Get Your Game On. Time To Win
Tags: Esport, Stock Market, Gaming, Stocks, Videogames

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Get Your Game On. Time To Win

The video gaming industry is changing rapidly from being a casual hobby to a professional career possibility. Immense esports tournaments engage millions of fans watching in fixation, the same way as in conventional sports. Now is your your time to shine the light on your own potential possibilities and perhaps make a win for yourself. Get engaged in this growing sector and maybe you can get a win for yourself.

Do you enjoy playing games to pass the time? If you do, you are one of many that enjoys playing video games and that number is steadily increasing.

Are you aware that the global esports market size was valued at USD 1.1 billion in 2019 and is expected at a compound annual growth rate of approximately 24.4% from 2020 to 2027. (1) According to the same article, the increasing audience reach and engagement activities, formidable investments, increasing live stream of games, and increasing infrastructure for the league tournaments are key factors driving the market growth.

Lucrative options have been created for game developers, games, influencers, and event organizers, due to the professionalization in the industry.

Millennials appear to be considering esports as a professional career owing to the increase in popularity of gaming tournaments, impressive international prize pools, streaming revenues, and one-to-one sponsorships. Whats even more interesting is that universities and colleges have started a dedicated esports curriculum to develop skilled professionals. I just want to know where this opportunity was when I was in school!

“Limited tournament infrastructure and less number of organizations have restricted the market growth. Such limitations resulted in fewer revenue streams for players and team owners in the past few years. However, in 2017, Riot Games created the League of Legends for North America and Europe region, giving a structured format to the tournament. Later, in 2018, Activision Blizzard, Inc. launched overwatch league, creating requisite infrastructure and monetization of the esports tournaments. Thus, the league model in the tournaments has created various revenue streams for the esports ecosystem, boosting the overall market growth.” (1)

It seems that changing the gaming landscape has further fueled market growth. There appears to be a few games that have become the pillars of the gaming industry, like Fortnite, Dota2, Counterstrike: Global Offensive & Overwath, and League of Legends, (1)

Investments in this industry have made significant strides in recents years as the ecosystem offers diverse investment opportunities across a range of subsectors. In 2018, the market witnessed the impressive investments of over USD 4.5 billion, which was twice the investment in 2017. The investments are likely to increase with more franchise-style leagues, the continued growth of the audiences, and growing esports traction. The rising level of interest by various investors indicates the steady growth of the market over the forecast period. (1)

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Source 1: https://www.grandviewresearch.com/industry-analysis/esports-market