The value of the esports industry was estimated to be in the $950 million range in both 2019 and 2020. But in 2021 it surpassed $1 billion for the first time ever. The value refers to the global revenue the industry creates. Currently, China is the market leader by size followed by the US. Western Europe holds 3rd place in 2021. All regions combined account for approximately 80% of the total $1.08 billion. The market is expected to continue growing at a fast, double-digit pace. This means, by the time of 2024 analysts believe the market will be in the $1.6 billion range.