New research shows that the global esports audience has been growing over the last few years and shows no signs of slowing down in 2021. According to Newzoo, the global esports audience is expected to reach 474 million viewers this year.
The research also shows that the global esports audience will continue to grow at a rate of 7.7% annually. The industry will surpass half a billion viewers by 2022 and will reach 577.2 million people by 2024.
Despite this viewership growth, for the first time in several years, the global gaming market is expected to shrink in 2021. According to a Newzoo report, the global gaming market is still expected to reach a value of over $200 billion by 2023. However, Newzoo is saying that 2021 will be the first time the global gaming market will shrink since the organization began following industry trends in 2012.
(All information was provided by PR Newswire and Venture Beat)
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