How big is the esports market in 2023?

The growing audience has largely led to this growth in revenue. Brands are now investing in eSports marketing more than ever. This section highlights the statistics associated with Esports revenue as of 2023: The global e-sports market is valued at $1.44 billion as of 2023.

How much is the esports industry worth 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. User penetration will be 7.6% in 2023 and is expected to hit 9.1% by 2027.

What is the esports industry worth projected to reach in 2024?

Looking further forward to 2024, eSports revenues will reach $1617.7 million, showing a Compound Annual Growth Rate (CAGR) of 11.1% from 2019-2024.

How big is the e sport 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.

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.

Where's Esports Going In 2023?

What is the future growth of eSports?

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.

Will 2023 be a good year for gaming?

While there are few guarantees in the gaming industry, 2023 is a guaranteed great year for gamers everywhere. Whether it's meaningful remasters or reboots, ambitious sequels or intriguing indie titles, 2023 possesses a diverse list of releases.

What will the gaming industry be like in 2025?

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.

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...

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 gaming look like in 2030?

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 will the gaming industry market size be in 2030?

Gaming Market - The global gaming market size is anticipated to reach USD 504.29 billion by 2030, exhibiting a CAGR of 10.2% during the forecast period, according to a new report published by Grand View Research, Inc.

What is the forecast for the video game industry in 2023?

The global gaming market is expected to grow at a compound annual growth rate (CAGR) of 9.9% from $229.39 billion in 2022 to $252.10 billion in 2023.

What is the fastest growing industries gaming?

In 2017, video games set a new record of turnover generated of 108.4 billion dollars. In 2019, this figure rose by 40%, to reach 152 billion dollars. As a result, within a matter of months, the video games industry has positioned itself as one of the fastest-growing economic sectors.

How much will the gaming industry be worth in 2026?

Global gaming industry will worth USD 321 billion by 2026.

Is virtual reality the future of gaming?

Virtual Reality (VR) and Augmented Reality (AR), both of which already exist in some form today, very likely will mark the next big step forward in the world of gaming technologies. They've already begun to impact commerce, business, design, entertainment and so much more.

What is the most hyped game for 2023?

What games are shutting down in 2023?

Is esports getting bigger?

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.

Is esport a promising career?

Many individuals are choosing a career in esports because of its booming industry, exciting work atmosphere and occupations with transferable skills. Because esports is still a growing field of entertainment business, there can be a lot of start-up companies and roles that might have several entry-level openings.