Esports market value to hit $1bn in 2020
Boosted by new sponsors, more fans and buy-in from traditional sports/entertainment businesses, the competitive gaming sector will hit the $1bn mark next year
News By IQ | 13 June 2019
Esports industry revenues are on track to exceed US$900 million this year, and poised to break the billion-dollar mark in 2020, according to a new report by market research firm Futuresource Consulting.
“Esports has been around for a while, but is now really starting to enter the mainstream,” says Adam Cox, senior analyst for imaging and pro video at Futuresource Consulting. “It’s riding a rising wave of consumer awareness, as celebrities and traditional sports teams get involved, household brand names take…
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