Beige Market Intelligence Predicts That Esports Market Will be $1.5 Billion in 2021. Activision Blizzard, Valve, Hi-Rez Studios and Wargaming Leading the Market.
Beige Market Intelligence has published a new market research report on worldwide eSports. The report covers the present scenario and the growth prospects of the worldwide eSports Market for the period 2015-2021. The report provides in-depth analysis of market size and growth of worldwide eSports market.
Chicago, IL, April 30, 2016 --(PR.com)-- eSport is an overall attempt to make entertainment more value-oriented through video games competitions. It is a global phenomenon where the audience watches and enjoys the competitive gaming contests between skilled players. North America was the leading region and is also the second fastest growing region for eSport regarding revenue. The US was the largest country for eSport generating more than 30% of the market revenue in 2015; the primary reason being the dramatic growth in the number of eSport enthusiasts that increased from about 10 million in 2013 to over 15 million in 2015. All of these factors in conjunction with the dynamic trends associated with the market are expected to help the market to grow to more than US$ 1.5 billion by 2021, which Beige Market Intelligence analysts believe to be a conservative projection.
North America will be leading in terms of revenue generation to the Worldwide eSport market by 2021 with share more than 30%
Since 2011, eSport has been growing exponentially in North America. It has shown immense growth in 2013 and 2014, and the growth has followed in 2015. North America continues to be the dominant region in terms of eSport revenue. Since the Internet and social media had not adequately disrupted the market earlier, eSport got highlighted with greater technology innovation after 2012. In terms of overall audience participation in North America, MOBA games such as League of Legends (LoL)and DotA 2 dominates the market followed by FPS games such as Counter-Strike: Global Offensive (CS:GO) and Call of Duty.
More than 4 billion hours of eSport was viewed online in 2015
With eSport becoming a large revenue generator, the market is booming worldwide and this can also be understood by the increasing viewership which is competing head on with the viewership of traditional sports. In 2012 more than a billion hours of eSport video was watched. In 2015, viewers watched more than 4 billion hours of eSport video online and this figure is expected to almost double by 2021. League of Legends (LoL), DotA 2, and StarCraft II were the biggest titles that were watched worldwide in 2015. The heavy promotion of eSports competition by game publishers to earn from a different revenue stream other than sales of traditional games, and the emergence of online video platforms are some major factors boosting eSports viewership
Revenue per enthusiast expected to reach approximately US$ 8 by 2021
As of 2015, the APAC region accounted for more than 50 percent of all the eSport gaming enthusiasts, however, in terms of revenue contribution from enthusiasts, the North American region was the leading region thereby indicating that the revenue per enthusiast was higher in North America in 2015. All regions are expected to see a steady increase in the number of eSport enthusiasts whilst witnessing a significant increase in spending per enthusiast by the end of 2021.
Intense competition among industry participants
With the revenue that is to be generated expected to increase considerably over the next few years, there is intense competition among the key participants operating in the market. Key participants operating in the market include Capcom, Microsoft Studios, Riot Games, Activision Blizzard, Aksys Games, Bandai Namco, Bethesda Softworks, Electronic Arts (EA), Hi-Rez Studios, NCsoft, Neowiz Games, Nintendo, Sega, Ubisoft, Valve Corporation and Wargaming.
About Beige Market Intelligence
Beige Market Intelligence is a provider of competitive business intelligence, working across various industry verticals. Our expertise and knowledge ensures that the market analysis Beige provides is comprehensive, detailed and complete. The analysis helps our client organizations become aware and to make educated decisions, as far as investing or devising a marketing strategy is concerned. The actionable insights delivered through our market research provide a comprehensive market analysis for every level of market segmentation in an industry.
Our team of experts ensure the analysis you receive is not just analyzed and presented, but can also be customized based on the client’s requirement. Our deliverables guarantee our current global client base do not look beyond Beige when it comes to competitive intelligence.
Beige Market Intelligence has an employee base present across the globe. Our analysts come with numerous years of industry experience, which ensures we not only understand our clients but deliver high quality reports as well.
For more information, please contact Jency Jacob at
info@beigemarketintelligence.com
US: +1 347 903 9949
UK: +44 20 323 99499
APAC: +91 99 012 75473
North America will be leading in terms of revenue generation to the Worldwide eSport market by 2021 with share more than 30%
Since 2011, eSport has been growing exponentially in North America. It has shown immense growth in 2013 and 2014, and the growth has followed in 2015. North America continues to be the dominant region in terms of eSport revenue. Since the Internet and social media had not adequately disrupted the market earlier, eSport got highlighted with greater technology innovation after 2012. In terms of overall audience participation in North America, MOBA games such as League of Legends (LoL)and DotA 2 dominates the market followed by FPS games such as Counter-Strike: Global Offensive (CS:GO) and Call of Duty.
More than 4 billion hours of eSport was viewed online in 2015
With eSport becoming a large revenue generator, the market is booming worldwide and this can also be understood by the increasing viewership which is competing head on with the viewership of traditional sports. In 2012 more than a billion hours of eSport video was watched. In 2015, viewers watched more than 4 billion hours of eSport video online and this figure is expected to almost double by 2021. League of Legends (LoL), DotA 2, and StarCraft II were the biggest titles that were watched worldwide in 2015. The heavy promotion of eSports competition by game publishers to earn from a different revenue stream other than sales of traditional games, and the emergence of online video platforms are some major factors boosting eSports viewership
Revenue per enthusiast expected to reach approximately US$ 8 by 2021
As of 2015, the APAC region accounted for more than 50 percent of all the eSport gaming enthusiasts, however, in terms of revenue contribution from enthusiasts, the North American region was the leading region thereby indicating that the revenue per enthusiast was higher in North America in 2015. All regions are expected to see a steady increase in the number of eSport enthusiasts whilst witnessing a significant increase in spending per enthusiast by the end of 2021.
Intense competition among industry participants
With the revenue that is to be generated expected to increase considerably over the next few years, there is intense competition among the key participants operating in the market. Key participants operating in the market include Capcom, Microsoft Studios, Riot Games, Activision Blizzard, Aksys Games, Bandai Namco, Bethesda Softworks, Electronic Arts (EA), Hi-Rez Studios, NCsoft, Neowiz Games, Nintendo, Sega, Ubisoft, Valve Corporation and Wargaming.
About Beige Market Intelligence
Beige Market Intelligence is a provider of competitive business intelligence, working across various industry verticals. Our expertise and knowledge ensures that the market analysis Beige provides is comprehensive, detailed and complete. The analysis helps our client organizations become aware and to make educated decisions, as far as investing or devising a marketing strategy is concerned. The actionable insights delivered through our market research provide a comprehensive market analysis for every level of market segmentation in an industry.
Our team of experts ensure the analysis you receive is not just analyzed and presented, but can also be customized based on the client’s requirement. Our deliverables guarantee our current global client base do not look beyond Beige when it comes to competitive intelligence.
Beige Market Intelligence has an employee base present across the globe. Our analysts come with numerous years of industry experience, which ensures we not only understand our clients but deliver high quality reports as well.
For more information, please contact Jency Jacob at
info@beigemarketintelligence.com
US: +1 347 903 9949
UK: +44 20 323 99499
APAC: +91 99 012 75473
Contact
Beige Market Intelligence
Jency Jacob
09901275473
http://www.beigemarketintelligence.com/reports/research-report-consumer-and-retail-market/esports-ma
Jency Jacob
09901275473
http://www.beigemarketintelligence.com/reports/research-report-consumer-and-retail-market/esports-ma
Contact
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