PlayToday.co
  • Home
  • Resources
    • Infographics
    • Stats & Facts
    • Guides
  • News
  • About Us
  • Contact Us
PlayToday.co
  • Home
  • Resources
    • Infographics
    • Stats & Facts
    • Guides
  • News
  • About Us
  • Contact Us

eSports Industry Expected to Reach $1 Billion in 2023

  • Last Update: March 9, 2023
  • 2 minute read
eSports Industry Expected to Reach $1 Billion in 2021
Image by PublicDomainPictures from Pixabay

Over the past few years, the eSports industry has seen incredible growth. Based on the figures available, the experts believe the upward trend is to continue.

Earlier this year, we published interesting eSports stats and noted that the industry was forecast to exceed $1 billion in 2021 for the first time. The latest projections confirm that.

According to Newzoo’s Global eSports & Live Streaming Market Report 2021, the industry is now expected to reach $1.084 billion, a rise of 14.5% from $947.1 million in 2020, when COVID-19 caused a period of weak activity in many areas. 

It was believed that this industry hadn’t been that affected by the pandemic, but the figures tell us something different. Namely, the eSports industry didn’t register growth in 2020. On the contrary, annual revenues dropped by some $10 million.

Now that recovery has started, the rise should continue at a CAGR of 11.1% in the years to come. In 2024, annual revenues could stand at an astonishing $1.6 billion!

Furthermore, the global games live-streaming audience will reach 728.8 million in 2021, a 10% increase y-o-y.

As for the countries contributing to this market the most, it’s a well-known fact that China is dominant. For instance, 40% of people who watch eSports tournaments are in China. In 2020, there were some 185.5 million people in this country streaming eSports. China is thus projected to account for $360.1 million (33.22%) of the 2021 annual revenues.

North America is expected to contribute $243 million (22.41%), while Western European countries’ share should be $205.8 million (18.98%).

These figures are very promising, and we’re excited to see what the upcoming years will bring to the eSports industry.

Share
Tweet
Share
Milica Lukić

As an English linguistics Ph.D. student, an EFL teacher, and a translator, Milica’s everyday life is full of research tasks. Always willing to acquire new knowledge, she enjoys writing about it and sharing it with others. In her free time, Milica can be found reading, watching cute animal videos, spending hours trying to master Korean, and learning about digital marketing through her study blog on Instagram.

You May Also Like
Best Poker Training Sites and Courses: Poker cards and chips.
View Post

Best Poker Training Sites and Courses in 2023

  • Last Update: March 20, 2023
The cost of creating an NFT
View Post

How much does it cost to create an NFT?

  • Last Update: February 16, 2023
Lucky-Block
View Post

Is Lucky Block Crypto Legit: What You Need to Know

  • Last Update: February 16, 2023
How to Bet on Baseball featured image PlayToday
View Post

How To Bet on Baseball: Bet Types, Tips, and Mistakes To Avoid

  • Last Update: December 15, 2022
what are penny slots featured image playtoday
View Post

What Are Penny Slots? Beginner’s Guide to Low-Stake Gambling

  • Last Update: December 15, 2022
golf terms featured image playtoday
View Post

Golf Terms: Master the Language of the Game

  • Last Update: December 13, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

Latest Posts
  • Best Poker Training Sites and Courses: Poker cards and chips.
    Best Poker Training Sites and Courses in 2023
    • Last Update: 20.03.23
  • The cost of creating an NFT
    How much does it cost to create an NFT?
    • Last Update: February 16, 2023
  • Lucky-Block
    Is Lucky Block Crypto Legit: What You Need to Know
    • Last Update: February 16, 2023
  • How to Bet on Baseball featured image PlayToday
    How To Bet on Baseball: Bet Types, Tips, and Mistakes To Avoid
    • Last Update: December 15, 2022
  • what are penny slots featured image playtoday
    What Are Penny Slots? Beginner’s Guide to Low-Stake Gambling
    • Last Update: December 15, 2022
Keep in Touch
PlayToday.co
  • About Us
  • Contact Us
  • Affiliate Disclosure
  • Privacy & Cookie Policy
  • Terms of Use
©2022 PlayToday.co – All Rights Reserved.
bga 18+

Input your search keywords and press Enter.