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| Global Esports Market Size |
The global eSports market offers several advantages such as improved game
development, high fidelity graphics, competitive gameplay, and engaging
community events. E-sports involve professional and organized multiplayer video
gaming competition.
The global
eSports Market is estimated to be valued at US$ 2123.48 Mn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
One of the key trends driving the growth of the global eSports market is the
increasing popularity of e-sports tournaments and events. Major sports events
companies and sponsors are entering the e-sports industry by organizing
professional tournaments with big prize pools, which is helping generate high
viewership from audiences globally. For instance, a DOTA 2 championship called
The International organized by Valve has become one of the biggest annual
e-sports events in the world with prize pools surpassing $30 million each year.
The increasing viewership of e-sports events through online streaming platforms
is attracting more sponsorships and investments into the market. This is
contributing significantly to the popularity and rapid expansion of the global
eSports industry.
Segment Analysis
The global eSports market is dominated by two key sub segments- eSports games
and eSports platforms. eSports games segment held more than 50% market share in
2024 owing to increasing popularity of games such as Dota 2, League of Legends,
and Counter Strike among others. These games attract huge sponsors and
viewership, thereby driving revenues in the global market.
Key Takeaways
Global
Esports Market Size is expected to witness high growth over the
forecast period of 2024 to 2031. The global eSports Market is estimated to be
valued at US$ 2123.48 Mn in 2024 and
is expected to exhibit a CAGR of 4.7% over
the forecast period 2024 to 2031.
Regional analysis
Asia Pacific dominated the global eSports market in 2024 with over 40% share,
led by countries such as China, South Korea. The region is expected to remain
the fastest growing market during the forecast period owing to increasing
gamers population and investments in infrastructure development. North America
is also expected to grow at a significant pace during the forecast period on
back of growing awareness and sponsorships in the region.
Key players
Key players operating in the eSports market are Saipem, Subsea 7 S.A.,
McDermott International, and TechnipFMC plc. Saipem leads the industry with highest
market share in 2024 owing to its expertise and global presence. Subsea 7 S.A.
also holds significant market share worldwide. The global eSports industry is
witnessing high investment flows with growing viewership that is attracting new
as well as established technology players to tap into business opportunities.
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