Futuresource Says Esports, at $900M This Year, Promising for Streaming Services
Esports, once on the fringe of gaming culture, has “exploded in popularity” in recent years, with major competitions attracting more than 100,000 spectators and streaming channels including Twitch drawing millions of viewers for esports broadcasts, said Futuresource Tuesday. Overall industry…
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revenue is forecast to exceed $900 million this year, with an 18 percent compound annual growth rate to $1.8 billion through 2023. As key events attract viewing numbers comparable to tier 1 sporting competitions, securing exclusivity of major esports events will become important for traditional sports broadcasters and large esports streaming platforms, it said.