Esports Market worth 2,174.8 million USD by 2023

1
MarketsandMarkets Presents
Esports Market by Revenue Streams (Media Rights
(Subscription Online Advertisement), Tickets
and Merchandise, Sponsorship Direct
Advertisement, and Publisher Fees), and Geography
(North America, Europe, APAC, and RoW) - Global
Forecast to 2023 The esports market is expected
to be worth USD 926.3 million in 2018 and is
expected to reach USD 2,174.8 million by 2023, at
a CAGR of 18.61 between 2018 and 2023.
2
Media rights (subscription and online
advertisement), tickets and merchandise,
sponsorship and direct advertisement, and
publisher fees are the major streams that
contribute to the overall revenue generation of
the esports market. The increasing popularity of
video games and growing awareness about esports
are the major factors driving the esports
market. Sample pages of the Report
https//www.marketsandmarkets.com/requestsample.
asp?id123759465 Sponsorships and direct
advertisements to account for largest share of
esports market revenue by 2018 Sponsorships and
direct advertisements have a large contribution
to the overall esports market revenue. In the
recent years, sponsorship has witnessed a vast
increase, bringing a whole new dimension to the
concept of professional gaming. Sponsorships and
direct advertisements offer various opportunities
to the brand owners to directly reach to the game
fans in an event. Booths, video displays,
posters, freebies, interactive advertising, and
many other creative methods facilitate this reach
to the brands.
3
Further, the gamers form a highly dedicated
audience, with a strong sense of brand loyalty
they tend to be loyal to their preferred products
and brands. If brands succeed in attracting
esports audience, they would successfully gain
some long-term customers. Further, high prize
pool events are also boosting the number of
viewers and attracting top-level players,
especially for offline esports tournaments. The
increasing number of offline esports tournaments
is providing opportunities for sponsors and
advertisers to create brand awareness and loyalty
among its customers. Report Information
https//www.marketsandmarkets.com/Market-Reports/
esports-market-123759465.html Asia Pacific
currently leads esports market in terms of market
value APAC is the largest market for esports
owing to the presence of key game publishers and
event organizers, such as Tencent, Alisporst, and
Nintendo. Further, the increasing investments
from sponsors and advertisers are fueling the
demand for esports in this region. The growth of
this industry can be attributed to the increasing
number of esports competitions in the region.
Asia has always been an attractive market for the
gaming industry, especially owing to the ease of
entry, compared to other markets. Moreover, a
number of esports spectators, sponsors, and
brands from the western countries are
increasingly investing in the market in this
region.
4
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global
high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets now coming up
with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments..
5
Contact Us
MarketsandMarkets is determined to benefit more
than 10,000 companies this year for their revenue
planning and help them take their
innovations/disruptions early to the market by
providing them research ahead of the
curve. MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of niche markets. Contact Market
s and Markets UNIT no 802, Tower no. 7,
SEZMagarpatta city, HadapsarPune, Maharashtra
411013, India1-888-600-6441