The esports industry is growing rapidly with more and more people tuning in to watch competitive gaming. According to a report by Newzoo, the global esports economy will reach $1.1 billion by the end of 2019. This is a 36.2% increase from 2018. The report also states that there are now over 454 million esports fans worldwide.
The global esports economy will reach $1.1 billion in 2019
The global esports economy will continue to grow in 2019, reaching $1.1 billion according to a new report from research firm Newzoo.
This represents a year-on-year growth of 27.4%, driven by increases in investment from brands, publishers, and game developers. Esports revenues will come from a variety of sources, including sponsorship (42%), advertising (19%), media rights (16%), merchandise and tickets (11%), and game publisher fees (12%).
Brand investment in esports will reach $isymbol 319 million in 2019, up from $251 million last year. This is largely due to the increasing interest from non-endemic brands, who are drawn to the esports audience of young, engaged, and tech-savvy consumers.
Publishers and developers will also invest more in esports this year, with a particular focus on mobile gaming. In 2019, mobile game publishers will generate $ Widowmaker 116 million in revenue from esports, up from $59 million last year. This is due to the increasing popularity of mobile games like Arena of Valor and Clash Royale.
The global esports audience will reach 454 million people in 2019
The global esports audience will reach 454 million people in 2019, up from 380 million in 2018, according to a new report from research firm Newzoo.
With its global reach and massive potential audience, esports is quickly becoming one of the hottest areas in the entertainment world. Brands are coughing up big bucks to sponsor tournaments and teams, while media companies are investing in creating their own esports leagues and coverage.
And it’s not just casual viewers who are tune into the action. The average esports fan watches more than 8 hours of content per week, according to Newzoo.
With so much interest and investment in the space, it’s no wonder that esports is expected to generate $1.1 billion in revenue this year. And that number is only going to grow in the coming years, with Newzoo predicting that the industry will generate $1.8 billion by 2022.
The esports industry is growing at a rate of 38% year-over-year
The esports industry is growing rapidly, with a 38% year-over-year growth rate. The total size of the industry is expected to reach $1.79 billion by 2022. The majority of this growth will come from sponsorships and advertising, as well as from the sale of tickets and merchandise.
There are currently around 488 million people worldwide who consider themselves to be esports fans, and this number is expected to grow to 665 million by 2021. The majority of esports fans are aged 18-34, and the vast majority are male.
The most popular esport in the world is League of Legends, with around 67 million active viewers. Other popular games include Counter-Strike: Global Offensive, Dota 2, Overwatch and StarCraft II.
How big is esports
The esports industry is growing rapidly and is expected to continue to grow in the coming years. According to a report by Newzoo, the global esports market was valued at nearly $900 million in 2018 and is expected to reach $1.65 billion by 2022. The report also found that there are now nearly half a billion esports enthusiasts around the world.
The esports industry is still in its early stages of development
The esports industry is still in its early stages of development, with a lot of room for growth. In 2015, the global esports economy was valued at $194 million, according to Newzoo. By 2019, that number is expected to grow to $1.79 billion. And by 2022, the global esports economy is expected to be worth $3.02 billion.
The majority of the revenue in the esports industry comes from sponsorships and advertising, as well as from streaming platforms like Twitch and YouTube Gaming. But there is also a growing amount of revenue coming from things like ticket sales, merchandise, and even betting on esports matches.
The size and scope of the esports industry can vary depending on who you ask, but most agree that it is still in its early stages of development. And with the way things are going, it seems likely that the esports industry will continue to grow at a rapid pace in the coming years.
The esports industry is fragmented and still evolving
While the esports industry is still in its early stages, it has already begun to fragment. This fragmentation is likely to continue as the industry matures, with a growing number of small and medium-sized businesses competing for a share of the market.
The size and scope of the esports industry are still being defined. Estimates of the current size of the industry vary widely, from $US700 million to $US1.5 billion.1 But even the most conservative estimates suggest that the industry is growing rapidly, with some projections expecting it to reach $US5 billion by 2022.2
The esports industry is still evolving and it remains to be seen how it will develop in the future. But one thing is certain: esports is here to stay and it is poised to become a major force in the world of sports and entertainment.
The esports industry is expected to continue to grow at a rapid pace
The esports industry is expected to continue to grow at a rapid pace. According to a report by Newzoo, the global esports economy is expected to reach $696 million in 2017, up from $463 million in 2016. The report also projects that the global esports economy will grow to $1.48 billion by 2020.
The report attributes the rapid growth of the esports industry to the increasing popularity of live streaming platforms such as Twitch and YouTube, as well as the growing investment from traditional sports organizations and brands.
As the esports industry continues to grow, it is important for businesses to understand the size and scope of the industry in order to make informed decisions about how to best participate in this rapidly growing market.