Rapid Growth in eSports Market
According to eSports analytics company Newzoo, global eSports revenue will surpass $1 billion in 2021, on the back of a year where in-person eSports events were brought to a halt. Some analysts predict this market to reach the $2.5 billion by 2025 driven by high investments, revenue source evolution & increasing viewership.2 Globally, Newzoo estimated that nearly half a billion viewers consumed eSports in 2020, a nearly 12% growth from the year before.3