Gaming has been in existence since the periods of Pac-Man and Atari. And today, it has developed into an industry valued at several billion of money which deals with all that has to do with mobile gaming and multiplayer features online.
However, the most thrilling improvement in gaming for the past few years has survived the growth of games, which is an aspect of sports that places experienced players contending against each other in highly composed competitions and leagues. This is practically seen in the NFL team stats and several other games features like NFL.
In the future, sports have been growing for several years, but their growth has advanced dramatically after the COVID-19 outbreak as more communities switch to games for recreation and public interaction.
The Rise of Esports
The start of eSports can be linked to the early time of gaming when groups of friends would gather in basements to compete in games like Mortal Kombat or Street Fighter. Until the late 1990s and early 2000s, eSports became a formalized competitive event.
As we advance, the advent of the internet and online gaming made it possible for gamers to compete in real-time with each other globally. This paves the way for the development of esports leagues and tournaments.
Nowadays, eSports have become a prosperous industry, with professional teams, players, and leagues contending for prize money worth millions of dollars.
There are eSports tournaments like Dota 2 and the League of Legends Worlds Championship, which usually draw thousands of fans to their respective love events, while millions of followers stream the games online.
The Business of Esports
Businesses around the world have recognized a surge in the growth of eSports and have lately been capitalizing on the industry’s growth. This establishes one of the prospects of the industry and places it at another height of progress.
For instance, companies like Samsung, Intel, and Coca-Cola have made giant sponsors in teams and events of eSports. On the contrary, professional sports teams like the Philadelphia 76ers and the Golden State Warriors have invested in their units.
eSports is also attracting investment from venture capitalists and private equity firms. The esports industry gathered $4.5 billion in assets in 2018, with a large amount of the money going toward esports teams, leagues, and platforms.
The Global Appeal of Esports
Another fundamental feature indicating the strength of eSports currently and in the future is Global acceptance. It has wide usage and is the main driving force for the growth of eSports.
It also has a global fan base, unlike traditional sports like football and basketball dominated by European and North America, respectively. eSports games like Dota 2 and League of Legends are played by millions of gamers across the globe.
This global coverage has practically made eSports the best platform for brands and businesses willing to reach out to youngsters and tech-savvy audiences. With the use of platforms like YouTube and Twitch, anyone on the internet can easily stream live tournaments and events of eSports.
The constant intrigue of fans and players worldwide has made esports a global phenomenon.
Final Thoughts
Without a doubt, the eSports industry will continue to grow at a rapid rate in the coming years. Games continue to be a source of entertainment and social interaction for every individual that wants fun. For instance, the COVID-19 pandemic helped the industry’s goal.
People were forced to stay indoors and had to make eSports a new form of entertainment. Many people get adapted to the new normal during the pandemic. Several people equally explored the fun and are now ready to maximize their usage.
Mobile gaming is an area of esports that’s rapidly growing and won’t cease anytime soon. For instance, mobile games like Free Fire and PUBG are increasingly becoming popular in Asia and many parts of the world. Lastly, the rise of the 5G network will make all sorts of esports more accessible and appealing to every player.