How much is the esports industry worth?
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How much is the esports industry worth?
Global esports revenues are expected to exceed $1 billion this year, according to Newzoo’s 2021 Global Esports & Live Streaming Market Report. The impressive figure will represent a growth rate of 14.5 per cent year-on-year from the $947.1 million generated in 2020.
How much is the 2020 esports industry?
In 2021, the global eSports market was valued at just over 1.08 billion U.S. dollars, an almost 50 percent increase from the previous year….eSports market revenue worldwide from 2019 to 2024 (in million U.S. dollars)
| Characteristic | Revenue in million U.S. dollars |
|---|---|
| 2021 | 1,084.1 |
| 2020 | 947.1 |
| 2019 | 957.5 |
Is esports a billion dollar industry?
Most projections put the esports ecosystem on track to surpass $1 billion in revenue for the first time this year. And revenue is expected to grow from here—Newzoo projects it to hit $1.8 billion by 2022.
How big is the esports industry compared to other sports?
By 2020, Activate suggests that 70 million people will watch a single esports final, which is higher than the viewership for U.S. professional baseball, soccer, and hockey finals. By that time, consumers will watch 3 billion hours of esports, which accounts for 10 percent of all sports viewing.
Is Esports bigger than sports?
Activate projects that in the United States esports will have more viewers than every professional sports league but the NFL by 2021. They project that there will be 84 million viewers of esports, higher than the 79 million MLB viewers or the 63 million NBA viewers.
Why is Esports growing so fast?
One of the main reasons there has been growth in eSports viewership is that more people are learning about it. There has been a tremendous rise in awareness of the eSports industry since 2015. Back then, there were slightly more than 800,000 people who had heard about it.
Is esports bigger than football?
Activate projects that in the United States esports will have more viewers than every professional sports league but the NFL by 2021. They project that there will be 84 million viewers of esports, higher than the 79 million MLB viewers or the 63 million NBA viewers. This is still dwarfed by the 141 million NFL viewers.