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Esports: An Emerging Industry

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Esports, also known as electronic sports, competitive gaming, online gaming, or pro gaming is a form of video games. According to the revenue estimated, Esports nearly generated 696 million US dollars in 2017 which nearly doubled since 2015. At current rate, 40% of growth is recorded yearly and revenue is expected to grow 1.49 billion US dollars by 2020. Every sport attracts sponsorships, esports also cater vast amount of budget, nearly 80 % of the revenue gets generated through sponsors. Other than sponsorships, it generates revenue through betting, merchandise and tickets. eSports became famous in North America, Asia and Europe compared to other continents.

Asian market contributes the most followed by North American and Europe.

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