July 26th, 2021
Throughout 2020, eSports stocks soared with traditional sporting events taking a downward plunge due to COVID-19.
And going into 2021, things are looking to grow to even greater heights.
People across the world are still working remotely and attending online school, which gives the eSports industry a unique edge.
According to Newzoo, the world’s most trusted and quoted source for eSports analytics and insights, the global gaming industry’s revenues were forecast to be worth $159 billion by the end of 2020.
But the pandemic isn’t the only factor in eSports’ massive success.
Newzoo also announced that streaming revenue is set to reach $31.6 million by 2023.
That’s a 73.6% increase projected in streaming revenue compared with 2020’s $18.2 million.
So even after the pandemic ends, this trend of increasing revenue for eSports and large gains for investors isn’t slowing down anytime soon.
This is simply because the eSports market is extremely adaptable.
Companies are even making the eSports experience more inclusive.
In fact, 22% of the internet population participates in eSports, with 39% of that audience being between the ages of 25–34.
This is the consumer age group.
So… what’s stopping you from joining them?
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