Esports has been on a global rise over the last year. Over 125 colleges have active varsity esports programs. Esports viewership is also on the rise as Twitch reported an 83% increase in stream viewership during 2020. Esports has quickly become one of the most exciting and explosive industries in the world.
Newsweek recently highlighted the gaming industry’s growth. “A look at the world of esports today might surprise and comfort those bemused parents. Far from just video games, esports has turned into a more lucrative endeavor,” wrote Griffin Johnson. “From investors and technology companies to kids who kicked off their love of games in their parents’ basements before rising to the big leagues, the direction of the esports industry is clear. It’s on the rise, and it can be a moneymaker for everyone who has the vision to step up and get involved.”
According to Mordor Intelligence, the global gaming market was valued at $162.32 billion in 2020. That number is expected to go up to almost $296 billion by 2026.
The Profit‘s Take:
Gaming will be the biggest industry on the planet in 20 years, and the largest wealth creator over that same time period. Listening to the profit of esports is guaranteed to make you money.