Esports has come a long way from its reputation as being a niche hobby for teenagers. In recent years, esports has rocketed into a multi-billion-dollar opportunity, spanning multiple industries and garnering audiences on a global scale. From 2019 to 2020, revenues grew by 5%, and the following year, they jumped by another 17%. Sponsors and publishers are ramping up their contributions, and Futuresource expects to see a positive outlook for the industry over the next five years.
Read MoreNew research from Parks Associates finds 75% of heads of US broadband households report playing video games for at least one hour per week and 36% subscribe to or are trialing at least one free or paid gaming service. The firm forecasts the potential market opportunity for US cloud gaming services is $3.6 billion in 2024.
Read MoreThe COVID-19 pandemic had caused lockdown in all markets throughout 2020, and it had helped to create opportunities for many consumer technologies – especially gaming-related devices (PCs and Monitors). According to IDC, the gaming PC market (Desktops and Notebooks) and monitor market in the APeJ region posted a 12.3% year-over-year (YoY) increase in 2020 – reaching 21.7M units.
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