Press release
Esports Market is touching to new level | Kabum, Hi Rez Studios, Gfinity, Faceit
Esports Market
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The Global eSports Market is estimated to grow at a CAGR of 17.72% during the forecast period 2020-2023. As per the market studies, the global eSports Market was valued $694.2 million in the year 2017 and is estimated to reach $2,174.8 million by the end of the year 2023.
The global eSports market was studied considering the overall market analysis. The research method includes both qualitative and quantitative methods with primary and secondary research approach. Descriptive research methodology adopted by market analyst include study of market determinants in detail.
Market Drivers
Increasing awareness related to eSports
Rising popularity of video games
Market Challenges
Lack of Standardization
Market Opportunities
Long-term investment scope
Growth in number of sports events
Market Restraints
Threats from eSport betting/gambling
The global eSports industry is driven by increasing number of companies that are investing in eSports market. Also, the easy penetration of new sponsors, and increasing player wages act as a major growth factors for the global eSports market. Analysing the broad aspect of the media industry, e-sports market led the market by leveraging live-production, virtualized and cloud-based workflows to host competition in different locations between players. However, companies are required to focus on providing stable internet connections amongst observers, technical directors and producers. Hence, latency can hamper the smooth market growth of the online games, which can be resolved by offering low latency video streaming solutions.
As per the market study, the global eSports market is studied on the basis of revenue stream. The market segment is sub-segmented into:
Media Rights
Online Advertisements
Subscriptions
Publisher Fees
Sponsorships and Direct Advertisements
Tickets and Merchandise
Segmentation study of the global eSports market shows that the media rights segment accounted to hold majority of the market share in the global market and is estimated to grow at the highest CAGR during the forecast period. The mentioned segment is estimated to contribute highly in the global market owing to easy access to a communication technology. The segment dominance is due to the exclusive rights paid by media organizations to broadcast the live streaming of top esports events.
As per the geographical study, the Asia Pacific is estimated to hold the significant market share in the global market with highest CAGR during the forecast period.
The company profile section of the research report includes study of key market players in detail by including company overview, product portfolio, financial performance, SWOT analysis and strategic developments as the major sub-sections. Some of the key market players included in the research report are:
Alisports
Gungho Online Entertainment
Rovio Entertainment
Wargaming Public
Kabum
Hi Rez Studios
Gfinity
Faceit
Turner Broadcasting System
Nintendo
Electronic Arts
CJ Corporation
Valve Corporation
Activision Blizzard
Modern Times Group
Key Highlights of the Research Report are:
The research report includes SWOT, PESTLE, Porter’s Five Force Model to study the market in detail.
Detailed geographical and segmentation-based market study to cover the overall market analysis.
Various qualitative factors considered while calculating the market size.
Strategic recommendations included in the market research report of the global eSport market.
Market research firms, consulting firms, analysts, strategic business planners, research institutes, eSports investors, sponsors, game publishers, alliances and tournament organizers among others are some major targeted audiences of the research report.
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster speed and why?
Q.3 Which regions will grow at a faster speed and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats of market?
Q.6 What are emerging trends in market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market?
Q.11 What M & A activities have taken place in the last five years in this market?
The Study Explore COVID 19 Outbreak Impact Analysis
• What should be entry strategies, countermeasures to economic impact, and marketing channels?
• What are market dynamics?
• What are challenges and opportunities?
• What is economic impact on market?
• What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Esports Market Report:
Executive Summary
Table of Contents
List of Figures
List of Tables
Introduction
Segmentation By Geography
Esports Market Characteristics
Supply Chain And Key Participants
Esports Market Size And Growth
Historic Market Growth, Value ($ Billion)
Drivers Of The Market
Restraints On The Market
Forecast Market Growth, Value ($ Billion)
Esports Global Market PESTEL Analysis by Economic, Social, Technological, Environmental, Legal
Esports Market Customer Information
Brand Experience And Customer Support Influence Purchasing Decision
Esports Market, Regional And Country Analysis
Global Esports Market, By Region, Value
Global Esports Manufacturing Market, Historic And Forecast, Segmentation
Esports Market Overview
Region Information
Market Information
Background Information
Taxes Levied
Government Initiatives
Regulatory Bodies
Regulations
Associations
Investments
Competitive Landscape
Global Esports Market Top Opportunities By Segment
Global Esports Market Top Opportunities By Country
Global Esports Market Strategies
Strategies based on market trends
Strategies Adopted By Leading Competitors
Appendix
Research Methodology
Currencies
Research Inquiries
Copyright and Disclaimer
Continued….
……..and view more in complete table of Contents
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