The sudden rise in CAGR is attributable to the Esports betting market growth and demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented and staggering, with RF switches experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. COVID-19 Impact: Supply Chain Disruption and Lockdown Restrictions to Impede Market Progress Moreover, the rising mobile saturation and augmented internet speed are anticipated to fuel the esports market size during the forecast period.

The online gaming market is rising at a strong pace owing to features such as growing acceptance of innovative gaming skills, changing customer entertainment inclinations, increasing income levels, and cumulative demand for mobile gaming. Key aspects driving the growth of the global esports market size are the growing popularity of video games, forbidding investments, growing live streaming of sports, and growing infrastructure for the league play-offs. Therefore, esports betting and sports betting also share many resemblances. You have teams or individuals opposing each other in different video games in an extremely competitive atmosphere. The idea of esports is like a regular sport. Therefore, esports betting is likewise on the upsurge, and a substantial number of gamblers are creating it as the main effort of their betting. The global Esports betting market size was USD 9,749 million in 2021 and is expected to reach USD 35556.36 million in 2031, exhibiting a CAGR of 13.7% during the forecast period.Įsports are becoming progressively widely held in recent years and nowadays can counterpart old-fashioned sports in terms of viewers, promoters, and organization. Request a Free sample to learn more about this report.

Updated On: 11 December 2023 ESPORTS BETTING MARKET REPORT OVERVIEW

Sports betting industry