eSports Market Latest Trends and Analysis, 2020-2027
Esports, often known as e-sports, is a form of video game sporting event. In the same game, competitors from many teams compete. Fortnite, Counter-Strike, League of Legends, Call of Duty, and other famous games are among those in which various teams compete. Esports has grown in popularity over the years, owing to the fast expansion of the PC gaming industry. Another factor that has boosted the popularity of esports is live game broadcasting. According to Coherent Market Insights, The global Esports Market is expected grow at a CAGR of 20.3% expected reach to US$ 3.73 billion by 2027. Video games have grown in popularity over time, owing to the introduction of unique goods from video game console developers such as Microsoft, Sony Interactive Entertainment, and Nintendo, among others. The video gaming industry is fast evolving from a casual pastime to a professional career option. In reality, esports has reached a comparable level of popularity and obsession as traditional sports.