Esports Market Emerging Trends, Growth Factors, Forecasts to 2027- Activision Blizzard, CJ, Electronic Arts, Faceit, Gfinity, Modern Times Group MTG AB, Namko

Esports is a sports competition using video games. Esports often take the form of organized, multiplayer video game competitions. YouTube and Twitch have become central to driving the Esports market. The increasing popularity of video games across the globe and growing awareness about Esports are the significant factors that are driving the growth of the Esports market.

Younger generations are highly connected to the internet and technology. This has paved the way for online gaming activities, which also propel the growth of the Esports market. Peoples are now taking a huge interest in Esports and investing their money and time in it. Moreover, growing awareness about Esports and peer-to-peer sharing has also accelerated the growth of the Esports market.

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Companies Engaged in the Esports Market:
1. Activision Blizzard
2. CJ Corporation
3. Electronic Arts
4. Faceit
5. Gfinity
6.Modern Times Group MTG AB
7. Namko Ltd.
8. Nintendo
9. Turner Broadcasting System
10. Valve Corporation

The global Esports market is segmented on the basis of revenue stream, game type. On the basis of revenue stream the market is segmented as media rights, tickets and merchandise, sponsorships and direct advertisements, publisher fees. On the basis of game type the market is segmented as arcade, action, sports, first person shooting (FPS), simulation, others.

Esports has the potential to be a more powerful branding medium than traditional sports because of the interactivity of streaming, hence, boosting the demand for the Esports market. Advancements in gaming technologies, increase in awareness about Esports due to attention given by worldwide publishers, investors, and broadcasters, which also fuels the growth of the Esports market. Nowadays, video games are preferred as compared to other sport and outdoor activities. Additionally, a growing number of events with large prize pools is a new trend seen in the Esports market that is further fueling the growth of the Esports market. An increase in the number of Esports enthusiast has foreseen during the last three years and is expected to increase in the upcoming year that drives the growth of the Esports market.

The report analyzes factors affecting Esports market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Esports market in these regions.

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