Esports Market: The esports market, also known as electronic sports or competitive gaming, refers to the organized, professional, and competitive play of video games. It involves players or teams competing against each other in various video game titles, often in front of live audiences or through online streaming platforms. Esports has gained significant popularity and has become a global phenomenon, attracting millions of viewers and generating substantial revenue.
Esports Market Overview:
Maximize Market Research’s new report, Global Esports Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Esports market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Esports market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Esports market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Segmentation:
by Gender
Male
Female
by Audience
Regular Viewers
Occasional Viewers
by Revenue Model
Sponsorship & advertising
Esports betting & fantasy site
Prize pool
Amateur & micro tournament
Merchandising
Ticket sale
Market segments include Sponsorship & advertising, Esports betting & fantasy sites, Prize pools, Amateur & micro tournaments, Merchandising, and Ticket sales based on the revenue model. In 2019, the sponsorship category accounted for 39.9% of all esports revenue globally. Through sponsorship, businesses have a major chance to connect with their target audience directly on offline and online media channels. The company may reach millions of followers by using booths, posters, interactive advertising, video displays, freebies, and a number of other cutting-edge strategies. Many big companies have already established sponsorship relationships with esports teams and competitions, including Intel and Nvidia. Selling gaming-related goods has shown to be a wise investment because it helps companies increase their market share and brand recognition.
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Key Players:
It then discusses the top competitors in the worldwide Esports market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1. Modern Times Group (Sweden)
2. Activision Blizzard (US)
3. FACEIT (UK)
4. Nintendo (Japan)
5. Gfinity (UK)
6. Turner Broadcasting System (US)
7. CJ Corporation (South Korea)
8. Valve Corporation (US)
9. Tencent (China)
10. Electronic Arts (EA) (US)
11. Gameloft SE
12. NVIDIA Corporation
13. Intel Corporation
14. HTC Corporation
15. Epic Games
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Regional Analysis:
The report has analyzed the global Esports market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Esports market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Esports Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Esports Market Report are:
- Which are the major companies in the Esports market?
- Which is the potential market for Esports in terms of the region?
- Which application area of Esports is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Esports market size by 2027?
- What are the growth prospects for the Esports market?
- What is the base year considered in the Esports market report?
- Which region holds the largest market share in the Esports market?
- What factors are anticipated to drive the Esports market?
