Esports: A Rapidly Growing Industry in 2021

The Esport industry has undoubtedly seen massive growth in 2021. According to industry experts, the value of the Esports industry is more than $1 Billion which is 50% more than what it was back in 2020. This is a clear indication of the rapid growth this Esports industry is currently seeing. There are various factors that have contributed to the fast growth of this industry which we will look at in this article. 

Esports has not seen exceptional growth in just one country but throughout the world. If you take a look at the last analyzed esports growth numbers you can see that China has the world’s largest esports and gaming community. The Chinese esports market is expected to be worth $360.1 million which is $100 million higher than the second large market which is the USA. The third-largest esports market is Western Europe which in 2024 will be worth $205.8 million. The tournaments that take place for games like DOTA2, Counter-Strike, Fortnite, and many more include billions of dollars as winning prizes. This has attracted many people to Esports, this is also one of the reasons we are seeing a surge in Esport betting guides as well. Betting companies know that the Esports industry is lucrative and want people to bet their money. 

Is the Pandemic a reason for the rapid growth of the Esports Industry? 

There is no doubt that the Esports industry had a steady growth pre-pandemic but when the pandemic hit the world, there was a sudden growth in esports viewership. The estimated number of fans of Esports pre-pandemic was 170million but post-pandemic it grew to 250million. 

Pandemic has certainly played a major role in the growth of the Esports industry though it has also negatively affected the public events of the Esports industry. Because many people were stuck at home, they took to live streaming and spent a lot of time there increasing viewership there. It gave them a chance to expand into territories never been to before. 

There is an increase in awareness of Esports 

This is also another factor contributing to the rapid growth of this industry. There is a steady increase in awareness about Esports since the year 2015 which has lured many people into teh world of Esports, be it a casual viewer or an enthusiast. The global Esports awareness is estimated to be over 2 Billion and will only keep growing in the future. 

This growth is not just driving viewership, it is also attracting a lot of brands to it. It has become a serious business for many. There are big names that are marketing and investing in Esports. Brands are using Esports as a channel for promotions and reaching a different target audience in an engaging way. 

Games are highly accessible and inclusive 

The games that people play on the Esports platform are now highly accessible for many people. You can play it on multiple platforms like a phone, computer, or console. Esports are more accessible than traditional sports and don’t require gruesome training. Players can choose to play at any time and anywhere. 

Many people who enjoy Esports are the ones who have less time and motivation to engage in traditional sports. Players also don’t need to be physically fit or require a large space to engage in Esports. There are no restrictions on who can play, which makes Esports inclusive as well. People who like to watch Esports also don’t need a lot of things, only a streaming platform and a good internet connection are needed which makes it popular. 

Final Words 

There is significant growth in the Esports industry in 2021 due to the factors mentioned earlier and it is true that there is only upward growth in the future as well. It may have slowed down a bit thanks to the restrictions implemented on public Esports events and other events but it will pick up in the coming future. There are plenty of opportunities for everyone that you can try out in this huge wave of Esports growth and success.