How big is esport?

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 esports fanbase?

Only 261.2 million viewers out of the 532.1 million are esports enthusiasts. The rest of them are occasional viewers.

How big is the US eSports market?

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

Is eSports a trillion dollar industry?

In 2022, Statista reported the global esports market was valued at just over $1.38 billion, projected to grow to as much as $1.87 billion in 2025.

What is the largest eSports crowd ever?

The 2021 Free Fire World Series, a Garena Free Fire tournament hosted by Singapore, became the most watched eSports event of all time, with a recorded 5.41 million peak viewers.

Is eSports a billion dollar industry?

Revenue of the global eSports market 2020-2025

In 2022, the global eSports market was valued at just over 1.38 billion U.S. dollars. Additionally, the eSports industry's global market revenue was forecast to grow to as much as 1.87 billion U.S. dollars in 2025.

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.

Is eSports more profitable 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.

Will esports surpass regular 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 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?

The social aspect of live streaming and gameplay is a major reason why eSports have reached such heights. Fans can interact directly with players and teams through video game-specific streaming services like Twitch and YouTube Gaming, while more widely used social networks have fostered these relationships.

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.

Who are the biggest eSport investors?

Who is the biggest online gamer?

The most famous gamer on YouTube is PewDiePie. Felix Arvid Ulf Kjellberg, known as PewDiePie, is one of the top YouTube gaming influencers. He is also known as one of the most-subscribed-to YouTube accounts. His page has more than 100 million subscribers.

Do gamers make millions?

The most common form of income for professional gamers is prize money. Competitions around the world can have prize pots in the hundreds of thousands of USD, and the biggest tournaments have prizes in the millions of dollars. This prize will be split amongst all the members of the team when playing team events.

How profitable is eSports?

Overall, esports is a very difficult industry to be profitable in. Even the largest organizations struggle with profitability. But with a lot of careful planning and execution, it is manageable and sustainable.

How fast did eSports grow?

Global awareness of eSports is growing, and fast. In 2019, global awareness of eSports was 1.8 billion, and that number is only rising. In 2021, the global eSports industry was valued at more than 1 billion US Dollars. That's a nearly 50% increase from the year before in 2020.

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 is the hardest esport to play?

What esports game takes the most skill?

Counter Strike: Global Offensive:

One of the most popular Esports games out there. CSGO is one of the oldest games in the scene that is said to be the most mechanically difficult game. However, it doesn't take much time to understand the basics but to be a professional player, roots must go deeper.