
Breakup by Games:
Breakup by Region:
Key Highlights of the Report:
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The article focuses on the growth and trends of the global esports market from 2021 to 2026.
Key drivers include digital infrastructure improvements and the rising demand for mobile and PC gaming.
The esports market is relevant globally, with significant growth in regions like North America, Europe, and Asia Pacific.
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