Esports Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029

The global esports market is anticipated to grow at a CAGR of 18.6% during the forecast period. The increasing popularity of online video games across the globe is one of the major factors boosting the growth of the market. The popularity of video games has expanded beyond traditional gamers, attracting a broader audience that includes casual gamers, spectators, and even non-gamers. This diverse audience base has led to increased viewership and participation in esports events, boosting the market growth. The rise of electronic sports as a professional career due to exciting international prize pools, streaming revenue, and individual sponsorships along with the increasing popularity of gaming tournaments is accelerating the growth of the market. For instance, Tencent Holdings Limited plans to expand tournaments for hugely popular games like League of Legends and Honor of Kings in China, which will attract global players and viewers. The prize pool for the 2022 Honor of Kings World Champion Cup (KCC) was $10.0 million. 

The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, funding, collaborations, and new product launches to stay competitive in the market. For instance, in March 2022, Gamerji launched its electronic sports platform in the Middle East countries such as Saudi Arabia and the UAE as its international expansion strategy. The company aims to target 2.5 million audiences in the Middle East region. In April 2021, Gameloft partnered with ESL Gaming, a German electronic sports production and organizer company. This collaboration aimed to level up mobile electronic sports-driven sponsoring solutions. 

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

Streaming Type
Platform
Revenue Model
Gaming Genre

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Activision Blizzard, Inc., Epic Games, Inc., Gfinity PLC, Modern Times Group, and others.

Esports Market Report Segment

By Streaming Type

Live
On-demand

By Platform

PC-based Esports
Consoles-based Esports
Mobile and Tablets

By Revenue Model

Media Rights
Advertisement
Sponsorship
Game Publisher Fees
Merchandise and Tickets

By Gaming Genre

Multiplayer Online Battle Arena (MOBA)
Player vs Player (PvP)
First Person Shooters (FPS)
Real-Time Strategy (RTS)

A full Report of Esports Market is Available @  https://www.omrglobal.com/industry-reports/esports-market

Esports Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Alphabet Inc
DLive Entertainment Pte. Ltd.
Electronic Arts Inc.
HTC Corp.
Intel Corp.
Meta Platforms Inc.
Microsoft Corp.
Nintendo Co. Ltd.
NVIDIA Corp.
Riot Games, Inc.
Sony Group Corp.
Tencent Holdings Ltd.
Twitch Interactive, Inc.
Valve Corp.
X1 Esports and Entertainment Ltd.

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