Friday, July 1, 2022
No Result
View All Result
Esports Grizzly
  • Home
  • College Esports
  • Industry
  • GamesUpdates!
    • Call of Duty
    • Counter Strike
      • CS:GO Betting Sites
    • DOTA 2
      • Dota 2 Betting Sites
    • FGC
    • Fortnite
    • League of Legends
      • League of Legends Betting Sites
    • Mobile Legends
    • Overwatch
    • PUBG
    • Rainbow Six Siege
    • Valorant
  • Esports Betting SitesNew
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Consoles
  • Streamers
  • Q&A
  • Blog
  • Opinion
  • Newsletter
Friday, July 1, 2022
No Result
View All Result
Esports Grizzly
No Result
View All Result

newzoo-official-logo

Image credit: Newzoo

Esports Yearly Profits to Surpass a Billion Dollars

in Industry
March 10, 2021
  • Esports revenues expected to hit $1.1 billion as the year goes by, Newzoo reports
  • The income marks an almost 15% increase compared to last year
  • Live streaming of games is hitting all-time highs because of COVID-19 and is expected to near a million in yearly gains by 2024

Newzoo and Juniper Research analysts project an expected increase of yearly esports income, amounting to about $1.1 billion dollars. 

Newzoo’s Predictions for Esports’ Growth

Newzoo, one of the most trusted platforms when it comes to the analysis of the gaming market, has forecasted that global profits from esports will hit and even surpass a billion. 

The analysts mention that the total competitive gaming audience has increased by 8.7%, totaling 474 million people worldwide. More than half of these viewers watch esports no more than once a month, with the regular viewers being about 234 million.

Newzoo’s report on the 2021 Global Esports and Live Streaming Market estimates the average yearly growth of the esports viewers will stay at a little under 8%, and the total audience will reach 577 million by 2024.

As the numbers of esports enthusiasts go up, so will the profits. The expected income from competitive gaming should reach $1.1 billion by the end of the year. This would mark an almost 15% increase compared to last year. Out of the profits, $833 million will be due to media rights and sponsorship.

Newzoo analysts consider this growth to be partially due to growth markets. However, they add that another large factor: As portable devices have become more and more technically reliable, the interest in mobile gaming has also increased, especially in LATAM, MENA, and Asia. 

Even though the market seems to be growing, Newzoo’s study considers that growth suboptimal because of the COVID-19 situation. With a greatly diminished number of live audience events, tournaments, and conventions, much potential profit has been lost. However, Newzoo adds that this change of pace has forced many to adapt and may actually have a positive impact on the market in the long run. 

Juniper Research’s Estimates

One of the things that have benefited the most from the COVID-19 situation may be the streaming market, whose audience skyrocketed. The total viewers are expected to go up by 10% compared to last year, totalling around 730 million. This increase will probably fall down a little bit once the COVID-19 situation is resolved, but a total audience of 920 million is still scheduled for 2024. Chinese viewers are expected to play a big role in the feat of reaching the milestone of a billion, Newzoo comments.

Another analyst house, Juniper Research, calculates that the total revenues from both esports and streaming will reach $2.1 billion this year and %3.5 billion by the middle of the decade.

According to Juniper, the aforementioned milestone of a billion viewers will be hit by 2025. Analysts at Juniper Research agree that Asia will play a big role in that, providing more than half of the total audience. Latin America also has potential, and many companies have set their sights on the region.

Juniper Research analysts consider the role of the right investments to be crucial to the development as otherwise, the progress may halt. 

Tags: Juniper ResearchNewzoo
Angel HristovbyAngel Hristov
Tags: Juniper ResearchNewzoo
Home » Esports Yearly Profits to Surpass a Billion Dollars
ShareShareTweetShareSend
league-of-legends-clash-between-champions
Blog

Betting on League of Legends: Top 5 Sites to Wager Using Bitcoin

by Papa Bear
March 1, 2022

Few games have captured the hearts of the wider audiences quite like Riot Games’ masterpiece League of Legends has. The...

Read more
overwatch-female-characters
Opinion

Women in Esports: How Esports Are Moving Towards a More Inclusive Future

by Angel Hristov
October 25, 2021

Gaming has long been regarded as something reserved for nerdy boys. As times change women join in on the fun...

Read more
v-bucks-currency-in-fortnite
Blog

Bitcoin Esports: Best Crypto Esports Betting Sites

by Alexander Todorov
January 23, 2022

Bitcoin esports betting is on the rise. The idea of placing wagers on your favorite esports teams is an experience...

Read more

Latest and Popular

Mesut Ozil with an esports shirt for his new team.
Industry

Arsenal Veteran Footballer Mesut Özil Might Move into Esports

by Stefan Velikov
June 21, 2022
The official featured logo for the Military Gaming League.
Industry

Generation Esports Acquires the Military Gaming League

by Stefan Velikov
May 23, 2022
100-thieves-facebook-cover
Industry

100 Thieves is Developing a Video Game

by Angel Hristov
May 23, 2022
ukraines-war-bloodied-flag
Industry

How Streamers and Esports Pros Are Helping Ukrainian Civilians

by Alexander Todorov
May 9, 2022

Next Post
ubisoft-rainbow-six-siege-character-holding-his-hands-up

Virtus Pro player Shockwave Retires from Rainbow Six Siege

eSports Grizzly Mobile Dark
eSports Grizzly Mobile Dark

Content Categories

  • Blog
  • Call of Duty
  • College Esports
  • Consoles
  • Cosplay
  • Counter Strike
  • DOTA 2
  • FGC
  • Fortnite
  • Gaming
  • Halo
  • Hearthstone
  • Industry
  • League of Legends
  • Mobile Legends
  • News
  • Opinion
  • Overwatch
  • Popular
  • PUBG
  • Q&A
  • Rainbow Six Siege
  • Rocket League
  • Streamers
  • Uncategorized
  • Valorant

Recent Posts

  • NaVi Dominates the BLAST Premier Spring Final 2022
  • Arsenal Veteran Footballer Mesut Özil Might Move into Esports
  • Blizzard Promises Consistent Content Updates and Battle Pass For Overwatch 2

About Esports Grizzly

We bring you the best Premium esports content from around the globe.

Our FREE weekly newsletter

Keep in the loop with our minimalist weekly newsletter. Subscribe today!

GET IN TOUCH

Esports Grizzly reports on the latest industry and gaming intelligence, Want to pitch in? Get in touch!

  • Home
  • About us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • Contact

© 2021 Esports Grizzly - Your daily BITE of global esports

No Result
View All Result
  • Home
  • College Esports
  • Industry
  • Games
    • Call of Duty
    • Counter Strike
      • CS:GO Betting Sites
    • DOTA 2
      • Dota 2 Betting Sites
    • FGC
    • Fortnite
    • League of Legends
      • League of Legends Betting Sites
    • Mobile Legends
    • Overwatch
    • PUBG
    • Rainbow Six Siege
    • Valorant
  • Esports Betting Sites
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Consoles
  • Streamers
  • Q&A
  • Blog
  • Opinion
  • Newsletter

© 2021 Esports Grizzly - Your daily BITE of global esports

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.