“Esports is an exploding category.
It will also break down how money flows into the ecosystem.Rick Yang, partner at NEA — a venture capital firm that invests in esports — underscored this in a conversation with Business Insider Intelligence: "I actually think of esports as the mainstreaming of gaming, or the pop culture instantiation of gaming versus the pure idea of these players becoming professionals to compete at the highest levels." It's essential to think of the esports opportunity in this way — one inclusive of gaming, media, pop culture, and commerce — as it shines a light on opportunities beyond gaming events alone. The pop-culturization of esports has helped power the explosions in esports investment and revenue. For 2020, the market intelligence firm puts esports net worth at an estimated $1.1 billion giving the industry year-on-year growth of 15%.
This past year, the esports economy grew by 41.3 percent. Esports Industry Revenue Stats. Certain esports organizations, like FaZe Clan, are also moving aggressively into areas like merchandise, lending their brands more notoriety than if they'd stuck to esports alone.As competitive gaming cements itself in the popular culture, global investors, brands, media outlets, and consumers are all paying attention. According to a report from the marketing research company Newzoo that was released in early 2018, esports revenues for the year were expected to hit just over $900 million in 2018. Brand investment made up nearly three quarters of that revenue with $257 million expected in 2017. The booming eSports industry could be worth as much as $138 billion in 2018, according to market research firm Newzoo.The high-flying market, which … I think it’s going to continue to grow. How Has the Pandemic Affected Esports?
Now that we’re aware of how many people are diehard esports fans, it is hardly astonishing that. The eSports industry made a total of $906 million in revenue. I think the pandemic will allow it to have even more energy,” Garber said. This industry is projected to grow to around $1.1 billion in 2019 and all the way to $1.65 billion by 2021. Gaming-specific streaming platforms like Twitch and YouTube Gaming give fans a direct connection to the players and teams, while more mainstream socials have allowed those connections to flourish. Esports has hit this stratosphere in large part because of the social component of live streaming and gaming. Football (soccer) is by far the number 1 sport in the world. With games having been on hold for the last couple of months, it seems only natural that investors and fans alike would turn their attention to esports. A new report from digital research firm Superdata says that the worldwide esports market was valued at $1.5 billion in 2017. There’s a lot of money in competitive gaming, as the esports industry worth is expected to hit $1.6 billion by 2021.
A NewZoo study predicts that the global e-sports market will reach $1 billion in 2019—the first time it's reached that plateau. A Goldman Sachs report in 2018 estimated the esports industry will reach a valuation of $3 billion by 2022. Of course, mirrored after the …This trend is further emphasized by the increased stability of the esports scene.
With channels like Twitch allowing fans to watch skilled players go through a game, brands are starting to hop on board and target new markets.Beverage companies including Bud Light, Redd Bull and Monster have entered the esports market, and other big names such as Axe and Adidas have also joined the foray. There’s a lot of money in competitive gaming, as the esports industry worth is expected to hit $1.6 billion by 2021. Skins gambling accumulated more than $5 billion in bets taken.© 2020 Celebrity Net Worth / All Rights ReservedThis past year, the esports economy grew by 41.3 percent. That trend continues with the news that BetCris and Pixel.bet have both agreed to a deal …The fifth Esports Awards gala event is on the horizon but before this exciting esports industry event, the organisers will announce in their second spotlight show of the year, some of the finalists in each of the different categories, as …With the current global pandemic wreaking havoc on sporting events all over the planet, even esports events have been affected – and that’s a problem that a new idea, drive-in esports arenas, aims to solve. What to expect from the booming esports industry in 2017 With sold-out arenas, household-name sponsors and major TV coverage, professional gaming is …
And while most sponsorships are already quite profitable, they’ll provide an even greater return on investment if this esports industry analysis holds up. As the esports industry matures and incorporates an increasing number of local events, leagues, and media rights deals, the average revenue per fan is anticipated to grow to $5.20 by 2020.
Esports revenues are forecasted to reach $1.1 billion in 2019.
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