Global esports market will exceed $1 billion in 2019

North America, China to continue to represent the majority of esports revenue, though global awareness remains on the rise

With more events, more investment, more games, and more awareness, it should come as no surprise that the global esports industry is anticipated to continue to grow in the coming year according to predictions from leading analysts at Newzoo.

In its 2019 Global Esports Market Report, Newzoo predicts global esports revenues to rise to $1.1 billion in 2019, bringing revenue over $1 billion for the first time ever with a revenue increase of 26.7% year-over-year. North America will account for $409.1 million of that amount, and China will represent $210.3 million.

Looking further ahead, Newzoo predicts global esports revenues to reach $1.8 billion by 2022 in its base scenario, with the most optimistic scenario generating $3.2 billion and the most pessimistic $1.3 billion.

Image Credit: Newzoo

In addition, Newzoo predicts that in the coming year, $897.2 million of global esports revenue (82% of the market) will come from brand investments such as media rights, advertising, and sponsorships. Sponsorships alone are the highest grossing revenue stream for esports and are estimated to bring in $456.7 million in 2019. In addition, merchandise and tickets are expected to exceed the revenue of publisher fees for the first time.

Newzoo anticipates overall brand investment revenue will increase to $1.5 billion by 2022, making up 87% of the total market revenue.

Administrator

Recent Posts

Wallet Codes 1st Anniversary: A Year of Achievements, Challenges, and Milestones

December 8, 2021, the day Wallet Codes officially completed its incorporation as a separate and…

2 years ago

Wallet Codes Philippines Launches Mobile Legends Diamond and Skin Giveaway Special for Loyal Fans

MANILA August 22, 2022: Wallet Codes, a digital store for gaming vouchers and digital gift…

2 years ago

How to Redeem VALORANT Points

Step 1: Confirm your Riot account’s region. Step 2: Go to wallet-codes.com to buy VALORANT…

2 years ago

Wallet Codes Secures Invitation to the 500 Global Accelerator Taiwan with TTA 2022

Besides joining a community of next-generation tech start-ups in Taiwan and beyond in this eight-week…

2 years ago

Wallet Codes: One-Stop Portal for Gamers, Seeking A US$ 2.04 Million Investment from VC Investors

JAKARTA: Although the past two years have been challenging for businesses across the globe, with…

2 years ago

Turn Up the Heat: Free MLBB Diamonds for the Summer!

Hot summer, hotter deals.  Only on Wallet Codes Taiwan.    TAIPEI: Wallet Codes Taiwan brings…

2 years ago