USA – A report released today for the esports market by research and analyst firm Arizton suggests that it is to generate billions of revenue dollars during the period of 2020 to 2025 if it continues to grow at the predicted rate of more than fifteen percent.
Arizton, based in Illinois, provides a wide spectrum of premium market research solutions, whereby capabilities range from comprehensive syndicated research to made-to-order customized reports.
The firm also made headlines recently for producing its extensive ‘Casino Gaming Equipment Market – Global Outlook and Forecast’ for the next five years in which it stated that ‘the casino gaming equipment market is expected to reach more than $9 billion by 2024’.
According to the Chicago based company, ‘the growing number of live casinos, the accelerated demand for mass-market gaming equipment, innovations in slot machines, and the growing demand for electronic gaming tables are significantly expected to contribute in the growth of the casino gaming equipment market’.
Esports is a form of sport competition using video games, whereby betting on such markets has increased over the last 2 months, particularly since the Covid-19 pandemic. Sportsbook’s online and on mobile, such as Betway, who state that ‘Esports is growing at a jaw-dropping rate. With teams like FaZe, SK Gaming, mousesports and Cloud9 battling it out in the arena, and so many talented players making a name for themselves in the sport.
Betting is currently offered at a number of bookmakers on Counter Strike: Global Offensive, Dota 2, Hearthstone, Heroes of the Storm, Overwatch, League of Legends and Call of Duty.
According to the report by Arizton, the total number of esports audience accounted for over 600 million in 2019 and countries such South Korea and others have started considering esports as professional games and are giving it same privileges as traditional sports.