Global e-Sports Market Projected to Showcase a CAGR of 32% Through 2021: Technavio

Technavio has published a new report on the global E-sports market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--According to the latest market study released by Technavio, the global e-sports market is projected to grow to USD 1,475.49 million by 2021, at a CAGR of more than 32% over the forecast period.

This research report titled ‘Global e-Sports Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

E-Sports is an attempt to make the entertainment value obtained through video games a global phenomenon, where people can enjoy games by competing against the best in the world. The increasing penetration of mobile games such as Clash Royale is one of the key factors driving the rising adoption of e-sports.

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Based on the genre, the report categorizes the global e-sports market into the following segments:

  • Multiplayer online battle arena (MOBA) games
  • First-person shooter (FPS) games
  • Real-time strategy (RTS) games
  • Others

The top three revenue-generating genre segments in the global e-sports market are discussed below:

Multiplayer online battle arena (MOBA) games

Multiplayer online battle arena is the leading segment of the e-sports market, holding more than 67% of the overall shares. DOTA2 and League of Legends are the highest revenue generators for the market segment,” says Ujjwal Doshi, a lead analyst at Technavio for gaming research.

The constantly increasing number of players creates a steady revenue through sponsorships and advertising. One of the major factors contributing to the rapid growth of MOBA gaming is its team play element, which promotes group cohesion between the team members. All team members are important, and no weak link can escape being exploited by their adversaries.

First-person shooter (FPS) games

First-person shooter games dominated the e-sports market until 2012, after which MOBA games established market dominance. The intriguing gameplay of FPS games is appealing to a large number of gamers, thereby driving the popularity of the market segment. The gamer moves through the game from the first-person’s point of view, allowing them to experience an alternate personality from his real life. The appeal of first-person gaming is not likely to decline anytime soon, ensuring constant revenue generation from these FPS games.

Real-time strategy (RTS) games

Real-time strategy games are one of the oldest gaming segments of the global e-sports market. A unique factor about the genre that still attracts gamers is that the gameplay is not completely dependent on skill, hand-eye coordination, or speed,” says Ujjwal.

The gameplay of RTS games is more dependent on strategy, where the optimal usage of available resources is crucial to a gamer’s survival, irrespective of the skill level. There is always a player who is of the similar gameplay level, but the differentiating factor will depend on how the gamer has strategized the setup against his opponents.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Activision Blizzard
  • Epic Games
  • Nintendo
  • Riot Games
  • Valve
  • Wargaming.net

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global e-sports market is projected to grow to USD 1,475.49 million by 2021, at a CAGR of more than 32% over the forecast period.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com