The latest report by IMARC Group, titled “Esports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” offers a comprehensive analysis of the esports market report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global esports market size reached US$ 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.2 Billion by 2032, exhibiting a growth rate (CAGR) of 18% during 2024-2032.
Esports Market Trends:
The global market is majorly driven by the growing popularity of online gaming, particularly among younger demographics. Furthermore, major investments from traditional sports franchises, entertainment companies, and tech giants have injected substantial capital, fostering professional leagues and tournaments. Technological advancements, particularly in streaming platforms have made esports more accessible to global audiences, further enhancing viewership and engagement. Additionally, the rise of mobile gaming has broadened participation and viewership, especially in regions with high smartphone penetration but limited access to gaming consoles or PCs. Sponsorships and advertising revenue are also major contributors, with brands increasingly recognizing the marketing potential within this rapidly growing industry. Besides, the COVID-19 pandemic accelerated the shift towards digital entertainment, propelling esports into the mainstream as traditional sports faced interruptions.
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Global Esports Market Scope & Growth Analysis:
The scope of the global esports market is expanding as technological innovations continue to evolve, enhancing accessibility and engagement. The market is poised for substantial growth due to the rising popularity of competitive gaming and the integration of advanced technologies like virtual reality and augmented reality, which offer immersive experiences. The increasing number of professional tournaments and leagues, coupled with higher prize pools, is attracting more participants and viewers. The integration of artificial intelligence and machine learning in esports analytics is improving performance insights and viewer engagement, thereby attracting more commercial and government investments.
The burgeoning interest in mobile gaming, particularly in regions with high smartphone penetration, is a significant growth driver. Additionally, as per market analysis, the development of sophisticated streaming platforms and advancements in gaming hardware are leading to more interactive and high-quality gaming experiences. Regional market expansion, particularly in emerging economies investing in digital infrastructure, is contributing to the global market's growth. Furthermore, the increasing focus on sustainable practices within the gaming industry and the implementation of stringent regulatory frameworks are promoting the growth of esports as a mainstream form of entertainment.
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Competitive Landscape with Key Players:
- Activision Blizzard Inc.
- Capcom Co. Ltd.
- Electronic Arts Inc.
- Epic Games Inc.
- FACEIT
- Gameloft SE (Vivendi SE)
- Gfinity PLC
- Intel Corporation
- Modern Times Group
- Nintendo Co. Ltd.
- NVIDIA Corporation
- Riot Games Inc
- Valve Corporation
- Zynga Inc.
Key Market Segmentation:
Breakup by Revenue Model:
- Media Rights
- Advertising and Sponsorships
- Merchandise and Tickets
- Others
Breakup by Games:
- Multiplayer Online Battle Arena (MOBA)
- Player vs Player (PvP)
- First Person Shooters (FPS)
- Real Time Strategy (RTS)
Breakup by Platform:
- PC-based Esports
- Consoles-based Esports
- Mobile and Tablets
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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- Strong Market Research Expertise
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- Innovative Solutions
- Comprehensive Analysis
- Accuracy and Reliability
- Provides Insightful Forecasts
- Available Customization Options
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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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