Selbyville, Delaware, April 22, 2021 (GLOBE NEWSWIRE) -- Expert analysts and forecasters cite that worldwide e-sports market size, valued USD 1.1 billion in 2019, is projected to reach USD 6.31 billion growth rate of 24.4% over the forecast period 2020-2027. Growing investments from international brands in e-sports tournaments and increasing streaming of games through various platforms are fostering the industry growth. For instance, Twitch, in 2018, signed a USD 90 million deal with the Overwatch League for two years, for rights to exclusive digital broadcasting in English, French, and Korean.
Proceeding further, global e-sports market research document presents an economy-wide database of the top regional contributors, namely, North America, Europe, Asia Pacific, and Latin America. Moreover, the industry is also studied from the perspective of revenue source. Additionally, the research literature decodes the competitive trends and profiles major companies to determine the degree of competition in this business space.
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Expanding audience reach due to rising interest towards online gaming and developing consciousness among millennials pertaining to a professional career in e-sports are enhancing the growth prospects of the industry. Apart from this, expanding opportunities for game developers, gamers, event organizers, and influencers are positively impacting the industry dynamics.
Further, introduction of dedicated curriculum to develop skilled professionals in video gaming by schools, colleges and universities will likely augment global e-sports market growth in the upcoming years.
For the those unfamiliar, e-sports is a form of competition pertaining to video gaming wherein professionals from across the globe can participate from the comfort of their of their homes or at any particular physical platform. They usually take part in gaming league, which are followed and watched by millions of spectators on television or internet or at live events.
Despite the positive market outlook, low count of involved organizations and limited infrastructure for e-sports tournament is hindering industry expansion.
Regional overview:
Key regional contributors to the overall e-sports industry value are Asia Pacific, North America, Europe, and Latin America. Among these, North America currently accounts for majority of the industry share and is likely to hold a coveted position over the projected timeline. This can largely be ascribed to high involvement of game developers, TV networks, franchises, and streaming platforms in the United States.
Meanwhile, Asia Pacific market is slated to expand significantly in the upcoming years, creditable to factors such rising popularity of mobile gaming along with increaisng penetration of internet in the region.
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Competitive landscape snapshot:
Activision Blizzard, Inc., Valve Corporation, Tencent Holdings Ltd., Electronic Arts, Inc., Gameloft SE, and Nintendo Co., Ltd. are some of the major game developers in global e-sports marketplace. These companies are infusing large investments in expanding their offerings and new product development to gain a larger portion of the market share.
Global E-sports Market Revenue Source Sub-Segments (Revenue, USD Billion, 2017-2027)
- Advertising
- Sponsorship
- Publisher Fees
- Merchandise & Tickets
- Media Rights
Global E-sports Market Geographical Bifurcation (Revenue, USD Billion, 2017-2027)
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of APAC
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
Latin America
- Mexico
- Brazil
Rest of the World
Global E-sports Market Company Profiles (Revenue, USD Billion, 2017-2027)
- HTC Corporation
- Intel Corporation
- Modern Times Group
- NVIDIA Corporation
- Nintendo Co., Ltd.
- Gameloft SE
- Electronic Arts, Inc.
- Tencent Holdings Ltd.
- Valve Corporation
- Activision Blizzard, Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Esports Market, by Region, 2018-2027 (USD Billion)
1.2.2. Esports Market, by Revenue Source, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Esports Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Esports Market Dynamics
3.1. Esports Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Esports Market: Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Esports Market, by Revenue Source
5.1. Market Snapshot
5.2. Global Esports Market by Revenue Source, Performance - Potential Analysis
5.3. Global Esports Market Estimates & Forecasts by Revenue Source 2017-2027 (USD Billion)
5.4. Esports Market, Sub Segment Analysis
5.4.1. Sponsorship
5.4.2. Advertising
5.4.3. Merchandise & Tickets
5.4.4. Publisher Fees
5.4.5. Media Rights
Chapter 6. Global Esports Market, Regional Analysis
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