How big are esports?

The global eSports market size was valued at USD 1.22 billion in 2021 and is projected to grow from USD 1.44 billion in 2022 to USD 5.48 billion by 2029, exhibiting a CAGR of 21.0% during the forecast period.

Is esports a big industry?

As competitive video games continue to integrate into popular culture, global investors, brands, and media outlets are all paying attention. Consumers are as well. In fact, Insider Intelligence estimates esports viewers in the US will total 29.8 million in 2022—eventually climbing to 34.8 million in 2026.

How big is the e sports audience?

Esports Audience Statistics

There are over 540 million esports viewers globally as of 2023, and it is predicted that this number will reach 640.8 million in 2025.

How many people do esports?

There are an estimated 234 million Esports enthusiasts (VentureBeat) Esports audience size has grown year-over-year between 2019 and 2021.

How big is eSports in the US?

The market's largest segment is Sponsorship & Advertising with a market volume of US$180.80m in 2023. With a projected market volume of US$445.20m in 2023, most revenue is generated in China. In the eSports market, the number of users is expected to amount to 41.36m users by 2027.

How Esports Is on Its Way To Becoming One of the Biggest Sports in the World

Will eSports be bigger than sports?

It's estimated that the global sports industry will grow to a value of around $350 billion by 2031. By the same time, the esports industry is expected to be worth around $3.5 billion, suggesting immediately that the esports vertical is worth a mere 10% of the value of the sports industry.

Is eSports the fastest growing sport?

One of the fastest-growing sports in the world is eSports. Since entering the mainstream, competitive gaming has skyrocketed in popularity, especially among people under 40. The industry is predicted to approach $2 billion by 2023, with viewers of the top events in the tens of millions.

How many eSports players are in the US?

The United States was the leading eSports country worldwide according to the number of active eSports competition players in 2022. The U.S. led the list with more than 3.7 thousand active competition players, followed by China and Brazil with 1.7 thousand and 1.38 thousand professional eSports players respectively.

What is the biggest e sport ever?

Leading eSports games worldwide 2022, by tournament prize pool. The eSports game with the greatest tournament prize pool in 2022 was Dota 2, exhibiting a cumulative prize pool valued at 32.85 million U.S. dollars.

Is Esport still growing?

Statista expects that to change in 2023, with more than 50 million people joining the global esports fan club, a 10 percent year-over-year increase. The rising trend is set to continue in the next two years, with the number of esports viewers growing by another 14 percent to 665 million by 2025.

How big will eSports grow?

The global eSports market size was valued at USD 1.22 billion in 2021 and is projected to grow from USD 1.44 billion in 2022 to USD 5.48 billion by 2029, exhibiting a CAGR of 21.0% during the forecast period.

Is eSports worth more than sports?

The global sports market makes between $300 billion to $600 billion a year in revenue. In comparison, the global eSports market generates less than one percent of that revenue annually.

Is eSports bigger than Super Bowl?

Not quite. Video games may be the most popular form of entertainment media, but esports don't hold a candle to traditional sports. Physical sport has more active fans, and its market value is much higher. Still, esports are rising in popularity, and tournaments are becoming more prominent and lucrative.

Why is eSports growing so fast?

In recent years, the eSports sector has grown significantly in terms of audience and revenue. Esports rapidly expanded to nearly become a $1 billion industry, driven by immense technological improvements and millions of enthusiastic followers around the world. As the eSports audience grew, so did its revenue.

Who is the highest paid esports player in us?

The highest earning eSports player from the United States in 2022 was Jing Jun Wu, also known as Sneyking. Wu earned around 1.78 million U.S. dollars through gaming in 2022, the majority of which came from his first place finish at the Dota 2 championship known as The International that year.

What is the biggest esports city in the US?

Esports Stadium Arlington (ESA) is a North American esports facility located in Arlington, Texas. The 100,000 sqft venue is the largest dedicated esports facility in North America and holds 2,500 spectators.

Who has the largest gamer population?

Asia is the biggest gaming market, with 1.48 billion players. It should come as no surprise that Asian countries have the most gamers globally. After all, many gaming companies hail from this continent, as does most of the world's population.

What is the hottest growing sport?

Several studies have highlighted that pickleball is the fastest-growing sport in North America. There are 5 million pickleball players across the USA, with many starting during the pandemic. The sport is beloved by players due to the fact that it is relatively simple to learn and extremely social.

What is the hardest esport to play?

What is the most viewed Esport?

1st place — League of Legends

The title of the most popular esports discipline in 2022 goes to League of Legends. Tournaments in the iconic MOBA by Riot Games accumulated 617K Hours Watched, 7% fewer from 2021.

What percentage of people think esports is a sport?

When looking at all U.S. adults only 34 percent are aware of esports, while only 18 percent would consider it an actual sport.

Is esports viewership declining?

The competition's audience numbers have remained steady since, with the season 14 finals in 2021 delivering 758,000 viewers, while the season 15 and season 16 finals last year were watched by a peak audience of 413,000 and 509,000, respectively.

How did esports get so big?

The increasing viewership is what mainly contributed to the revenue growth – and it's not just because those viewers are generating revenue. Seeing the potential of reaching a large and engaged audience, brands are investing in eSports marketing, both directly and indirectly.