Stratview Research recently released a report that showed the global esports market was worth roughly $2.2 billion last year. Additionally, this research revealed that the sector will grow to $9.1 billion by 2028, registering a compound annual growth rate (CAGR) of 22.5% over the next six years.
This report breaks up the esports market into sponsorships, advertising, merchandising & tickets, publishing fees, and media rights. Based on this breakdown, the sponsorship market made up over 38% of the industry last year.
Moreover, the study divided up the market by region. North America held the largest market share in 2021 at roughly 35%.
“The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors,” the research reads. “Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.”