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Why Investors Should Be Looking at the eSports Industry
- eSports audience size is also increasing, as more and more fans tune in to watch amateur and professional gamers compete. The fanbase has already grown massive, with an estimated 25.7 million eSports viewers in the US alone last year.
- By 2022, analysts expect there to be nearly 300 million frequent viewers of eSports around the world, while 347 million people are forecast to be occasional viewers.
Video games aren’t just for teenagers anymore. In fact, the electronic sports (eSports) industry has grown substantially in recent years, bringing in $865 million USD worldwide in 2018, and is expected to surpass $1.48 billion USD in revenue by 2020, representing a CAGR of 32%.
The eSports audience size is also increasing, as more and more fans tune in to watch amateur and professional gamers compete. The fanbase has already grown massive, with an estimated 25.7 million eSports viewers in the US alone last year. By 2022, analysts expect there to be nearly 300 million frequent viewers of eSports around the world, while 347 million people are forecast to be occasional viewers.
Investors looking for the next big thing after the cannabis and cryptocurrency booms should definitely consider investing in companies that are involved in the burgeoning eSports industry. From eSports game developers and publishers to digital media platforms and eSports tournaments, there are ample opportunities to cash in on the growing eSports industry.
Investing in the eSports Industry
eSports involve multiplayer video games that are played competitively by both professional and amateur gamers for spectators. These can be first-person shooter games (FPS), real-time strategy (RTS) games, multiplayer online battle arena (MOBA) games, sports games, card games, strategy games, or fighting games.
Although the eSports industry is dominated by well-known game publishers like Tencent Holdings Ltd. (OTCPK:TCTZF) and Sony (NYSE:SNE), there are a few up-and-comers offering promising products to the market.
Source: https://microsmallcap.com/investors-esports-industry/
Tags: CSE, EA sports, egaming, esports, Fortnite, LOL, stocks, tsx, tsx-v