How big of an industry esports is?

[angllyg]

First, let's talk about what is esports.

Esports is a form of sport competition using video games at the highest level it can be. Just like when any other sport was just created for fun at first, a lot of people got competitive and brought out a whole new industry that can produce a massive ground for entertainment, hobby, and jobs.

So how big it really is?

According to this article, esports made almost a billion of U.S. dollars in global market value. And is expected to reach 1.6 billion U.S. dollars in 2023. Who knew that a lot of money was going in just by sitting and playing in front of your gadgets?

Is it good to invest in esports?

As we all know, esports is still on its early stages and it has one the largest room for potential growth amongst other industries. Especially now that technology is improving and getting a lot better, esports will definitely live up to hype.

A lot of personalities around the globe have already involved themselves in the industry such as Shaquille O'Neal, Will Smith, Jennifer Lopez and her husband Alex Rodriguez, Sean "P. Diddy" Combs, Stephen Curry, Drake, Kevin Durant, Odell Beckham Jr., Magic Johnson, Mike Tyson, and Michael Jordan.

Also one of the biggest companies have took the risk and started investing in esports. Namely Adidas, Coca-Cola, Disney, and Intel. Golden State Warriors, a 6-time NBA Champion team, also joined in and invested.

Especially now that it's getting bigger than ever, there is no better time to invest in it than now.

"In review, it seems like there's no better time to get in on esports in some way, shape, or form. As both viewership and participation continue to grow and therefore increase the money that can be within the space, there is no better time to invest."

 

[JulyTarn]

I can add a very interesting post about how many people watch esports.
It's really huge amount, what can say about how big an esports industry and how much money are there. I hope my dream come true and i'll be able to become a professional esports athlete, so i'll get an opportunity to do what i like and earn money at the same time)

 

[gasset]

Esports has indeed grown into a massive industry, surpassing expectations in terms of market value and attracting attention from various stakeholders. The potential for growth in esports is significant, with technology advancements and increasing viewership contributing to its expansion. Investing in esports can be a wise decision considering its upward trajectory and the involvement of renowned personalities and major companies. With the likes of Shaquille O'Neal, Will Smith, and many others entering the industry, it showcases the appeal and potential profitability of esports. Furthermore, the involvement of companies such as Adidas, Coca-Cola, and Intel, as well as NBA teams like the Golden State Warriors, highlights the increasing recognition and investment from major players. Overall, given the current momentum and future prospects, investing in esports presents a promising opportunity.

 

[Farida]

so interesting! glad to know that

 

[Maryme]

good to hear that! good information

 

[Vazy_25]

Thank you for the intresting info you provided!

 

[LeonidasHutchinson]

The emergence of prominent figures like Shaquille O'Neal, Will Smith, and others entering the esports industry underscores its widespread appeal and evident profitability. The participation of renowned corporations like Adidas, Coca-Cola, and Intel, alongside established NBA teams like the Golden State Warriors, reflects the growing acknowledgment and substantial investment from key stakeholders. Considering the present positive trajectory and the potential ahead, venturing into esports indeed offers a promising opportunity. However, it's essential to note that discussions around nba betting philippines and similar activities should be approached cautiously within the broader context of esports growth and responsible engagement. The convergence of major influencers and corporate interests signifies a transformative phase for esports, raising both potential benefits and ethical considerations.

 

[KingDivision]

Esports is booming, with huge growth potential and major investments from celebs and companies. It's a promising opportunity.