Esports is one sector which, thanks to the amazing steps that the world has continued to take in the field of technology, has witnessed tremendous developments in past decades. There are millions of eSports fans spread across the continent today. While technology improvements are due to the massive growth of the industry, the shift from normal sporting activities to video games has enabled the industry to expand as well.
In terms of regional distribution, North America is the main eSports market, followed by the European markets. Asia-Pacific and Australia, respectively, are third and fourth. The global eSports market is typically greater than US$950 in 2020, and is expected to cross the $1.5 billion mark by the end of this year.
After the United States in North America, Canada is the second-largest market for eSports. There are already thousands of eSports leagues in Canada that have seen gamers battle in Canada for millions of dollars that the sector regulates. League of Legends, StarCraft, WarCraft, Hearthstone, Overwatch, Player Unknown’s Battlegrounds (PUBG), Dota 2, and to say nothing of Fortnite, are among the eSports leagues you will participate in Canada.
The Canadian esport market share was estimated to be $11 million before the end of 2019, according to details published on Mondaq more than two years ago. Based on new data released recently, the sector has since moved to $23 million, making Canada the fastest growing market in the sector. The same trend also applies to the Canadian online casino market, with veteran brands such as casino JackpotCity emerging as Canada’s main industrial players. Some of the online casinos also offer eSports tournaments to bet on, which reveals just how large the tournaments is.
The majority of Canada’s esports establishments have recently embarked on a massive sensitization drive that has helped popularize the sport. Social platforms, as well as media campaigns, have been critical in ensuring greater coverage of eSports.
To a greater extent, faster connections have helped to boost eSports’ dominance in Canada. With the introduction of the 5G network connection, the chances are greater that the sector’s revenue will double in the next five years.
The industry has witnessed lots of funding in recent times because it has emerged as a good investment destination.
Evidence shows that the sector receives millions of dollars that are directed towards infrastructural development annually.
According to the information published on esportsbookies.net, the United States is the second largest eSport market worldwide with over 160 million gamers. This means that in the US, more than half of the eSport gamers globally reside. In terms of revenue distribution, with over USD 27 billion, China leads the pack with collective revenue for both eSports and online gaming. The United States is statistically a critical player in the sector as it holds the world’s largest eSports infrastructure. Today, the United States has the highest number of leagues in the world in eSports.
In both the growth and development of eSports, Canada has shown greater potential. The sector will further grow with eintensified access, sponsorship and intensified access.