Esports, or electronic sports, has been growing in popularity at an astonishing rate in recent years. In 2020, the global esports market was valued at over $1 billion, and is projected to reach $1.6 billion by 2024. While traditional sports like football, basketball, and baseball have dominated the sports world for decades, many experts believe that esports will become even bigger than real sports by 2030. In this article, we’ll explore some of the factors that could make this prediction a reality.
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Esports is growing
Firstly, the audience for esports is growing rapidly. According to a report by Newzoo, there were over 450 million esports viewers worldwide in 2019, with that number projected to increase to 646 million by 2023. This means that esports has a larger potential audience than traditional sports, which are often limited by geographical boundaries. Esports competitions can be viewed online from anywhere in the world, making them accessible to a truly global audience.
Another factor contributing to the growth of esports is the rise of mobile gaming. With the increasing popularity of smartphones and tablets, mobile gaming has become more accessible and convenient than ever before. This has led to the creation of mobile esports competitions, which are often more accessible to casual players and can reach a wider audience. Mobile esports has also proven to be more popular in countries with lower levels of console and PC ownership, which means that there is still significant untapped potential for growth in the
Interest in increasing with the younger generation
In addition, the accessibility and affordability of esports make it more appealing to younger generations. Many young people today are growing up in a world where technology plays a central role in their daily lives, and as a result, they are more likely to be interested in esports than traditional sports. Esports can also be played from home, which means that players don’t need to invest in expensive equipment or travel to competitions. This makes esports a more accessible option for those who may not have the means to participate in traditional sports.
Gaming as a whole is growing
The potential for esports to become bigger than real sports is also supported by the growth of the gaming industry as a whole. The video game industry is expected to generate over $200 billion in revenue by 2023, which is more than double the revenue generated by the film industry. As the gaming industry continues to grow, so too will the popularity of esports. This growth has also led to increased investment in esports, with companies like Amazon, Google, and Tencent all investing heavily in the industry.
Influence of the Pandemic
Finally, the COVID-19 pandemic has accelerated the growth of esports. With traditional sports events cancelled or postponed, many people turned to esports as a way to fill the void. This has led to increased exposure for esports and a growing fan base. Even as traditional sports events begin to return, many people are likely to continue following esports as a complement or alternative to traditional sports.
All these factors add up in Esports
In conclusion, there are many factors that could contribute to the growth of esports and make it bigger than traditional sports by 2030. These include the growing audience for esports, the rise of mobile gaming, the accessibility and affordability of esports, the growth of the gaming industry, and the impact of the COVID-19 pandemic. As esports continues to evolve and attract new fans, it’s clear that the industry has the potential to become a major player in the sports world.