Traditionally considered a pastime, video gaming has been around for over half a century. Although it was thought to have its peak in the late 1990s, the video gaming industry has reached amazing new heights, and continues to grow at an incredibly fast pace. The new term is Esports. Much different than what may be remembered as an arcade, this reenergized digital entertainment revolution brings more excitement and entertainment.
The new age of Esports is organized on professional and armature levels across the globe through tournaments, leagues, live streaming and universities.
The last decade, Esports has truly gone for a ride in the world of entertainment!
From Statista. studies have shown that Esports has had viewership of over 435.9 Million viewers in 2020 and on a very steady growth projection. These studies also showed 38% of gamers are between the ages of 18 and 34, whereas the second largest age demographic is 34 to 54. Making 64% of gamers between the ages of 18 to 54 years old. Furthermore, 86% of internet users play games, and 24% of grandparents and parents see playing games together as family time.
In a Goldman Sachs Global Investment Research Report, final audience Esports viewership continues to increase, as premier games like League of Legends, developed by Riot Games, had cumulative final viewership in 2017, with over 20 million higher numbers than that of the NHL, NBA and MLB. High profile celebrities and athletes, such as Michael Jordan, Mike Tyson, Will Smith, Mark Cuban, Tony Robbins and so many more, are investing billions of dollars into Esports. In 2018, over 4.5 Billion dollars had been invested in Esports. This may come as a surprise to many, but when you find that Kyle Giersdorf, a 16-year-old beat out the 40 million players who entered the online competition of Fortnite, and won 3 Million dollars in the tournament, you stop to wonder if there is a future for the Esports industry.
So, where is it going next?
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