The worldwide audience for esports games is currently estimated at 250 million people. As you can see, the growth of esports has been incredible, with new games brought to the market every year. Some games start dominating the market by gaining more popularity than others. At play-score.com, you can find more detailed information on the esports industry. Below, let’s check the basic details.
Esports Industry Market Growth Trends
As competitive video games keep integrating into popular culture, global investors, brands, and media resources will also pay attention to the situation. The same thing goes for consumers. In fact, there will be almost 30 million monthly esports viewers in 2021 and a bit more than 10% in 2020.
The esports industry is turning into a gambling environment with serious initiatives. It stands in the middle between a funny adventure and a serious financially profitable routine. Video streaming platforms like Twitch and YouTube Gaming provided a direct connection to the players and teams. More and more mainstream socials supported those connections as an ambitious initiative. Some esports companies, like FaZe Clan, are also getting into areas like merchandise. This is how they provide their brands with more notoriety.
Esports Teams and Advertising
With the industry’s growth, the number of teams and participants is getting higher. Similar to traditional professional sports, esports have their leaders and underdogs. According to Forbes, the list of the top eSports teams in 2020 includes:
- TSM ($410 million),
- Cloud9 ($350 million),
- Team Liquid ($310 million),
- FaZe Clan ($305 million),
- 100 Thieves ($190 million).
Esports leagues are constantly trying to expand their audiences by hosting live gameplay with regional and international teams involved. They manage to closely mimic traditional sports leagues. This way, they strengthen their positions as a serious industry.
Why Do eSports Demonstrate Rapid Growth?
New competitive video games are constantly brought to the market by the top developers. Also, the well-known video games receive new updates to their features, characters, bonus rewards, and so on. This needs to be done to keep players motivated and excited.
Esports is growing fast with more funds being invested into the industry. As a result, players are about to have a better gaming experience in a more developed gaming environment. With big budget releases, developers make a huge impact on professional video gaming.
An increasing amount of top-tier esports is organized and managed under the administration of their original developers like Activision Blizzard, Riot Games, and Steam. Knowing their commitment to the gaming industry, players can always expect some juicy updates to their beloved games.
Esports betting is not so hard to understand. After getting deeper into the world of cybersports, you will master the basics and will be ready to join the tournaments. But before you go on a winning streak, make sure that you know as much as possible about the game. You should also make a point of staying up to date with all the latest news from the world of esports. This will make your betting experience more effective and successful.
Esports betting can be an engaging and profitable adventure. Similar to any other kind of betting, it is important to keep in mind all the necessary details. To bet responsibly, you will need to keep a close eye on your bankroll. Eventually, you won’t be able to imagine your life without gaming and betting activities!
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Last modified: September 24, 2021