According to the latest eSports news, Acumen Research and Counseling experts have published the global eSports market growth forecast. This forecast indicates that the revenue of the global market will surpass an edge of 7,131.8 million dollars with a considerable compound annual growth rate of 25.1% by 2028. This data is presented in a timeframe from 2021 to 2028.
The gaming industry is burgeoning, and the number of players is constantly going up. Even though the market faced some difficulties and uncertainties due to the outbreak of the Covid-19 pandemic, its future is promised to be great.
The driving factors of the global eSports market
Following the data provided by the experts from Acumen, they highlight the following key points, which are growth drivers for the industry:
- The growing trend of youth towards online gaming;
- Increasing live streams of video games;
- Considerable investments in the online gaming industry.
The combination of the insane popularity of video games and an increase of live streams makes its impact on the eSports market not only in terms of popularity but also in terms of prosperity. And the youth people appreciate all these factors coupled together. For instance, the number of gamers was counted 2.69 billion in 2020, and there were over 80 million games downloaded during the same year. And the number of mobile players is anticipated to be increased to 3.07 billion in 2023, according to the data provided by Finances Online Research Center.
Furthermore, many famous investors invested millions of dollars into the global eSports market, making valuable sponsorship deals with eSports leagues and teams. Additionally, such companies as Apple and Samsung have sponsored different events to raise the revenue of the mobile gaming industry.
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