It’s true that eSports continues to push into mainstream boundaries. Newzoo estimates that by 2020 eSports will become a $1.4 billion market. In a June 2018 report, Goldman Sachs said it saw eSports surpassing Major League Baseball and National Hockey League viewership. According to Crunchbase research, global venture investment in organised professional competitive video gaming surged to $701 million over 60 deals in the first half of 2018.
Yet there remain challenges to overcome to fund and monetise this relatively new industry. ESports has a huge chance to surpass both the revenues and the viewership for traditional sports however the teams, leagues, broadcasters, streaming companies, and video game publishers need to figure out the best business models for monetisation and to secure funding.
Read the report to find out how the eSports stakeholders are driving revenue growth.
The esports market continues to grow on an exponential scale in Asia with a prediction of a 3 billion revenue by 2022, up from 655m in 2017.
Greater Southeast Asia (Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam and Taiwan/Chinese Taipei) is becoming a huge region for esports as the industry grows through tournaments, franchised leagues and increasing prize pools.
In this report compiled for us by market research and consulting firm Niko Partners, we explore the esports market in Southeast Asia, covering areas such as:
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For the first time in its 60-year history, the SEA Games will be including an esports tournament as a fully medalled event for its 2019 lineup. This marks the very first time that esports will enter a major international sporting tournament on an equal footing with the rest of the traditional sports that are involved.
In this content we explore the potential industry impact of esports’ inclusion including valuable insight from market research group Niko Partners. Discover:
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As Esports becomes more and more mainstream, it is only a matter of time before physical Esport arenas become a permanent fixture. So how do we create world class Esports venues? What are the challenges and how do we overcome them? What are the differences from traditional sporting venues? In this article we explore 5 ways to create world class Esports spaces and why its time to jump on the bandwagon now.