How much is the global eSports industry worth?

The market's largest segment is Sponsorship & Advertising with a market volume of US$894.60m 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 720.80m users by 2027.

How much is the esports industry worth?

The term “eSports” is characterized by regional or international video gaming events in which professional and amateur players compete against each other. In 2022, the global eSports market was valued at just over 1.38 billion U.S. dollars.

How much will the esports industry be worth in 2030?

Global Esports Market Report 2023-2030: A $1.39 Billion. Global Esports Market Report 2023-2030: A $1.39 Billion Market in 202...

Is esports a trillion dollar industry?

In 2019, NewZoo estimated the total revenue of the esports market would cross $1.1 billion. Following this, the market saw immense growth going into 2020 with a 15% rise on the previous year. Beyond this, their estimate for 2021 is looking at a further year-on-year growth of 14.5%.

What is the global popularity of esports?

Esports audience size has grown year-over-year between 2019 and 2021. In 2019, there were an estimated 197 million Esports enthusiasts. And a further 200.8 million occasional Esports viewers. In 2021, these figures grew to 234 million Esports enthusiasts.

How Esports Teams Make Money?

How big is the global eSports market?

KEY MARKET INSIGHTS

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.

Which country is no 1 in eSports?

1. South Korea: South Korea is a true trailblazer in the world of Esports. Regarded as the birthplace of the Esports phenomenon, this nation has consistently produced some of the best competitive gaming stars the world has ever seen.

How big is eSports in USA?

In the eSports market, the number of users is expected to amount to 41.36m users by 2027. User penetration will be 9.1% in 2023 and is expected to hit 12.0% by 2027. The average revenue per user (ARPU) is expected to amount to US$10.39.

What is the biggest money in eSports?

1. Winning The International 2022, Tundra Esports come in as the highest earning esports team of last year, with a grand total of $9.06million in prizes. As you would expect, Dota 2 is the biggest title for Tundra, and their win at the major in October brought the team $8.5million.

What will gaming be like in 2050?

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.

What will video gaming be like in 2050?

AR and VR Will Be King

Another way that gaming may be radically different in 2050 is that most people will be playing augmented reality and virtual reality games. Virtual reality gaming is already becoming more popular, thanks to headsets such as the Oculus Quest 2.

How rich is the richest gamer?

Ninja AKA Richard Tyler Blevins

Richard Tyler Blevins, better known as Ninja, is the world's wealthiest gamer. His net wealth of $17 million places him at the top of the list. Ninja is well-known for streaming Fortnite, but he has also been streaming PUBG, Call of Duty, and H1Z1 for over a decade.

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 industry bigger than Hollywood?

“Today, gaming is the largest category in the entertainment industry, with revenues that far exceed those of both the film and music industries. This year, the gaming industry is expected to be worth more than $170 billion in global revenues, five times greater than global movie box office revenues.”

Who is no 1 esport player?

1. JONATHAN. Jonathan ”JONATHAN” Amaral needs no introduction. He has been at the pinnacle of BGMI esports since the start of his esports career.

Who is the best paid e gamer?

The statistic presents the leading eSports players worldwide as of February 2023, ranked by overall earnings. According to the estimates, Johan Sundstein, a player from Denmark also known as N0tail, has so far earned 7.18 million U.S. dollars throughout his recorded eSports gaming career.

Who is the youngest millionaire in esport?

At the age of just 15 years 229 days, Jaden, better known among gamers as "Wolfiez", walked away from one of the biggest esports tournaments with over $1 million in his pocket, making him the youngest esports millionaire from a single tournament.

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.

What percentage of the US is gamers?

According to a survey conducted in October 2022, 70 percent of adults in the United States played video games on at least one platform. In comparison, 30 percent of U.S. adults did not play video games at all.

Does esports have a future?

The future of the esports industry will likely be powered by mobile, which will further reduce barriers to entry and allow even more gamers and fans to pour in. The mobile gaming segment is set to make up 45% of the total global games market this year.

What is the most watched esports live?

1st place — League of Legends

Tournaments in the iconic MOBA by Riot Games accumulated 617K Hours Watched, 7% fewer from 2021. The 2022 World Championship, which has set a new discipline record for Peak Viewers, became the most popular LoL tournament of the past year.

What esports is most famous?

League of Legends

LoL is by far the most played game in Esports, and contrary to the notion that it is losing players outside competitive gaming, it has been gaining players over the years.