New York, Dec. 27, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Esports Market By Revenue Source, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06193306/?utm_source=GNW
Esports is available in the form of video games, which are played in leisure time as well as professionally by any traditional sportsperson. There is the growing popularity of esports due to the increasing digitalization across the world and the reduced cost of advanced gaming technologies.
Moreover, Esports has shifted online video gaming towards a spectator sport. In esports events, spectators experience watching a professional gaming event just like any other traditional sports event; however, instead of watching a physical competition, the audience watches video gamers competing with each other through the digital medium.
There is a huge base of participants prevailing in the video game industry, which is more than the combined viewers & participants of the music & entertainment sectors, and this base is constantly growing across the globe. The high popularity of video games like PUBG, Counter-Strike, Call of Duty, and others is estimated to augment the revenue share of the esports market.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has positively impacted the growth of the esports market. The imposition of lockdown and social distancing norms has compelled people to engage with one another through digital as well as virtual platforms and mediums. In addition, digital transformation in the online gaming sector has contributed to the emergence of Esports. However, the deployment of esports was affected by the restricted supply of auxiliary tools like gaming setup, joypad, and console sensors & screens. However, with the relaxations in the lockdown norms and regulations, the growth of the esports market would surge in the coming years.
During the lockdown, people were compelled to follow the stay-at-home orders and could not move outside to play sports on grounds, which has shifted their focus on esports events and thus, augmented the demand for online video games. Several end-users have created online tournaments of famous or popular games, which has fueled the demand for these games in the market.
Market Growth Factors
Rise in popularity of video games due to the influence of technology
The constant technological advancements across the world have compelled people to depend on smartphones, several high-tech gadgets, and the internet. As a large number of people are engaged in playing video games, the vendors have introduced a recurring revenue model in the past few years. In addition, virtual reality products, video game tournaments, and consumer spending on video content are experiencing high growth around the world due to the consistent technological advancement.
The growing number of esports events with huge prize pools
The Esports industry is getting monetized due to the high popularity of these esports events among gamers and spectators. Several universities and colleges are also offering scholarships and even esport courses just like any other traditional sports, which are creating opportunities for the gamers to choose it as a professional career. This would accelerate the growth of the esports market across the globe in the coming years.
Market Restraining Factors
Absence of standardization in the esports market
As the esports industry is still an emerging market, there are several challenges faced by companies as well as gamers. There are many participants and gamers who face difficulties in checking out the authenticity of tournaments. Along with the increasing number of tournaments, the number of scams and fraudulent is also rising, which is creating problems for the authentic and real esports tournament organizers. The absence of standardization of the esports industry also indicates the consistent issues that are faced by the players, tournaments, teams, and their advertising, sponsorships, or contracts.
Revenue Source Outlook
The esports market is divided into media rights, sponsorship, game publisher fee, digital advertisement, and tickets & merchandise. The sponsorship segment is expected to exhibit a promising growth rate during the forecasting period.
The esports market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific emerged as the leading region of the esports market in 2020. It is due to the high usage of esport service across this region and the huge population of the region which consist of a large pool of mobile subscribers for esport companies. In addition, as the region is the biggest contributor of internet subscribers, the popularity and adoption of esports are high in this region.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, NVIDIA Corporation, Nintendo Co., Ltd., Activision Blizzard, Inc., Valve Corporation, Modern Times Group MTG AB, Electronic Arts, Inc., Tencent Holdings Ltd., Gameloft SE (Vivendi), and AT&T, Inc.
Recent Strategies Deployed in Esports Market
Partnerships, Collaborations and Agreements:
Sep-2021: NVIDIA Corporation formed a partnership with Electronic Arts, an American video game company. This partnership aimed to bring hit Games to GeForce NOW cloud gaming service, starting with Battlefield Revolution, Mirror’s Edge Catalyst, Unravel Two, Dragon Age: Inquisition, and Apex Legends.
Sep-2021: Valve formed a partnership with Fallen’s Gaming company. This partnership aimed to produce and distribute official Valve products in Latin America.
Sep-2021: Nintendo U.K. partnered with Digital Schoolhouse and Outright Games. The partnership aimed to expand Nintendo’s esports ecosystem in the country with the latest national tournament focused on primary school students between the ages of eight and 11 with the objective to introduce them to careers like computing, and the blossoming esports scene.
Aug-2021: Gameloft came into a partnership with ESL Gaming, a German esports organizer and production company. This partnership aimed to level up mobile esports-native sponsoring solutions.
Jul-2021: Activision Blizzard came into a partnership with ONE Esports, the esports venture of a sports media company, along with foodpanda Thailand. This deal aimed to continue the build and scale’ Call of Duty’s community in Southeast Asia.
Jul-2021: Intel partnered with the International Olympic Committee. This partnership aimed to host one of the biggest virtual tournaments as a run-up to the Games. The esports event was primarily planned to be held in Katowice, a city of roughly 300,000 people located in Poland, a month before the Olympic Games.
Jul-2021: Tencent Esports partnered with Hong Kong-based luxury hotel group Shangri-La, Canadian coffee chain Tim Hortons, and Swedish furniture retailer IKEA. These partnerships aimed to co-build a new solid economic engine.
Jun-2021: Gameloft formed a partnership with Epik Prime, an NFT platform working with AAA gaming companies and giant entertainment IP and brands. This partnership aimed to launch a racing-themed set of collectibles within the mobile racing title Asphalt 9.
Jun-2020: Activision Blizzard joined hands with Excel, a British esports organization. This collaboration aimed to detect new commercial opportunities in segments that are not customary in esports. In addition, Excel planned to leverage its prevailing sales experience in conventional sports to find brands that are seeking to embrace the crossover between major sports leagues and esports.
May-2021: Nintendo came into a partnership with PlayVS, a leading amateur esports platform in the United States. This partnership aimed to expand its esports efforts by moving into high schools.
Apr-2021: Tencent Sports, Tencent Esports, and EA Sports joined hands with The Premier League, English soccer’s top-flight. This partnership aimed to introduce a new esports series on the FIFA title China. The ePremier League China tournament would deepen the Premier League’s digital portfolios in the country, in which it already has more than eight million followers across its digital and social platforms.
Dec-2020: Gameloft entered into a partnership with AIS, Thailand’s largest mobile operator. This partnership aimed to release Blacknut by Gameloft, a new cloud gaming subscription service.
Aug-2020: Electronic Arts came into a partnership with KLab, a leader in online mobile games. Together, the companies would work on the game development of a new online mobile title.
Aug-2020: Tencent entered into a partnership with Barcelona, the Spanish soccer giant. This partnership aimed to see the La Liga club engage in deep communication with Tencent regarding the esports presence that sees them compete on Konami’s eFootball PES and Psyonix’s Rocket League titles.
Jul-2020: Electronic Arts formed a partnership with Turner Sports’ esports and gaming entertainment brand ELEAGUE and Buzzfeed Multiplayer. This partnership aimed to introduce a first-of-its-kind reality competition series centered on EA’s popular life simulation franchise, The Sims.
Product Launches and Product Expansions:
Oct-2021: NVIDIA unveiled its next-generation cloud gaming platform providing GeForce RTX 3080-class gaming on GeForce NOW. This platform is available exclusively in a new, high-performance membership tier.
Oct-2021: Intel introduced the 12th Gen Intel Core processor family with the launch of six new unlocked desktop processors, the 12th Gen Intel Core i9-12900K. This processor has a max turbo boost of up to 5.2 GHz and as many as 16 cores and 24 threads, this processor has opened many opportunities for multi-threaded performance for enthusiast gamers and professional creators.
Sep-2021: Electronic Arts along with Fédération Internationale de Football Association (FIFA) introduced a new EA SPORTS FIFA 22 esports program. This program is estimated to encourage tens of millions of players and viewers. Additionally, this program has featured both 1v1 and 2v2 competitions, wherein players would represent themselves, worldwide recognized esports organizations, real-world football clubs, and their nation in a wide range of FIFA esports events.
Jan-2020: Activision Blizzard introduced league for Call of Duty, the best-selling first-person-shooter game. This launch would make Activision the biggest operator of professional esports leagues, in which video-game players square off in front of large audiences.
Acquisitions and Mergers:
Nov-2021: Intel completed the acquisition of RemoteMyApp, a Szczecin, Poland-based startup. This acquisition aimed to add RemoteMyApp’s?team to Intel.
Oct-2021: Activision Blizzard took over Digital Legends, a video game developer. This acquisition aimed to add Digital Legends’ team with years of expertise in high-quality mobile titles for mobile composed by veterans and emerging talent would only boost Activision’s increasing mobile talent pool.
Sep-2021: Electronic Arts (EA) acquired Warner Bros. Games’ Playdemic. This acquisition would add an incredible Playdemic team that would strengthen EA’s mobile teams globally. In addition, EA would bring more amazing and innovative mobile games to various audiences across the globe.
Jul-2021: Modern Times Group took over PlaySimple, a rapidly growing and highly profitable games studio. This acquisition aimed to expand and strengthen the company’s position in the casual gaming sector.
Apr-2021: Electronic Arts took over Glu Mobile, an American developer, and publisher of video games. This acquisition aimed to expand EA’s mobile portfolio growth and would improve new experiences in mobile, the largest gaming platform in the world.
Jan-2021: Nintendo took over Next Level Games, a Vancouver-based video game development company. This acquisition aimed to secure the accessibility of Next Level Games development resources for Nintendo that include development expertise, and facilitate an anticipated advancement in development speed & quality by allowing closer communication and exchange of staff with the Nintendo development team.
Sep-2020: NVIDIA Corporation acquired Arm Limited from SBG and the SoftBank Vision Fund. This acquisition aimed to bring together NVIDIA’s AI computing platform with Arm’s vast ecosystem to develop the premier computing company for the age of artificial intelligence, boosting innovation along with expanding into large, and high-growth markets.
Scope of the Study
Market Segments covered in the Report:
By Revenue Source
• Media Rights
• Publisher Fees
• Merchandise & Tickets
• North America
o Rest of North America
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia Pacific
o Saudi Arabia
o South Africa
o Rest of LAMEA
• Intel Corporation
• NVIDIA Corporation
• Nintendo Co., Ltd.
• Activision Blizzard, Inc.
• Valve Corporation
• Modern Times Group MTG AB
• Electronic Arts, Inc.
• Tencent Holdings Ltd.
• Gameloft SE (Vivendi)
• AT&T, Inc.
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Read the full report: https://www.reportlinker.com/p06193306/?utm_source=GNW
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