The esports industry is growing in popularity. You’ll find many esports games today, alongside many tournaments and leagues to watch online.
The eSports World Is Growing Fast
People have been paying attention to the ongoing esports evolution as of late. While video game competitions have been taking place in many forms for the past fifty years, it is only as of late that esports has become more valuable.
You’ll find many esports tournaments and events taking place throughout the world. The odds are you might see esports events in your neck of the woods. It’s impressive to see how the industry is changing – similar to the beard of Messi.
A Great Audience
While many traditional sports leagues have been struggling with dwindling television ratings and in-game attendance totals, esports events have become popular. Part of this comes from how more people are familiar with esports than in the past. People are finding esports personalities to be easier to appreciate, not to mention they find them to be intelligent.
Newzoo says in its 2018 esports market report that there are at least 200 million people around the world who have an interest in esports. Much of this comes from how games are more accessible to players, while the tournaments are available on television and streaming platforms. Newzoo also says that people watch at least four billion hours of esports action on the Twitch streaming platform each year. People can catch these events in various parts of the world from North America to Africa to Asia.
What Are Esports Players Earning?
The esports world has become big business, as many corporations are aiming to sponsor competitions and leagues. Television and streaming broadcast rights deals are also helping esports players land more money. You’ll even see many teams with sponsor names and emblems on their uniforms.
The Street estimates in a 2020 report that the best esports players can earn from $3,000 to $5,000 in a month. The salaries are higher in places like the United States and China.
These esports players often compete with teams that can earn immense amounts of money in tournaments. These include totals of $100,000 or more for winning such events. The Dota 2 International tournament is the most valuable, as it offers a $10 million payout to the winner.
What About the Streamers?
People who stream esports games on Twitch may make lots of money. Best Wallet Hacks says that professional streamers often get their money from advertisers who want to promote products on their streaming channels. Some streamers can also get sponsorships from companies and donations from individuals.
A streamer can earn from one cent to one dollar for every viewer each hour. Those who are visible tend to get the most money. It takes effort for a streamer to become visible and intriguing enough for people to want to watch.
What Are the Top Games?
The variety of esports games out there today makes the field all the more inviting. GamesRadar says that some of the top esports games today include League of Legends, Dota 2, Fortnite, Overwatch, and Apex Legends.
People have also become interested in FIFA 20 and Madden NFL 20 and other esports competitions that involve sports simulators. Players can form teams and compete to see who can do the best in these games. Electronic Arts has a series where people can contend to be the best Madden NFL player is, for example.
How Will the Industry Grow?
The esports industry will continue to grow as the field enters more markets. It will also rise as more people become aware of esports. Furthermore, there are more esports games available than ever before. The fact that esports competitions are going on during a global pandemic that forced many athletic sports leagues to shut down will make the esports field more visible.
VentureBeat writes that the esports market has reached the $1 billion total and will reach $1.5 billion in 2023. The global esports audience will also grow from about 500 million people to 650 million in 2023, with half of them being “enthusiasts” and not “occasional viewers” that have a passing interest.
The VR World
The rise of virtual reality will also influence how well the esports world will change. Virtual reality is a relatively new gaming technology, but competitive esports games should become the norm. The VR League or VRL has been growing in popularity, especially as more games become available.
Virtual reality games will have to be designed with unique competitive features to make them more viable. But the audience for VR games is there, especially when the unique designs and layouts of these games come in play.
The esports industry will continue to rise and become appealing to people throughout the world. People who want to check out esports games should see what’s out there and find things they might want to play for themselves. The odds are there’s a game out there that might be of interest to you.