The North American esports market is anticipated to account for the largest sales revenue during the forecast period. Driving the Esports market growth include rising live streaming of games and increasing infrastructure for the league tournaments
NEWARK, Del, Oct. 18, 2022 (GLOBE NEWSWIRE) — The global eSports market is worth US$ 3.41 Bn as of now and is expected to reach US$ 18.65 Bn by the year 2032 at a thumping CAGR of 21.5% from 2022 to 2032.
With increase in frequency of live streaming of sports, expanding reach of audience, noteworthy outlays, engagement initiatives, and expanse of networks for league competitions, the global eSports market is bound to grow unabated in the next 10 years. The field of sports is turning out to be more specialized day after day, which is generating opportunities for players, influencers, game creators, and event planners. With huge prize funds at the global level, the youth is looking at eSports as one of the most promising career opportunities. Plus, universities have started doling out specific eSports programs for attracting talented workers.
The major sources of income for eSports include media rights, products, tickets, direct marketing, sponsorships, and publisher charges. Besides, Ads and sponsorships are amongst the primary income channels showing an ever-increasing demand since the last few years, as far as revenue-generating resources are concerned.
To Get Sample Copy of Report visit : https://www.futuremarketinsights.com/reports/sample/rep-gb-1911
Competitive benefits offered by eSports include option of choosing teams, organizations, and athletes that are way beyond the geographical barriers. It is also capable of interacting with non-conventional media. The main entities regarding eSports sector are inclusive of organizers, distributors, and creators. Marketers are in-charge of distribution and advertising, whereas developers conceptualize the idea of the game.
Video games are actually altering the way engagements happen in digital environment these days. They are, in fact, much more than just a thriving entertainment industry. It has been observed that gaming business promulgates creativity by pushing the upper limits with respect to achievements. Microsoft and Google are developing novel technologies for serving zillions of players across the globe. Video games at the forefront include Counter-Strike, League of Legends, PUBG, Fortnite, and likewise. Also, the current scenario is such that participants are willingly accepting pay-to-play concepts as well as money transfers. There are loads of online game marketers and also reviewers assisting lovers of gaming in eSports market.
Premium streaming sites are trending at the moment and likely to be advantageous for online gaming businesses like Electronic Arts and Ubisoft by curtailing expenses related to gaming systems. All these factors are bound to take the eSports market by storm in the forecast period. However, lack of standardization regarding eSports worldwide is likely to restrain the market. Future Market Insights has walked though these facts with insights in its latest market study entitled ‘eSports Market’.
Ask an Analyst: https://www.futuremarketinsights.com/ask-question/rep-gb-1911
Key Takeaways from eSports Market
North America holds the largest market share due to it being subject to incorporation of 5G data connection, followed by Europe.
The Asia-Pacific is expected to witness the fastest growth in the eSports market in the forecast period. This could be credited to the fact that eSports is declared an official sport in China. South Korea is already a well-established nation on the count of eSports. It has a well-built infrastructure for gaming houses, trainers, chefs, and researchers.
By revenue source, sponsorship dominates the market.
BY application, platforms lead the market.
By platform, smartphones rule the market.
“Millennials look upon eSports as a profession due to highly impressive global prize tools, thereby driving the eSports market”, says an analyst from Future Market Insights.
Competitive eSports Market
Twitch Interactive, Inc. has an exclusive platform for ‘live streaming’, which the fans have adopted for watching major tournaments. Twitch had, of late, witnessed the fans investing 24 Bn hours watching the streamers in the year 2021.
Rooter Sports Technologies Pvt. Ltd., in March 2022, acquired media rights for every IP of Sky Esports for a year. Sky Esports is one of the leading organizers of sports tournaments in South Asia.
Korean Esports Association (KeSPA), in April 2022, inked a 3-year sponsorship deal with SK Telecom, so as to render the latter KeSPA’s official sponsor.
FanClash was launched for start-ups in 2020 by Rishabh Bhansali and Richa Singh – both from IIM-A. It makes provision for rendering fantasy sports experience for eSports.
Buy This Report: https://www.futuremarketinsights.com/checkout/1911
What does the Report Cover?
Future Market Insights offers an exclusive perspective and various real-time insights on the eSports market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on application (platform and service), by streaming type (on-demand and Live), by device type (smartphone, smart TV, desktop, laptop, tablets, and gaming console), and by revenue stream (media rights, game publisher fee, sponsorship, digital advertisement, and tickets and merchandise).
Market Segmentation
By Application:
Platform
Service
By Streaming Type:
On Demand
Live
By Device Type:
Smartphone
Smart TV
Desktop
Laptop
Tablets
Gaming Console
By Revenue Stream:
Media rights
Game publisher fee
Sponsorship
Digital advertisement
Tickets and merchandise
Browse Full Copy of Report: https://www.futuremarketinsights.com/reports/esports-market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
Explore FMI’s related ongoing Coverage on Technology Domain
Network Access Control (NAC) Market Size : The network access control (NAC) market revenue totaled ~US$ 1.9 Bn in 2021. The network access control market is expected to reach ~US$ 27.4 Bn by 2032, growing at a CAGR of 27.5% for 2022 – 32.
Music Market and Streaming Services Market Growth : Global Music Market and Streaming Services demand is anticipated to be valued at US$ 22.9 Billion in 2022, forecast to grow at a CAGR of 18.4% to be valued at US$ 25.8 Billion from 2022 to 2032.
Battery Management System Market Trends : The global battery management system market size is valued at US$ 7,329.28 Million in 2022 and is forecasted to be valued at US$ 37,715.01 Million by 2032.
Spatial Computing Market Forecast : The spatial computing market revenue by the end of 2021 was US$ 87.5 Bn. The spatial computing market is expected to reach US$ 544.6 Bn by 2032, growing at a CAGR of 18.2% for 2022-2032.
Embedded Lending Market Analysis : Embedded lending market revenue totaled ~US$ 4.7 Bn in 2021. The embedded lending market is expected to reach ~US$ 32.5 Bn by 2032, growing at a CAGR of 19.4% for 2022 – 2032.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Instead, investors appeared to be concerned with comments made by Goldman Sachs CEO David Solomon and former Amazon CEO Jeff Bezos about the state of the U.S. economy. The EV industry is just beginning to find its footing, but a widespread economic slowdown in the U.S. and abroad could add to an already turbulent time for high-growth EV companies. As a result, Nio (NYSE: NIO) was down by 9%, Rivian Automotive (NASDAQ: RIVN) fell by as much as 3.4% before bouncing back up by 0.1%, and ChargePoint Holdings (NYSE: CHPT) dropped 3.8% as of 11:49 a.m. ET.
Turning a cold shoulder to news that Plug Power (NASDAQ: PLUG) is expanding its partnership with FreezPak Logistics, investors are clicking the sell button on the fuel cell specialist Wednesday. As of 12:08 p.m. ET, shares of Plug Power were down by 6.2%. FreezPak Logistics has been working with Plug Power since 2014, and the food logistics company seems to be happy with how things have gone, because it's looking to expand the relationship.
Shares of M&T Bank (NYSE: MTB) were trading roughly 12.9% lower as of 12:56 p.m. ET Wednesday after the bank delivered disappointing results for the third quarter. M&T Bank reported diluted earnings per share of $3.53 on total revenue of roughly $2.25 billion — both numbers that missed analysts' consensus estimates. It completed its large acquisition of People's United Bank earlier this year, and is still in the process of integrating it into its operations.
Yahoo Finance Live anchors discuss third-quarter earnings for Generac.
Two such stocks to consider right now are Medtronic (NYSE: MDT) and Alibaba Group Holdings (NYSE: BABA). Medtronic provides investors with a great way to gain exposure to the healthcare industry. The current bear market has created an attractive opportunity for investors today.
Shares of Rumble (NASDAQ: RUM) — a video platform seen as a censorship-proof alternative to YouTube — plunged on Wednesday after the company filed a registration document with the Securities and Exchange Commission (SEC). As of 1 p.m. ET, Rumble stock was down 10%. Rumble officially went public on Sept. 16 when it completed its business combination with a special purpose acquisition company (SPAC).
After two days of strong gains, Wall Street appeared to be taking a breather on Wednesday, with a broad cross-section of stocks losing ground. Investors seemed to ponder the wider economic landscape, looking for signs of what the future might hold. With this as a backdrop, a number of financial technology (fintech) companies traded lower, as Upstart Holdings (NASDAQ: UPST) tumbled as much as 10.3%, Affirm Holdings (NASDAQ: AFRM) slumped as much as 9.4%, and SoFi Technologies (NASDAQ: SOFI) slipped as much as 5%.
Yahoo Finance Live anchors discuss the decline in shares for Olaplex after the hair care retailer slashed its 2022 sales forecast.
Inflation is still near multi-decade highs. Mr. Wonderful is using these stocks to fight back.
Shares of the online car-buying company Carvana (NYSE: CVNA) were crashing today after a Wells Fargo analyst cut the company's price target, just one day after a Wedbush analyst downgraded the stock and cut his price target for its shares. Making matters worse for the company is the fact that Carvana has been facing legal issues in some states in response to how it handled the transfer of car ownership to some of its customers. Yesterday, Wedbush analyst Seth Basham cut his price target for Carvana's stock to $15, down from $50, and downgraded the stock to neutral from outperform.
Some of the changes are significant, and Americans might see higher take-home pay as a result.
Shares of the large custodian bank Northern Trust (NASDAQ: NTRS) had fallen roughly 9.5% as of 12:53 p.m. ET today after the company reported earnings results for the third quarter of the year this morning. "Northern Trust's third-quarter results reflected consistent execution in the face of challenging macroeconomic and market conditions," CEO Michael O'Grady said in an earnings statement. This hurt Northern Trust's largest revenue source, which is trust, investment, and other servicing fees.
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks…
Pullbacks are a time to step into beaten-down quality stocks with true long-term staying power. There's a reason Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is one of the world's most popular holdings, though. Global Stats says Alphabet's search engine Google fields more than 90% of the planet's web searches, while its Android operating system is powering over 70% of the world's mobile devices.
Generac still sees sales growth in 2022 of more than 20%, but that's nearly half of what it once thought.
This morning, analysts at investment bank Craig-Hallum announced a switch in their bets on cancer-screening biopsy companies, downgrading shares of Exact Sciences (NASDAQ: EXAS) from buy to hold — and replacing them with a bet on Guardant Health — initiated at buy. Responding to the news, investors are selling off Exact Sciences stock by 6.5% today, as of 10:45 a.m. But here's the bad news: they're selling Guardant Health too — it's down 5.5%. In twin notes reported by StreetInsider this morning, Craig-Hallum notes that the Guardant ECLIPSE Shield study is nearing a conclusion.
A potential drop-off in COVID-19 testing sales is weighing on the healthcare giant's shares today.
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 14x, you may…
Curious about the electric vehicle space? This is a part of it that has applications in other industries too.
In this article, we discuss 11 best high-dividend stocks under $100. You can skip our detailed discussion of dividend stocks and their returns, and go directly to read 5 Best High-Dividend Stocks Under $100. The current economic situation has completely altered investment trends this year. Investors are flocking to long-term investment strategies, with dividends gaining […]