E-Sports Market Competitive Outlook 2020: Leading Players Are Epic Games, Nintendo, Riot Games, Valve Corporation, Wargaming.Net, EA Sports
The Global eSports Market is poised to grow by USD 3047.1 billion By 2025, progressing at a CAGR of 18.58% forecast to 2025
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As per the World Economic Forum, eSports viewers spent 17.9 million hours watching their gaming heroes on channels such as YouTube's gaming channel or on Twitch in the first quarter of 2018. The eSports market is still in its initial stage, and with the growing viewership, it is expected that it will offer strong potential to capitalize on the market in the future.
Evolution of high-tech gaming consoles
Personal and community gaming has evolved from board games into a technology-driven industry. The introduction and popularity of gaming consoles, such as Xbox and PlayStation, have led to the development of the modern esports industry. For instance, PlayStation 4 Pro and the Xbox One X can display 4K resolutions with high-dynamic-range (HDR) color technology.
Key Competitors: eSports Market
Beyond the Summit (BTS)
Gungho Online Entertainment
Hi Rez Studios
Modern Times Group
Turner Broadcasting System
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The growth of the global eSports market is propelled by increasing adoption of smartphones, broadcasting and media rights, growing number of millennial and increasing market awareness. However, the market faces several challenges due to the absence of eSport governance, lack of interaction and personalization on existing platforms and intellectual property issues.
eSports Market: Segmentation
The eSports market has been analyzed through the following segments:
By Game Type
Multiplayer Online Battle Arena
Personal Computers (PC)
Consoles and Arcades
Middle East and Africa
China Dominates the Market
China is anticipated to hold a significant market share in the eSports market owing to the popularity of the esports among the youth and supportive government support for the growth of the market.
October 2019 - Electronic Arts Inc., in partnership with Fédération Internationale de Football Association (FIFA), announced the launch of the EA SPORTS FIFA 20 Global Series on The Road to the FIFA eWorld CupTM. The EA SPORTS FIFA 20 Global Series continued to expand as more than 20 of the world's most notable football leagues will run local events. And, it is expecting millions of participants from over 60 nations globally.
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