The global eSports market is expected to rise from 2017 to 2023

The recent study by Knowledge Sourcing Intelligence titled, “eSports Market – Forecasts from 2018 to 2023” covers an in-depth analysis of the market on the basis of game type, platform, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraints during the forecast period 2018-2023. The report has segmented the global eSports market by game type (shooting, real-time strategy, fighting, racing, multiplayer online battle arena, others), platform (Personal Computer (PC), Consoles), and geography (North America, South America, Europe, Middle East and Africa, and Asia Pacific). eSports are tournaments and competitions based around video games. The increasing prevalence of virtual gaming and rise in the gaming population worldwide will drive the growth for the eSports market. In addition to this, growing investments and soaring prize pools will further snowball the demand for such competitions.

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Shooting games will hold a significant share during the forecast period.

The segment for the shooting genre of eSports will hold a noteworthy share in the market owing to these types of games being some of the early titles in the eSports domain. Furthermore, the flatter initial learning curve of these games has additionally resulted in a large player base of such games, further increasing the demand for eSport competitions in the same.

eSports adoption in consoles will see good growth during the forecast period.

During the early days of eSports, they were played on personal computers due to the higher networking and performance capabilities. However, with the increasing development in consoles, both in terms of networking and performance, and the additional benefit of uniformity, game types such as sports, racing, and fighting are adopting consoles as the platform of choice.

The Asia Pacific holds a substantial share in the market.

Asia Pacific region holds a noticeable share owing to the presence of many of the major game designing companies in the region. Furthermore, the increasing gaming population in the region, especially in countries such as Japan, and South Korea will further boost the eSports market. Additionally, the introduction of eSports as a medal event in the 2022 Asian Games, will further promote eSports in the region.

Some of the major players discussed in the reports are Valve Corporation, Riot Games, Turtle Entertainment GmbH, Unikrn, Inc., and Activision Blizzard, Inc., among others.

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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