The esports industry has successfully garnered huge investments from brand partners with the promise of better engagement and wider global reach. Today, more and more gamers are immersed in realistic 3D worlds, thanks to latest technologies like artificial intelligence and virtual reality (VR), which is in stark contrast to the 2D games that people played a few years ago back.
According to a report by marketsandmarkets.com, the global esports market size is estimated to peak from $694.2 billion in 2018 to $2174.8 billion by 2023, marking a compound annual growth rate (CAGR) of 18.61 percent between 2018 - 2023. The global gaming industry continues to make massive strides in connecting gamers worldwide through the latest technologies like cloud gaming and the metaverse.
This nascent industry has experienced a rapid transformation with VR and augmented reality, NFTs, and blockchain technology, rivaling the most prominent traditional sports leagues played across the globe. These tech innovations have helped esports witness skyrocketed growth and transform into a spectator sport in the past five years.
This edition of Media and Entertainment Tech Outlook delivers a bird’s-eye view of the recent developments in the esports arena and insights into how organizations are aligning with these trends and adopting lucrative ways to keep the global fanbase engaged.
We have curated thought leadership articles from industry experts, including the Senior Vice President of Content, Programming & Marketing at Vevo and the Vice President of Media and Content Security at Sony Pictures Entertainment.
We also took a deep dive into the market trends to narrow down the list of companies delivering innovative esports solutions. Equipped with innovative technological capabilities, companies like Ultimate Endgamers League and Game4Good help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Media and Entertainment Tech Outlook’s esports solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts!
