Esports - Europe

Europe

In 2024, the Esports market in Europe is projected to reach a revenue of €1,336.0m.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 6.26%, resulting in a projected market volume of €1,810.0m by 2029.
Among the various segments, Esports Betting holds the largest market share with a volume of €856.4m in 2024.
The United States dominates the Esports market in Europe, generating the highest revenue with a projected market volume of €992.4m in 2024.
Looking ahead, the number of users in the Esports market is expected to grow to 165.8m users by 2029.
User penetration, measured as a percentage of the population, is estimated to be 17.9% in 2024 and is expected to rise to 22.4% by 2029.
Furthermore, the average revenue per user (ARPU) is projected to be €10.07.
In Europe, Germany is emerging as a dominant force in the Esports market, with a growing number of professional teams and a supportive government.

Key regions: China, United States, Asia, Germany, France

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The eSports market in Europe is experiencing modest growth due to factors such as increasing interest in digital entertainment, growing media coverage, and the convenience of online platforms. However, challenges such as limited sponsorship opportunities and regulations on gambling may impact the market's growth rate.

Customer preferences: The rise of eSports has been accompanied by a shift in consumer preferences towards more immersive and interactive gaming experiences. This trend is driven by the younger demographic's growing interest in competitive gaming and their demand for advanced technology and virtual reality. Additionally, the emergence of social media and live streaming platforms has created a new avenue for players and fans to engage with the eSports community, leading to a surge in online viewership and engagement. This trend is likely to continue as the eSports market continues to expand and attract a diverse and global audience.

Trends in the market: In Europe, the eSports market is experiencing a surge in popularity, with a growing number of players, teams, and tournaments emerging. This trend is being driven by the increasing accessibility of gaming technology and the rise of social media and streaming platforms, which have made it easier for audiences to engage with and follow their favorite players and teams. Additionally, the COVID-19 pandemic has accelerated this trend as more people turn to online forms of entertainment. This presents significant opportunities for industry stakeholders, such as game developers, sponsors, and event organizers, to tap into this growing market and expand their reach. However, it also poses challenges, such as ensuring fair competition, managing player health and wellness, and addressing diversity and inclusion in the industry. As the eSports market continues to evolve and attract a larger audience, it will be essential for industry stakeholders to stay updated on these trends and adapt their strategies accordingly to stay competitive.

Local special circumstances: In Europe, the eSports market is driven by the region's strong gaming culture and the availability of high-speed internet connections. Additionally, the diverse and multilingual population has created a demand for localized content and events, leading to the rise of regional leagues and tournaments. Furthermore, the European Union's recent recognition of eSports as a legitimate sport has opened up new opportunities for funding and partnerships in the industry. These unique factors have contributed to the rapid growth and development of the eSports market in Europe.

Underlying macroeconomic factors: The eSports market in Europe is heavily influenced by macroeconomic factors such as economic stability, government support, and investment in technology. Countries with strong economies and supportive policies for the gaming industry, such as Germany and the UK, have seen significant growth in the eSports market. On the other hand, countries with weaker economies and limited government support, such as Greece and Spain, have struggled to develop their eSports industry. Furthermore, the increasing popularity of gaming among the younger population and the rise of online streaming platforms have also contributed to the growth of the eSports market in Europe.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Esports market, which comprises revenues from and users of professional competitive gaming content. This includes any professional and semiprofessional gaming competitions within tournaments or leagues that offer a championship title or prize money. All figures are based on net revenues and exclude agency commissions, rebates, and production costs.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.