Press release
Global Esports Market Size projected to Reach USD 10.06 Billion by 2033 | CAGR of 17.05%.
The global esports market was valued at USD 2.08 Billion in 2024 and is projected to reach USD 10.06 Billion by 2033, expanding at a CAGR of 17.05% during 2025-2033. Asia Pacific dominated with a 30.0% market share in 2024. Growth is driven by rising internet penetration, live-streaming platforms, technological advancements, and increased sponsorship and advertising investments worldwide.
Study Assumption Years
• Base Year: 2024
• Historical Period: 2019-2024
• Forecast Period: 2025-2033
Esports Market Key Takeaways
• Market Size in 2024: USD 2.08 Billion
• CAGR (2025-2033): 17.05%
• Forecast Period: 2025-2033
• Asia Pacific held the largest market share of 30.0% in 2024.
• The United States accounted for 86.80% of the North America esports market share in 2024.
• Advertising and sponsorships were the highest revenue-generating model with 43.6% market share in 2024.
• The First Person Shooters (FPS) segment was the top-performing game category in 2024.
• Increasing internet penetration and mobile gaming contribute significantly to market growth.
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Market Growth Factors
Rising internet penetration is a major driver of esports growth. In 2024, approximately 5.35 billion individuals (66.2% of the global population) were active internet users, representing a yearly growth of 1.8%. The expansion of broadband and introduction of 5G connectivity enable instant streaming and lag-free competitive gaming, attracting more participants and spectators. Enhanced accessibility and technological advancements continue to fuel esports market expansion globally.
The surge in esports betting activities is accelerating industry revenue. Fans increasingly place real-money wagers on match outcomes and in-game events via integrated platforms for titles like League of Legends, CS:GO, and Dota 2. Regulatory improvements and legitimacy of esports competitions attract leading betting operators, expanding trust and engagement. This betting trend mirrors traditional sports betting but caters to the younger, digitally native audience, positioning esports as a growing vertical in the global industry.
Brand sponsorships and strategic investments bolster the esports ecosystem financially. Non-endemic brands such as energy drinks and financial services invest heavily in teams, tournaments, and streamers, enhancing visibility. Venture capital and corporate investments also flow into esports platforms, driving innovation. Notable collaborations include Nike sponsoring esports teams and Intel advancing tournament technologies. These factors validate esports' worth and foster its transformation into a global entertainment powerhouse.
Market Segmentation
Analysis by Revenue Model
• Media Rights
• Advertising and Sponsorships
• Merchandise and Tickets
• Others
Advertising and sponsorships led the market with 43.6% share in 2024, providing substantial funding and visibility through team affiliations and in-game ads.
Analysis by Platform
• PC-based Esports
• Consoles-based Esports
• Mobile and Tablets
PC-based esports benefit from superior graphics, processing power, and community infrastructure for competitive play and streaming. Console-based esports offer user-friendly, standardized hardware with strong social media integration. Mobile and tablet gaming gains popularity due to convenience, portability, and advanced mobile technology, broadening access to casual and competitive players.
Analysis by Games
• Multiplayer Online Battle Arena (MOBA)
• Player vs Player (PvP)
• First Person Shooters (FPS)
• Real Time Strategy (RTS)
FPS dominated esports in 2024, fueled by titles like Call of Duty and Counter-Strike, known for fast-paced, strategic gameplay and large fanbases. The release of Counter-Strike 2 in 2023 introduced significant technical advancements, sustaining engagement.
Regional Insights
Asia Pacific held the dominant share of 30.0% in 2024 due to its large gaming population, extensive internet infrastructure, government support, and mobile gaming popularity. Countries like China and South Korea have deep gaming cultures, with major esports events and tournament activity. India's expanding youth demographic and gaming ecosystem further strengthen the region's dominance in the global esports market.
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Recent Developments & News
• April 2025: FIA revealed the FIA Girls on Track Esports Cup, a sim racing competition for females 16+, in partnership with Advanced SimRacing and iRacing.
• March 2025: M80 and IMG Academy launched an esports camp in Florida offering pro training for teens in Valorant, Rocket League, and League of Legends.
• February 2025: The inaugural Olympic Esports Games are planned for Riyadh, Saudi Arabia, in 2027, marking increased recognition within the Olympic Movement.
• June 2024: PrizePicks launched The Esports Lab, a platform introducing fantasy players to esports with education and live stats.
• May 2024: USEF and Ghost Gaming launched International Esports Exchange with a Tekken tournament in Atlanta, offering pro training in South Korea.
• April 2024: SC State partnered with Blaze Fire Games to start a competitive esports program focused on recruitment and retention.
• July 2024: Electronic Arts announced EA SPORTS FC 25, launching in September 2024 with new gaming advancements.
Key Players
• Activision Blizzard Inc.
• Capcom Co. Ltd.
• Electronic Arts Inc.
• Epic Games Inc.
• FACEIT
• Gameloft SE (Vivendi SE)
• Gfinity PLC
• Intel Corporation
• Modern Times Group
• Nintendo Co. Ltd.
• NVIDIA Corporation
• Riot Games Inc.
• Valve Corporation
• Zynga Inc.
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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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