May 22, 2024

The Global eSports Market is poised for significant growth, according to a recent publication by Fortune Business Insights, Inc. This trend is fueled by the ever-evolving fashion landscape, where manufacturers must constantly adapt and innovate to stay ahead of the curve.

The global esports market size was valued at USD 1.72 billion in 2023 and is projected to grow from USD 2.06 billion in 2024 to USD 9.29 billion by 2032, exhibiting a CAGR of 20.7% during the forecast (2024-2032). In the scope, we have considered tools and services provided by key players in the market, including Twitch Interactive, Inc. (U.S.), Activision Blizzard, Inc. (U.S.), Tencent Holdings Limited (China), Riot Games, Inc. (U.S.), Gfinity plc (U.K.), X1 Esports and Entertainment Ltd. (U.S.), Loco (Stoughton Street Tech Labs Private Limited) (India), Caffeine (U.S.), DLive Entertainment Pte. Ltd. (U.S.), Sony Corporation (Japan)

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Geographical Growth Scenario:

The global eSports Market is segmented into North America, Asia Pacific, Europe, Rest of the World. North America is expected to account for the largest share of the global eSports Market in 2024, followed by Europe. The large share of North America can be attributed to the increasing research funding and government initiatives for promoting precision medicine in the US.

The growth in aviation and eSports Market is due to rising cyber-attacks in the aircraft industry. North America region is expected to hold the largest aviation and eSports Market share.

Factors Driving Demand in the Global eSports Market:

The demand for eSports is propelled by several key factors shaping the entertainment and gaming industries. Firstly, the widespread accessibility of gaming technology and online connectivity is driving greater participation in eSports across geographies and demographics. With gaming consoles, PCs, and mobile devices becoming more affordable and ubiquitous, individuals of all ages and backgrounds can engage in competitive gaming and eSports culture. Additionally, the rise of live streaming platforms such as Twitch, YouTube Gaming, and Facebook Gaming has democratized eSports broadcasting, enabling anyone to create and share content with a global audience, fostering community engagement and interaction.

Furthermore, the eSports industry is benefiting from the growing investment from corporate sponsors, advertisers, and media partners. Brands across various sectors, including technology, consumer goods, and finance, are recognizing the value of eSports as a marketing platform to reach younger audiences and engage with digital-native consumers. As a result, sponsorship deals, advertising campaigns, and media rights agreements are becoming increasingly lucrative, driving revenue growth and financial sustainability within the eSports ecosystem. Moreover, the competitive nature of eSports and the thrill of live tournaments are attracting traditional sports fans and advertisers, further bolstering the mainstream appeal and commercial viability of eSports as a form of entertainment. Overall, these factors underscore the continued growth and evolution of the global eSports market, positioning it as a major player in the entertainment landscape of the future.

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Key Findings of eSports Market Study:

Machine learning to dominate the eSports Market in 2024

The diagnostics segment accounted for the largest share of the eSports Market, by end-user, in 2024

North America accounted for the largest share of the global eSports Market in 2024

Report Overview

Management of eSports Market deals with the creation of benefits for past buying and provides incentives for future buying. The Rewards program provides the customer with strong value, better customer penetration, cross-sales, and industry. A eSports Market system comprises operational parameters that include; financing options, program design, and transaction types. It also incorporates different parameters of value such as redemption thresholds, reimbursement options, and earnings rates. Many organizations concentrate their activities on spending on Market programs.

Table of Contents

Industry Overview:

  • Market definition and segmentation
  • Industry trends and drivers
  • Regulatory environment

eSports Market Size and Forecast:

  • Historical market size and growth
  • Current market size and trends
  • Forecast for the future

Competitive Landscape:

  • Key players in the market
  • Market share analysis
  • SWOT analysis of major competitors

Customer Analysis:

  • Target customer demographics
  • Buying behavior and preferences
  • Customer satisfaction and feedback

Product/Service Analysis:

  • Overview of products/services in the market
  • Features and benefits
  • Pricing strategies

eSports Market Trends:

  • Emerging trends in the industry
  • Technological advancements
  • Shifts in consumer behavior

TOC Continued…

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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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