Is the esports industry growing?

Is the esports industry growing?

Most projections put the esports ecosystem on track to surpass $1 billion in revenue for the first time this year. And revenue is expected to grow from here—Newzoo projects it to hit $1.8 billion by 2022.

How fast is the esports market growing?

According to UKIE data, the esports sector of the UK has grown about 8.5% a year between 2016 and 2019, with it only expected to go up from here.

How much is the global esports market expected to generate in 2020?

The global Esports market size was estimated at USD 1.09 billion in 2019 and is expected to reach USD 1.48 billion in 2020.

How much did the esports industry make in 2020?

Covid-19 to see esports’ 2020 revenue fall to US$950.3m, says study – SportsPro Media.

How does Newzoo global esports market report work?

This sixth edition dives deep into the global and regional esports economy, providing a realistic estimate of the market’s future potential regarding revenue streams, audience numbers, key trends, and franchises. Important note: We review our esports market estimates every quarter and update them if necessary.

How big is the esports market in the world?

Global esports revenues will grow to $1.1 billion in 2020, a year-on-year growth of +15.7%, up from $950.6 million in 2019. In 2020, $822.4 million in revenues—or three-quarters of the total market—will come from media rights and sponsorship.

Which is the first billion dollar year for esports?

The result: 2019 will be the first billion-dollar year for esports, a market that will continue to attract brands across all industries.” Get EVEN MORE esports data in our analytics platform! The global esports audience will grow to 453.8 million worldwide in 2019, a year-on-year growth of +15.0%.

Who is the leader in the esports market?

Newzoo, the global leader in esports, games, and mobile intelligence, is today announcing the release of its 2018 Global Esports Market Report.

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