U.S. E-motorsport Market Share Expected to reach USD 1,064.45 million by 2031 | Top Players such as - AMR GP, Logitech and McLaren

According to the report published by Allied Market Research, The U.S. E-motorsport Market Share Expected to reach USD 1,064.45 million by 2031 | Top Players such as - AMR GP, Logitech and McLaren. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

Factors such as major shift toward digital transformation, rise in cloud-based services, technological advancement in e-motorsports gaming platform and ongoing modernization of digital gaming such as augmented & virtual (AR/VR) gaming event that drive heavy investment in e-motorsports in U.S., which in turn, foster the growth of the market. In addition, increase in use of smartphones and internet penetration drive the growth of the U.S. e-motorsports.

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The U.S. E-motorsport market was valued at USD 285.12 million in 2021, and is projected to reach at USD 1,064.45 million by 2031, growing at a CAGR of 14.3% from 2021 to 2031.

The U.S. e-motorsports market is segmented on the basis of component, streaming type, device type, and revenue stream. The report provides information on various component including platform and service. In addition, it is categorized by streaming type into live and on demand. Furthermore, it outlines the details of the device type such as smart phone, smart TV, desktop, laptop, tablets, and gaming console. It provides information on various revenue streams including media rights, game publisher fees, sponsorship, digital advertisement, tickets, and merchandise.

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On the basis of component, the platform segment dominated the overall U.S. e-motorsports market share in 2021 and is expected to continue this trend during the forecast period. This is attributed to increase in adoption of e-motorsports in the U.S. to gain strategic as well as competitive advantage over their competitors. In addition, e-motorsports platform providing well programed software and gaming console for e-motorsports tournament and matches and increase in demand for online sport drive the growth of the market. However, the service segment is expected to witness highest growth, as the service segment provides various services such as managed service, professional service, training, and maintenance for the U.S. e-motorsports. Growth in adoption of online gaming and virtual tournament of the e-motorsports event in U.S. have increased demand for managed service, which is expected to further fuel the growth of the market.

Depending on streaming type, the on-demand segment dominated the U.S. e-motorsports market size in 2021 and is expected to continue this trend during the forecast period. The growth of the segment is attributed to numerous benefits provided by streaming type segment such as high quality of gaming, ease of customizing sports as per the requirement of players, and high security of gaming ID. However, the live segment is expected to witness highest growth in the U.S. e-motorsports market, owing to rise in adoption of real-time streaming of e-motorsports due to its cost-effective and easy to broadcast operation. The live e-motorsports game event provides real-time game and tournament broadcasting for audience such as traditional gaming and sports. Such factors are anticipated to fuel the growth of the e-motorsports market across the U.S.

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This report gives an in-depth profile of some key market players in the U.S. E-motorsport industry include AMR GP Limited, Competition Company GMBH, Formula One World Championship Limited, IRacing.com Motorsport Simulations, LLC., Logitech, McLaren Group, Motorsport Games, Red Bull Racing Ltd, Team Redline, and Veloce Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which propel growth of the U.S. E-motorsport market analysis

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Covid-19 Scenario

● The COVID-19 impact prompted every company and business to shift their business operations toward a remote work environment.

● Moreover, due to strict guidelines issued by government authorities, people were forced to be in-house. This led to more leisure time available for each individual and gave rise to wide adoption of esports to spend quality time.

● Further, it has affected positively on the adoption of e-motor sports in different countries including U.S. in addition, this factor also created the demand for advanced technology such as IoT, AI, and virtual reality (AR/VR) across the U.S. which is expected to fuel the growth of the market.

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