Jun 12, 2020 (Stock Market Press via COMTEX) -- Mobile gaming is driving more gamers and fans 'to pour in' to the quick-growing eSports global market. Currently, North America is the leading market for eSports, with Europe and Asia Pacific among the top three eSports markets worldwide. China is projected to be the second biggest eSports market to the U.S. and is seen as soon overtaking South Korea in eSports. Latin America is also growing fast as mobile phones ownership grows exponentially.
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/composite BTHR +6.91% , ETFMG Video Game Tech ETF /zigman2/quotes/204851829/composite GAMR +1.14% , Activision Blizzard /zigman2/quotes/200717283/composite ATVI -0.51% , Tencent Holdings /zigman2/quotes/207908563/composite TCEHY -3.94% , Take-Two Interactive /zigman2/quotes/204008930/composite TTWO +1.89% , Electronic Arts /zigman2/quotes/206954087/composite EA +1.34% , Huya /zigman2/quotes/204095537/composite HUYA -3.93% , Comcast /zigman2/quotes/209472081/composite CMCSA +0.12% and AT&T /zigman2/quotes/203165245/composite T -0.89% .
Mobile Gaming Will Drive More Gamers And Fans 'To Pour In' To Fast-Growing Global eSports Market, With China Gaining Share Vs. U.S. and Europe
According to the report, "ESports Ecosystem" by research firm Business Insider Intelligence, the total eSports market will surpass $1.5 billion by 2023. But within that total growth, the report detects shifts in share by region. Currently, North America and the U.S. shares top three regional status with Europe and Asia-Pacific (APAC). But the report sees eSports in China growing quickly, surpassing South Korea, and at the current rate of growth to become 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.
'The future of eSports will likely be powered by mobile, which will further reduce barriers to entry and allow even more gamers and fans to pour in," the "ESports Ecosystem" report stated. China is scheduled to host the Asian Games in 2022 and eSports is expected to be an official medal event, site China Briefing reported. The Business Insider Intelligence report on eSports finds that Latin America is one of the fastest-growing regions worldwide. It is expected to reach $42 million ini eSports revenue by 2023. Driving the global growth is mobile gaming -- accounting for 45% of the eSports market today. Mobile Gaming Will Drive More Gamers And Fans 'To Pour In' To Fast-Growing Global eSports Market, With China Gaining Share Vs. U.S. and Europe.
Sports Venues of Florida, Inc;s /zigman2/quotes/208478291/composite BTHR +6.91% subsidiary, Shadow Gaming Competes In eSports Market, Operates Tournaments
Sports Venues of Florida, Inc;s /zigman2/quotes/208478291/composite BTHR +6.91% subsidiary, Shadow Gaming, is competing and managing tournaments in this growing high profile market. eSports is attracting a growing number of sponsors, advertisers, investors and viewers. BTHR is an emerging leader of the youth sports, family sports entertainment and eSports market. It has set a June 21 date for its free-to-play Minion Masters 'Summer of PUG' Tournament. Earlier it successfully operated the Sandstorm Open which included teams from the U.S. and Europe. 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 .
The eSports Market Is Attracting Advertising, Sponsorships And Investments By Venture Capitalists And Private Equity Firms Who Are Putting $4.5 Billion Into Market
Research firm Business Insider Intelligence projects eSports as a market will reach greater than $1.5 billion by 2023. This report projects eSports has become a global entertainment ecosystem with an exponential expanding growth in viewership: almost doubling to 646 million by 2023. That reflects a 9% CAGR growth from 2019-2023. Mobile Gaming Will Drive More Gamers And Fans 'To Pour In' To Fast-Growing Global eSports Market, With China Gaining Share Vs. U.S. and Europe.
Deloitte reported that investments in eSports will reach $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.
Sports Venues Of Florida, Inc. /zigman2/quotes/208478291/composite BTHR +6.91% Subsidiary, Shadow Gaming, Is Competing In An eSports Market On Track To Exceed $1.5 Billion By 2023: Research
A prominent growing player in the eSports market, Shadow Marking recently sponsored a three weekend Insurgency: Sandstorm Tournament. It also announced its free-to-play Minion Masters 'Summer of PUG' Tournament set to air on June 21. More details will be released the date of the event approaches. For more information, potential competitors can join the Shadow Gaming Discord .
60% Growth In Shadow Gaming Twitch From The Previous Event
After the tournament, Sports Venues of Florida, Inc. /zigman2/quotes/208478291/composite BTHR +6.91% announced that it had raised its profile with the number of followers of Shadow Gaming Twitch had grown 60% from the previous event, reflecting its double digital growth and success. Entrants into the Sandstorm Tournament Open praised Shadow Gaming and said they were looking forward to the next Sandstorm tournaments in the future. eSports Growing Globally With North America, Europe and Asia-Pacific Regions Topping Revenue With Global Growth In Mobile Gaming A Key Factor
BTHR Is An Emerging Development Company In The Youth Sports, Family Sports Entertainment And eSports Markets.