eSports industry size by country 2023
The United States led the global eSports market in 2023, with 871 million U.S. dollars in revenue. China, meanwhile, followed in the ranking with revenues amounting to 445.18 million U.S. dollars. The global eSports market represents the competitive video gaming industry where professional players and teams compete in front of live audiences and online viewers.
How big is the global eSports market?
The eSports industry, which appeals particularly to younger, tech-savvy audiences, has experienced growth in recent years. From 2022 to 2023, the global eSports market value increased from around 1.6 billion U.S. dollars to nearly two billion U.S. dollars. The market was forecast to exceed 10 billion in 2032, representing a compound annual growth rate of almost 21 percent during this period.
What is the most popular eSports tournament?
Many eSports enthusiasts tune in to watch the best gamers in the world participate in tournament-style events. As of December 2023, the League of Legends 2023 World Championship ranked as the most watched eSports event of all time, with a recorded 6.4 million peak viewers. The next most viewed tournament was the Free Fire World Series 2021 in Singapore, which had 5.41 million peak viewers.