What is Esports? Esports (also known as electronic sports, e-sports, or eSports) is a form of competition using video games. Another definition describes eSports as: Competitive gaming at a professional level and in an organized format (a tournament or league) with a specific goal (i.e., winning a champion title or prize money). Esports experts considered 2018 a landmark year that cemented the industry’s potential as the next billion-dollar industry. Powered by the millennial generation the global eSports industry will only continuing to gain more traction. The number of eSports enthusiasts worldwide is estimated to be ~168 million in 2018, and for total global viewers the forecast for 2019 is ~453 million.
The International Olympic Committee has even explored incorporating eSports into future Olympic events. Online streaming media platforms such as Twitch, YouTube, DouYu, and Huya have become central to the growth and promotion of esports competitions. eSports are commonly PC based; however mobile based eSports is becoming popular in Asia. According to Wikipedia: The most common video game genres associated with esports are multiplayer online battle arena (MOBA), first-person shooter (FPS), fighting, digital collectible card games, battle royale games and real-time strategy (RTS). The global eSports industry is set to grow 22.3%-27.4%paIn 2018 the eSports global revenue forecast was ~$865 million (another report has this at $905m as the actual result), and is forecast to pass US$1b in revenue in 2019. By 2022 the global eSports market revenue is forecast to reach US$1.79 billion. This represents a CAGR of 22.3%. Another report has the CAGR from 2016-2021 at 27.4%.
North America generates ~38% of the revenue, with China another main player with ~18% of revenues.
Note: The revenue in the graph below is forecast to double from 2018 to 2022.
Note: By comparison global mobile gaming revenue has exploded the past two decades to reach more than $50 billion in global revenues in 2017.[…]
eSport Viral is the creation of Brian from Debt Discipline. Our goal here at eSports Viral is to curate the best news, reviews, and recommendations from the world of gaming. A one-stop shop if you will for the online, multiplayer, and competitive video game community to find the latest and best information.