eSports Market Demand ,Growth,Trend Analysis & Competition Tracking - Global Market insights 2018 to

From: Factmr
Published: Tue Oct 01 2019

Fact.MR has recently published a report on the eSports market which envisages the market performance during the forecast period of 2018 " 2028. The report includes thorough analysis of the key market insights that hold significant influence in transforming the market performance in the coming decade. The holistic study approach followed in the eSports market has included all the vital aspects of the market such as historical analysis and current market landscape. The report foresees the market growth trajectory during the review period by considering all the essential avenues shaping the market outlook. During the course of the study global as well as regional trends and prodigious opportunities in the eSports market have been taken into consideration.

The report has included sharp-eyed evaluations of the corresponding revenue anticipations in the form of an absolute dollar opportunity. Generally overlooked during market analysis, the absolute dollar opportunity assists in identifying potential growth opportunities in the eSports market. Another important key insights included in the report is the market attractiveness index. Thorough analysis as such can help vendors in identifying the market landscape and determine business expansion strategies such as mergers and acquisitions.

Market Definition

eSport or electronic sport is a competitive gaming facilitated by electronic system. Initially enjoyed as a fun in modern times, competitive gaming has been commercialized significantly with the increasing popularity. On account of which eSports industry has taken the form of organized teams that compete against each other in gaming tournaments. The all-digital and online eSports market proliferates against the backdrop of technological advancements, developing eSports infrastructure and evolving behaviors of eSports enthusiasts.

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Growing Popularity of eSports across Global Regions

Increasing media exposure is the prime fillip responsible for spreading the awareness of the eSports across world regions. In addition, with the increasing rates of smartphone subscriptions, a broader consumer base is exposed to the world of competitive gaming. eSports enthusiasts in Eastern Europe countries and Scandinavians have reported the most popular YouTube genre in eSports. The growing number of eSports enthusiasts, makes the United States one of the leading markets for the eSports. While significantly contributing in the North America market revenue, flourishing market in the U.S. has made North America region a hub of technology innovation and business innovation in the eSports market.

Broadcast Advertising Remains Key to eSports Landscape

Broadcast advertising plays a crucial role in the eSports landscape, however, the industry has witnessed the challenges of broadcasting on traditional media. Being an all-digital sport, growing number of media companies have recognized the potential of eSports and increased the coverage of eSports events. For instance, Turner Broadcasting System, WME/IMG and ESPN have initiated eSports broadcast and are covering more eSports events. Growing coverage of eSports events on broadcast media is expected to enhance the viewership and, in turn, propel the eSport market in the coming years.

Introduction of eSports on Educational platforms Presents New Opportunity

Along with the introduction of the eSports in the 2018 Asian Games, benefits of eSports are being noticed by the educational organizations including schools, colleges and universities. eSports is being recognized as a credible activity that assists in enhancing cognitive abilities and deliver other benefits when done in moderation. eSports modules are being introduced in the courses of several educational organizations in Canada, the U.S., Sweden and others. For example, Staffordshire University has introduces a full time BA (Hons) degree program of eSports in the UK. Further, as the eSports industry creates employment opportunities demanding people with specific skills, introduction of eSports in the educational domain can help students to explore career possibilities in the industry. Introduction of eSports in the educational platform is likely to present new growth avenues for the eSports market in the coming decade.

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