The Growth and 6 Reasons to Invest in Esports Gaming Industry
The esports gaming industry is currently developing at an incredible pace. With millions of people tuning in to watch professional players compete and hundreds of millions of dollars staked, it's no wonder companies are looking for a piece of the pie.
What was once a niche market is now mainstream, with big brands sponsoring teams and streaming talent, and online spectators watching matches online. These numbers have been growing exponentially over the past decade, and it's only likely to increase in the future.
Esports is the fastest-growing global sport, with widespread interest in countries across the world. The industry is also expected to grow to create a multi-billion-dollar industry and create new opportunities for game developers and traditional sports media firms in many markets across the globe.
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Professional sports video gaming is getting more popular every day
Gaming, whether for fun or profit, is becoming more and more popular every day. The most popular games today are the ones that involve professional sports teams, but there are many other types of games that are also very popular.
The success of the games and the number of players are increasing rapidly. The most popular professional sports video gaming platforms are Madden NFL, NBA 2K, and NHL 2K. The NFL, NBA, and MLB now have officially licensed gaming platforms on which you can play the actual games. These games are played on a console or a computer system. They have become so popular that they have been considered an entertainment alternative to watching sports live or on television.
In recent years, professional sports video gaming has become an essential part of the sports entertainment industry. The rise of eSports has been one of the biggest drivers of this trend, as gamers can now compete with and against the best players in the world for cash prizes. In 2020 the revenue collected by the games market worldwide was $86.3B from mobile devices, $51.2B from consoles, and $37.4B from PCs.
The first step toward professional sports video gaming was when companies started creating their own sports games for people to play online. These games were available for free on mobile devices like smartphones or tablets so that anyone could play them at any time of day or night. These games allowed players to compete against each other in real-time while they were watching the actual game that they were playing on TV at home or on their PC at work!
Nowadays, there are many ways of watching professional sports and video gaming. You can watch the game live on TV if you have cable or satellite TV or watch it live online through streaming services like Twitch TV.
Growth and Revenue of the Gaming Industry
Esports is an industry worth billions of dollars in revenue and growing every year.
It's not just the professional players that make this industry so exciting — it's also the fans, who are passionate about their favorite teams and players.
The esports industry has been around for over a decade but only in the last five years has it become mainstream. It's not just about video games anymore, but also live streaming and other forms of content creation that are now being used to attract new audiences.
India is the world's largest mobile gaming market in terms of app downloads. Revenue from online gaming grew by 28% in 2021. The CAGR for the industry is 38% from 2017-2020.
The Indian esports market made a revenue of 3 billion Rs in 2021 and is set to reach 11 billion Rs by 2025. Currently, the industry is generating $1.5 billion. Research shows that GenZ spends 25% of its time on personal entertainment. This industry currently employs 40,000 people and is set to employ 2,00,000 by 2024. The current viewership accounts for 17Mn as of 2021. It is estimated that the viewership will rise to 85 million by 2025. The total number of online gamers in India counts to 390Mn in 2021 and is expected to grow to 450Mn by 2023. Study shows that there will be 240Mn paid gamers by 2026.
Of the total online gamers, 11% use PC/laptop, 4% use tablets, and 85% use mobile.
These numbers are not just for professional gaming tournaments at large events like the League of Legends World Championships or Overwatch World Cup; they are also for local amateur leagues where players with less ambition than others can still make money playing games competitively for prizes and/or cash prizes.
The Global viewers accounted for 335Mn in 2017, 395Mn in 2018, 454Mn in 2019, and 645mn in 2022. In 2019 out of Esports enthusiasts 57% share came from Asia-Pacific.
The popularity of esports is growing rapidly thanks to its accessibility (you don't need to be rich or famous), its social aspect (you can meet new people while watching others play your favorite games), and its ability to provide an outlet for people who want to express themselves while having fun at the same time. It involves professional teams competing against each other on the same map with live commentary from experts who analyze each gameplay during play-offs to determine who wins each round.
Reasons to Invest in the Esports Gaming Industry
The rise of this industry has been nothing short of meteoric and it's only set to get bigger as the esports market continues to expand.
The esports industry is booming because it appeals to a wide array of people and offers a unique experience, unlike other sports or entertainment forms. Therefore, investors are keen on investing in this growing sector.
Here are some reasons why you should consider investing in the esports gaming industry:
The demographic appeal – Esports fans have wide-ranging demographics, from women and men who watch YouTube videos together and enjoy watching their favorite teams compete, to teenagers who spend hours playing video games online with friends or family members. The global audience spans from children (who play games) to retirees who want something fun to do at home or on their mobile devices.
The viewership numbers – According to Newzoo's Global Esports Market Report 2020, there were over 454 million esports fans globally in 2019. Esports is being watched by millions of people online, on television, and in stadiums around the world.
There are big money opportunities for investors - As more and more people start to understand the benefits of investing in Esports Gaming, companies will continue to grow. The demand for high-quality players is increasing every year. It is the largest mobile gaming market in terms of app downloads.
Profitable investment - Esports is a young industry that continues to be very profitable for investors. According to Newzoo, the global esports market was worth $924 million in 2017 — and it's projected that this number will increase by 51% over the next three years. In addition, according to Statista, esports fans spend more money on games than other forms of entertainment like movies or music.
High potential returns- With so much money being invested into this industry right now, there's no doubt that it will continue to grow and offer high potential returns for investors over time. According to Newzoo's 2018 Global Esports Market Report, approximately 2 million gamers were playing competitively at any given moment around the world.
Esports are becoming more mainstream - In 2019, 80% of all sports fans watched some form of online video content. This includes watching Twitch streams or YouTube videos featuring popular streamers like Fortnite Ninja or League of Legends player Faker.
Conclusion
Competitive gaming is an industry that has seen more growth over the past years. Esports gaming gives players and audiences alike the thrill of competition, the feel of the win and now they can even earn an income from gaming. With the growing popularity of esports, game developers are now cashing in on their games' potential for creating these communities. The esports industry is growing because many brands are capitalizing on this opportunity to reach a wider audience and diversify fans. As an industry, esports could very well be the future, as it has managed to grab the attention of some of the largest corporations and investors in technology, much like professional sports did a long time ago.