What is the size of the eSports market in 2030?

Market Overview

The global esports market size was worth USD 1,178 million in 2021. It is expected to reach USD 5,743 million by 2030, growing at a CAGR of 21.9% during the forecast period (2022–2030).

How much will the esports industry be worth 2030?

07, 2023 (GLOBE NEWSWIRE) -- The Global eSports Market Size Was Valued at USD 1.22 Billion In 2021. The Market Is Projected To Grow From USD 1.44 Billion In 2022 To USD 5.48 Billion By 2030, Exhibiting A CAGR Of 21.0% During The Forecast Period.

How big is the market for esports?

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.

What is the esports market forecast?

In the eSports market, the number of users is expected to amount to 720.80m users by 2027. User penetration will be 7.6% in 2023 and is expected to hit 9.1% by 2027. The average revenue per user (ARPU) is expected to amount to US$2.80.

Is esports a growing 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.

The Future of Gaming - 2030 Gaming Industry

Will eSports be the future?

Esports is the fastest-growing theme in the gaming sector and is predicted by GlobalData market forecasts to generate an astounding $1.8 billion by 2025.

How fast is the eSports market growing?

How fast is esports growing? A recent report by the Milken Institute claims that professional esports brought in roughly $660 million dollars in 2017 and projected that number to grow to over $1 billion by the end of 2019.

How much will the video game industry be worth in 2025?

The worldwide gaming industry is expected to be worth more than $300 billion by 2025. According to Survey made by Enterprise Apps Today, Mobile gaming is the most popular gaming segment with annual revenue of $81.5 billion in 2021.

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.

How much is the esports industry worth 2023?

With a compound annual growth rate (CAGR) of 16.1%, the global esports sector will grow from $1.41 billion in 2022 to $1.63 billion in 2023.

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.

What will video games be like in 2030?

Impressive Gameplay

In the year 2030, virtual reality and augmented reality will dominate the gaming industry. In addition to this, numerous gamers will significantly use this technology to introduce new genres to the audience.

What is the future of esports revenue?

Global esports revenues will hit $1,084 million in 2021, a year-on-year growth of +14.5%, up from $947.1 million in 2020. This is the first time the industry has ever crossed the ten-figure threshold. $833.6 million in revenue – more than 75% of the total market – will come from sponsorship and media rights.

What is the future of e gaming?

The Indian gaming and esports sector has witnessed tremendous growth over the past few years, and there is no doubt that this growth will skyrocket even more in the years to come. Industry estimates predict that the number of online gaming users in India is poised to grow from 481 Mn in 2022 to over 657 Mn by 2025.

What are the top 10 fastest growing sports?

What is the fastest growing sport in USA?

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.

Does gaming industry have a future?

Gaming is now a bigger industry than movies and sports combined. Revenue for gaming reached $184 billion in 2022, and the number of gamers is expected to grow to 3.6 billion by 2025. It's not just kids either: 38 percent of gamers are between the ages of 18 and 34 years, and 16 percent are older than 55.

Is the gaming industry growing or declining?

Video Game Industry Ad Revenue

US mobile gaming ad spend will grow 10.0% to $6.28 billion in 2023 and continue to grow by between 8% and 10% over the next few years, according to our forecast.

Is gaming a trillion dollar industry?

Video games are a billion-dollar business and have been for many years.

How much is the eSports industry growing?

In the coming year, the global esports economy will generate revenues of $1.1 billion, a year-on-year growth of +15.7%. Most of these revenues (74.8%) will come from sponsorships and media rights, which will total $822.4 million, a +17.2% increase from last year.

Which country has the largest eSports market?

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.

Is esports a stable career?

Cut to today, things have changed for the better drastically, and today in India, a career in esports is considered to be one of the most lucrative, fun, and potent career pathways.