The eSports market has become massive.
Not only could the industry exceed $1 billion in revenue this year, it could see $1.8 billion by 2022, according to analysts at Newzoo.
Goldman Sachs, however, believes the market could be worth $2.96 billion by then. By 2024, Grand View Research says the industry could be worth $6.82 billion, adding, “The market is expected to grow on account of the increasing popularity of video games, rising awareness regarding Esports, and increasing mobile usage in emerging countries.” Coupled with Newzoo’s expectations that two billion people could be aware of eSports this year, the industry could be set for monumental growth moving forward.
That’s big news for companies such as ESE Entertainment Inc. (TSXV:ESE)(OTC:ENTEF), Cyfrowy Polsat SA (OTC:CYFMF)(WSE:PCS), ESports Entertainment Group Inc. (NASDAQ:GMBL), Allied ESports Entertainment Inc. (NASDAQ:AESE), and Gamesquare Esports Inc. (CSE:GSQ)(OTC:GMSQF).