According to a recently published article by Allied Analytics, the global esports market will generate $4.75 billion by 2030. Since the sector generated less than a billion dollars in 2020, the market is expected to register a compound annual growth rate (CAGR) of 17.5% from 2021 to 2030.
The APAC region held the highest market share in 2020 followed by North America. These two regions reportedly made up about 40% of the global esports market. Meanwhile, the APAC region is expected to experience the fastest CAGR during this forecast period (19.5%).
The platform sector made up almost 66% of the global market. Moreover, it is expected to continue to lead the industry during this forecast period. However, the services portion of the industry will also grow immensely, registering a CAGR of 18.6% from 2021 to 2030.
(All information was provided by Digital Journal)