Jun 16, 2020 (Stock Market Press via COMTEX) -- China is gaining in share of the eSports market, largely driven by mobile gaming, in the quick-growing eSports global market. North America may be the leading region for eSports today, with Europe and Asia Pacific among the top three eSports markets worldwide. But China is seen growing to be the second biggest eSports market worldwide behind only the U.S. China is projected to overtake South Korea in eSports. Latin America is also growing exponentially in eSports as mobile phones ownership jumps. By 2023, research from Business Insider Intelligence projects, eSports will be a $1.5 billion market worldwide.
Media companies such as Stock Market Press are reporting on the fast growing eSports market . It keeps readers up to date on company stocks such as Sports Venues of Florida, Inc. /zigman2/quotes/208478291/delayed BTHR -8.19% , ETFMG Video Game Tech ETF /zigman2/quotes/204851829/composite GAMR +1.73% , Activision Blizzard /zigman2/quotes/200717283/composite ATVI -0.07% , Tencent Holdings /zigman2/quotes/207908563/delayed TCEHY +3.64% , Take-Two Interactive /zigman2/quotes/204008930/composite TTWO +2.61% , Electronic Arts /zigman2/quotes/206954087/composite EA -0.37% , Huya /zigman2/quotes/204095537/composite HUYA +4.01% , Comcast /zigman2/quotes/209472081/composite CMCSA +2.25% and AT&T /zigman2/quotes/203165245/composite T +0.09% .
China Is Growing Fast In eSports Market, With Mobile Gaming Driving Increase In Booming Popularity; Sports Venues Of Florida (BTHR) Competes In Projected $1.5 Billion Market
Mobile phone growth globally is a key factor in the quick increase in eSports worldwide. According to the report, "ESports Ecosystem" by research firm Business Insider Intelligence, the total eSports market will surpass $1.5 billion by 2023. As the total market grows, regional share will shift, the research projects. While North America and the U.S. shares top three regional status with Europe and Asia-Pacific (APAC) now, eSports in China is growing quickly and seen surpassing South Korea. In fact, China is seen growing to a position second only to the U.S. in the future, according to site China Briefing .The Chines government now recognizes eSports players as professionals. It sees eSports growing at a compound annual rate of 21% through 2023.
China is scheduled to host the Asian Games in 2022 and eSports is expected to be designated an official medal event, site China Briefing reported. The Business Insider Intelligence report on eSports finds that in addition to China's growth, Latin America is seen as one of the fastest-growing regions worldwide. It is expected to reach $42 million in eSports revenue by 2023. Driving the global growth is also mobile gaming -- accounting for 45% of the eSports market today. China Is Growing Fast In eSports Market, With Mobile Gaming Driving Increase In Booming Popularity; Sports Venues Of Florida (BTHR) Competes In Projected $1.5 Billion Market.
Sports Venues of Florida, Inc;s /zigman2/quotes/208478291/delayed BTHR -8.19% subsidiary, Shadow Gaming, Sets June 21 For Its Minion Masters 'Summer Of PUG" Tournament
Sports Venues of Florida, Inc;s /zigman2/quotes/208478291/delayed BTHR -8.19% is an emerging leader of the youth sports, family sports entertainment and eSports market. Its wholly owned subsidiary, Shadow Gaming, has set a June 21 date for its free-to-play Minion Masters 'Summer of PUG' Tournament. More details on the 'PUG' tournament will be released as the date of the event approaches. For more information, potential competitors can join the Shadow Gaming Discord . China Is Growing Fast In eSports Market, With Mobile Gaming Driving Increase In Booming Popularity; Sports Venues Of Florida (BTHR) Competes In Projected $1.5 Billion Market.
The eSports Market Is Attracting Advertising, Sponsorships And Investments By Venture Capitalists And Private Equity Firms Who Are Investing $4.5 Billion
Deloitte estimated that investments in eSports reached $4.5 billion in 2018, reflecting dynamic 837% YOY growth. These investments account for the dollars distributed to players, tournament operators and digital broadcasters in eSports, Deloitte said. Investors include private equity firms and venture capitalists. China Is Growing Fast In eSports Market, With Mobile Gaming Driving Increase In Booming Popularity; Sports Venues Of Florida (BTHR) Competes In Projected $1.5 Billion Market.
BTHR Is An Emerging Development Company In The Youth Sports, Family Sports Entertainment And eSports Markets.
Sports Venues of Florida, Inc. /zigman2/quotes/208478291/delayed BTHR -8.19% is an emerging development company in the youth sports, family sports entertainment and eSports markets. Its wholly owned subsidiary is Shadow Gaming, Inc. The company through its subsidiary has aggressively entered the eSports market. The company plans on developing a number of subsidiary companies demo high tech data management businesses to product and support businesses.
Source: Stock Market Press
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