The eSports industry has been in the mainstream since 2013. Global brands, media outlets, and investors are all paying attention to its revenues. The total eSports viewership is expected to grow from 454 million in 2019 to almost 646 million in 2023.
The pop culture of eSports is expected to bring a massive help on the industry’s revenue, investment Game streaming platforms like YouTube Gaming and Twitch allows gamers and fans to connect. These platforms will also enable players to communicate better with their teams during the game.
eSports Investments in 2020
Last June 2018, the venture investment in eSports reached $701 million, which is 73% higher than the total investments of 2017. Amazon’s investment in Twitch and YouTube Gaming indicates that several tech companies are ready to benefit from the industry in the coming years.
eSports Versus Traditional Sports
Many experts believe that eSports would become a rival to traditional sports leagues. It will take over ticket sales, sponsorships, merchandising, and advertising.
As of today, the most-watched eSports game in the world is League of Legends, while the most famous traditional sports-related are FIFA and Madden.
Mobile eSports in 2020
2020 is set to become the biggest year for the mobile eSports world. Several game developers have new partnerships and game releases that are sure to boost the eSports business growth. Here are some of the game predictions in 2020.
- League of Legends: Wild Rift
- Brawl Stars
- Free Fire
- Clash Royale
- PUBG Mobile
eSports Predicted Growth in 2020
The eSports industry is expected to surpass the $1 billion revenue in 2020. The $18-million revenue from Latin America is predicted to reach $42 million by 2023. Starting in 2020, the future of eSports is most likely powered by mobile. It will allow more gamers and fans to join the industry, especially those people who do not have PC or PlayStation 4 at home. The mobile gaming segment will make up at least 45% of the total global eSports market in 2020.
eSports in Asia
ESports Asian games continue to evolve and become more competitive. In recent years, the Southeast Asian gaming industry has attracted the most prominent investors in the world. 97% of Asia’s total revenue came from the Philippines, Malaysia, Vietnam, Singapore, and Indonesia. Studies have shown that mobile online gamers in Southeast Asia will rise to 250 million by 2021.
The overall eSports market is booming around the Asia Pacific. By 2025, their revenue is expected to reach $87 billion, especially when China, India, and South Korea continue to increase their tech-savvy populations.