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The Evolving Esports Landscape: Growth, Challenges, and Industry Responses
- 2024/12/29
- 再生時間： 3 分
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あらすじ・解説
The gaming and esports industry is experiencing significant growth and transformation. According to recent market research, the global esports market size was valued at USD 1.72 billion in 2023 and is projected to grow from USD 2.06 billion in 2024 to USD 9.29 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 20.7% during the forecast period[3].
In the United States, the esports market is expected to reach approximately USD 1.07 billion in 2024, with a CAGR of 15.4% from 2024 to 2029, driven by the growing popularity of professional teams and a dedicated fan base[1]. Canada is also experiencing rapid growth, with a projected market volume of USD 138.9 million in 2024 and a CAGR of 5.92% from 2024 to 2029[1].
The industry is witnessing increased integration with traditional sports, advancements in broadcasting and viewing technologies, and growth in education and career development. For instance, professional sports leagues like the National Basketball Association have integrated esports into their media portfolio, and new broadcasting solutions are making the experience of viewing esports events more immersive and engaging[2].
However, the industry is also facing challenges, including a growing crisis in the video gaming industry, with record layoffs and game shutdowns. The industry had a then-record of 8,500 layoffs in 2022, which was surpassed by nearly 25% in 2023, and there have already been 8,000 job losses in the first two months of 2024[4].
Despite these challenges, the industry is expected to continue growing, driven by the rising popularity of video games, advancements in technology, and increasing investments in infrastructure. The global esports market is projected to reach USD 6 billion by 2030, expanding at a CAGR of 19% between 2023 and 2030[5].
Industry leaders are responding to current challenges by exploring new revenue streams, such as physical merchandise, loyalty programs, and exclusive content. Esports companies are also listing on stock exchanges to develop revenue streams beyond sponsorship, and reselling broadcasting rights and co-streaming are emerging trends[5].
In terms of consumer behavior, there is a shift towards more immersive and engaging experiences, with the integration of virtual reality and artificial intelligence in esports. The industry is also witnessing a rise in mobile gaming, with the immense popularity of smartphones driving the growth of mobile MOBA games[3].
Overall, the gaming and esports industry is experiencing significant growth and transformation, driven by advancements in technology, increasing investments in infrastructure, and the rising popularity of video games. Despite challenges, the industry is expected to continue growing, with industry leaders responding to current challenges by exploring new revenue streams and emerging trends.
In the United States, the esports market is expected to reach approximately USD 1.07 billion in 2024, with a CAGR of 15.4% from 2024 to 2029, driven by the growing popularity of professional teams and a dedicated fan base[1]. Canada is also experiencing rapid growth, with a projected market volume of USD 138.9 million in 2024 and a CAGR of 5.92% from 2024 to 2029[1].
The industry is witnessing increased integration with traditional sports, advancements in broadcasting and viewing technologies, and growth in education and career development. For instance, professional sports leagues like the National Basketball Association have integrated esports into their media portfolio, and new broadcasting solutions are making the experience of viewing esports events more immersive and engaging[2].
However, the industry is also facing challenges, including a growing crisis in the video gaming industry, with record layoffs and game shutdowns. The industry had a then-record of 8,500 layoffs in 2022, which was surpassed by nearly 25% in 2023, and there have already been 8,000 job losses in the first two months of 2024[4].
Despite these challenges, the industry is expected to continue growing, driven by the rising popularity of video games, advancements in technology, and increasing investments in infrastructure. The global esports market is projected to reach USD 6 billion by 2030, expanding at a CAGR of 19% between 2023 and 2030[5].
Industry leaders are responding to current challenges by exploring new revenue streams, such as physical merchandise, loyalty programs, and exclusive content. Esports companies are also listing on stock exchanges to develop revenue streams beyond sponsorship, and reselling broadcasting rights and co-streaming are emerging trends[5].
In terms of consumer behavior, there is a shift towards more immersive and engaging experiences, with the integration of virtual reality and artificial intelligence in esports. The industry is also witnessing a rise in mobile gaming, with the immense popularity of smartphones driving the growth of mobile MOBA games[3].
Overall, the gaming and esports industry is experiencing significant growth and transformation, driven by advancements in technology, increasing investments in infrastructure, and the rising popularity of video games. Despite challenges, the industry is expected to continue growing, with industry leaders responding to current challenges by exploring new revenue streams and emerging trends.