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eSports is a burgeoning global sector in which highly experienced video gamers compete. eSports covers competitions across a number of video games, similar to how traditional sports feature competitions in baseball, basketball, and football. Unlike popular belief, eSports is not just a fad that occurs in the basements of unemployed twentysomethings; it is a legitimate industry that is developing globally and is investable.
Observing a professional sporting event is comparable to witnessing a physical event, except that instead of viewing a real event, viewers watch video gamers compete against one another in a virtual setting.
This business comprises not just conventional sports games like NBA2K and FIFA, but also - and maybe more importantly games like League of Legends, Counter-Strike, and Dota.
Players can interact with fans via social media, live-streaming platforms, and in-person during events. Fans, on the other hand, may follow and watch their favorite teams participate in regional and international competitions. This ecosystem is surrounded by many technological platforms, services, events, analytics platforms, and considerable investment money as it continues to develop.
The eSports sector has exploded in recent years, thanks in large part to the coronavirus (COVID-19) outbreak, which caused people to seek alternative kinds of entertainment as professional sporting events were often canceled. Almost half of respondents in an October 2020 survey of eSports executives from around the world said that traditional professional sports teams and leagues, athletes, and celebrities were likely to boost their investment in the eSports business during the next year.
The worldwide eSports business earned 947.1 million dollars in sales in 2020, and it is expected to be worth 1.6 billion dollars in 2024. With the globe gradually returning to normal, the eSports sector will expand in many ways, not only monetarily.
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