Esports Market Size, Share, Trends And Analysis By Region, Revenue Stream
February 10, 2023 ⚊ 1 Min read ⚊ Views 74 ⚊ SPORTS
The Esports market size by revenue was valued at US1.39 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 16.7% during 2022-2030. The adoption of Esports will be supported by increasing adoption of mobile and PC gaming, high accessibility and inclusiveness, and the development of the mobile 5G connectivity. Esports is moving from local area network (LAN)-based wired connectivity to 5G-powered wireless connections. Over the next two years, organizers will explore the potential for cross-platform esports competitions using 5G’s low latency and high bandwidth capabilities.
Tags: Esports
