Increasing live streaming of games, notable investments, growing viewership, engagement activity, and league tournament infrastructure are the factors influencing the market growth.
The market is benefiting from growing revenue opportunities from increased industry specialization for gamers, organizers, influencers, and game developers.
A remarkable international prize pool and streaming revenue make electronic sports a professional career choice.
It is worth to add that schools, universities and colleges have begun offering dedicated programs to develop skilled professionals.
Global esports market size was valued at USD 1.22 billion in 2021. The market is projected to grow from USD 1.44 billion in 2022 to USD 5.48 billion by 2029, exhibiting a CAGR () of 21.00% during the forecast period. Based on fortunebusinessinsights.com analysis, the Global Esports market exhibited an average growth of 15.4% in 2020 as compared to 2019.
Gamers in the Baltic States1 2022-2024
1 https://www.statista.com/forecasts/1256504/video-games-market-users-baltics