The growth of trends-2022-forex-trading-insight/” title=”Poker Industry Trends 2022: Forex Trading Insight”>cryptocurrencies in the world has reached a new level in recent years, causing the eSports 2021/” title=”Predictions for the eSports Betting Market in 2021″>betting market to emerge as a potential lucrative opportunity for investors. As the world of eSports continues to grow, the betting market can be expected to see a significant increase in opportunities. This article will look into the latest forecasts for the eSports betting market in 2021 and offer an in-depth analysis of where the industry is headed this year. We’ll discuss the current trends in the market, potential opportunities for investors, and the expected growth of the betting market over the next few years.
Comparative Industry Analysis of the eSports Betting Market Forecast for 2021
In 2014, a new industry, eSports, was born. It’s become one of the most dynamic leisure activities worldwide, with viewers and participants from all continents. It has given rise to a new economic activity model, which currently supports many emerging start-ups. It is expected that in 2021 the eSports betting market will have become a key player in the sports entertainment economy. There is a growing interest in understanding the eSports industry trends and the potential of its betting markets. This article provides a comparative analysis of available industry reports on the eSports betting market forecast for 2021, to provide readers with an up-to-date assessment.
Background of eSports Betting Market Forecast 2021
To understand the Esports betting market for 2021, we must first explore the roots of the industry. In 2014, when the eSports industry was born, it quickly gained a loyal fan base and attracted the attention of the world’s top gaming companies. As more people became involved in the activities, it didn’t take long for fantasy sports leagues to boom. This new subset of e-sports became serious business and competitive events were created, with leagues such as the ESL and Dreamhack giving players the opportunity to compete and win prizes. This in turn attracted betting on eSports. In 2021, the industry is expected to reach a total annual market size of $11 Billion, which is 11X more than it was in 2014.
Projected Growth for the eSports Betting Market
Several reports concluded that the eSports Betting Market is in the midst of a strong growth stage; for 2021 the market is projected to grow to seven times its present size. This was concluded after reviewing reports from top gaming companies such as Tencent and Valve. Revenue from media rights and sponsorships is expected to reach $4.6 billion in 2021, with the total eSports betting market estimated to hit $11 billion. It is projected that the segment will grow to include 54 million viewers worldwide in 2021.
The eSports betting market is on track to reach a total size of $11 billion by 2021. The success of the industry’s growth thus far is due to the adoption of fantasy sports leagues and the creation of competitive game events. eSports now has 54 million viewers from all over the world and revenue from media rights and sponsorships is expected to reach $4.6 billion. The industry is projected to be one of the most dynamic leisure activities in 2021, and its growth is likely to continue in the coming years.