eSports has gained huge popularity in recent years and has a lot to offer to fans. For one, the industry has a digital platform that can help generate a global fan base. For another, esports allows for teams to compete for prizes and sponsorship money. For a third, esports offers an opportunity for players to develop teamwork and communication skills. For fourth, esports can help players develop empathy and social skills through playing games.
Esports is a competitive gaming industry, and it’s just as popular as baseball or ice hockey among American male millennials. It’s also growing in popularity worldwide, with 380 million people around the world watching esports events. In fact, the industry is expected to grow to $700 million by 2017.
While esports has been growing in popularity, it’s still quite a bit smaller than the general gaming industry. Most esports tournaments are team-based, and some matches are global while others are regional. Depending on the game, a match could last anywhere from two hours to six or seven hours. In some cases, one-on-one head-to-head matches are played.
The industry has become very lucrative and sponsors make up a major part of its overall revenues. The top echelon players earn up to $15K for a single competition. In addition to sponsorship, esports teams have to support players with other perks such as health insurance and retirement plans.
Unlike most sports, esports isn’t limited to the physical, which means it’s an ideal activity for students who may not have access to traditional athletics or have health concerns. In fact, studies have shown that students who participate in extracurricular activities have higher academic performance. In addition, esports can improve school spirit and develop strong friendships.
Most games have a competitive structure, which means that participants train and practice every day to win. In addition, esports tournaments are organized in leagues, which are similar to professional sports leagues. The winners of each league play in a final event that is a giant scale version of the traditional sporting event.
The professional gaming industry is growing and has reached unprecedented levels. The competition for professional gamers is getting tougher and stronger. The average professional esports player starts their career around age 16 or 17. Those who are the best at a certain game can become pro players and earn millions of dollars. However, esports is a sport and requires physical fitness, lightning-fast reactions, and lots of practice. It can be stressful, but the rewards are incredible.
The industry is expected to reach $1 billion in revenues by 2021. According to a Superdata report, the global eSports economy is projected to grow by 35.6% in CAGR over the next five years. In addition, publishers own the intellectual property for some esports games. With the popularity of esports, publishers have been more relaxed about the restrictions on sharing gameplay.
Esports has a growing global presence, with popular esports venues in places such as London Wembley Arena and Seattle KeyArena. Many of the largest esports events are attended by hundreds of thousands of fans, and the largest tournaments are watched by millions.
