Esports is a fast-growing global industry. This year alone, 380 million people are expected to tune into the sport. Franchises have sprung up all over the world and players are beginning their careers earlier than ever. The game has even reached a point where players can make millions of dollars.
380 million people worldwide will watch esports
Esports has been gaining popularity across the globe as a way to compete against other players in computer games. According to estimates, 380 million people worldwide will watch eSports this year. Those numbers include 165 million “eSports enthusiasts,” or those who regularly watch the competition. The majority of these viewers live in North America and China. Many eSports events are watched by crowds that rival those for traditional professional sports.
Marketers are taking notice of this fast-growing market, and they are already partnering with esports teams to gain exposure. Moreover, nearly half of esports fans have household incomes over $75,000, making them potential customers. And because the audience is so large and diverse, esports is a great opportunity for marketers to promote their products and services.
esports is a booming global industry
With more people interested in competitive games, the esports industry is booming worldwide. The number of leagues and players is growing every day, and more major sports leagues are investing in the industry. Additionally, esports has become a more organized and structured industry. This growth has led to new competitive structures and increased investment from commercial partners.
The industry has experienced a few setbacks, but overall esports has seen a resurgence of growth since the last esports valuation in 2016. While there were some problems with the COVID-19 virus, esports has managed to recover, and the number of spectators is growing again. In addition, the increased exposure of esports has led to a higher fan base and increased revenues.
esports teams are increasingly franchised
While esports teams are typically self-owned and operated, franchised teams offer a variety of advantages. They are more stable, can plan for the future, and can enjoy additional benefits such as sponsorships and merchandising opportunities. In addition, franchised teams offer teams the same type of structure that traditional professional sports teams enjoy.
Franchised teams can also benefit from revenue sharing and media rights deals. This can lead to increased exposure and increased profitability. For example, the Overwatch League has franchised teams in the Overwatch League, Call of Duty League, and League of Legends’ European series. Those teams have experienced revenue-sharing deals with Coca-Cola, Twich, and ABC/ESPN, and are already attracting blue-chip sponsors regularly. Franchised teams can expect to be profitable within three to five years.
esports players start their careers earlier than traditional athletes
Esports players often start their career earlier than traditional athletes due to several reasons. These factors include their social support, competitive nature, and skill development. These factors may help them cope with the ongoing struggles of the competitive world of esports. However, esport players’ intrinsic motivations may also play a role in how they perceive the demands of the profession.
Professional esports players compete against the best teams in the world. Those who succeed can build a fan base and earn millions of dollars. Many of the top players begin their careers as young as 16 or 17 years old. In contrast, traditional professional athletes typically retire at age 24. Despite the fact that esports players start their careers earlier, they still have to work hard to be competitive in their chosen field.
esports has a positive impact on learning
Esports are competitive video games that develop teamwork and problem-solving skills in learners. They also promote collaboration, critical thinking, and creativity. Furthermore, the competitive element of esports teaches students how to cope with disappointment and celebrate success in a respectful manner.
Esports also help students counter the feelings of loneliness and isolation. Some students even see the sport as a ‘thing’ and feel more connected to other players.
