Latest News- Esports Market: Sponsorships is expected to lead the Revenue Stream segment during 2025-2029

The Esports Market is being driven by Increasing branding through esports

The Esports Market is expected to grow at a CAGR of 21.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4337 million. The global esports market is witnessing a surge in popularity, with esports betting emerging as a significant trend. This trend is bridging the gap between esports events and traditional sports events, as increasing prize pools and sponsorships add legitimacy to the industry. High-stakes tournaments offer lucrative opportunities for bettors to wager on their predictions, with easily accessible betting platforms enabling fans to place bets online or via mobile devices. The global reach of esports enables fans from diverse regions to participate in this exciting and dynamic betting landscape. 

Get more information on Esports Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Revenue Stream
  • Sponsorships
  • Media rights
  • Publisher fees
  • Advertising
  • Merchandise and ticket sales
• Genre
  • MOBA
  • FPS
  • RTS
  • Others
• Device
  • Smart phone and smart TV
  • Gaming console
  • Desktop / laptop / tablets
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing branding through esports
• Rising number of esports events
• New platform launches for esports

However, the market also witnesses some limitations, which are as follows:

• Growing cost of game development
• Limited target audience for esports and unclear media rights
• Adverse effects of video gaming on health

Benefits of Buying Global Esports Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Esports Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Esports market is experiencing significant growth, with games like Fortnite, League of Legends, and Overwatch driving viewership through live streaming. Gamers and organizers are investing in infrastructure for league tournaments, reaching millions of millennials and influencers. Revenue is generated through ticket sales, engagement activities, advertising, and gaming investments. The Esports Integrity Coalition ensures fair play, while streaming platforms provide a global audience reach.

Market Research Overview

In the Esports industry, licensing plays a pivotal role in ensuring a fair and crime-free market. Esports players, colleges and universities, and consumer spending are significant audience segments. With the involvement of celebrities, engagement activities have reached unprecedented levels. However, concerns regarding addiction are a pressing issue. To regulate this burgeoning industry, licenses are essential. Operating licenses enable esports organizations to legally operate tournaments and events. Premises licenses ensure that dedicated programs and platforms adhere to legal guidelines. Personal management and functional licenses are necessary for individuals holding managerial and operational positions. These licenses not only maintain a level playing field but also safeguard consumers from potential risks associated with unregulated activities. By adhering to licensing requirements, the esports industry can continue to grow sustainably while addressing concerns related to distraction, consumer protection, and fair play.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/