As technology continues to advance, the world of esports is becoming increasingly popular. But the question remains: will the popularity of esports rival or even surpass that of traditional sports in 2023?
Football or soccer is still watched by billions around the world, and in the US, there are huge viewership numbers for domestic college basketball that dwarf esports numbers. People often take note of March Madness picks and juggle their schedule around games shown on TV – and that’s not even the main professional league!
Today, we will explore the growth of esports and its potential to become bigger than traditional sports. First of all, let’s take a look at the reasons why esports continues to grow.
The widespread availability of high-speed internet and powerful gaming computers has made it easier for people to participate in and watch competitive gaming. This means that more people than ever have access to the games and equipment necessary to compete at a high level, which has led to growth in the number of players and viewers.
Additionally, with the rise of streaming platforms such as Twitch and YouTube, it’s now easier for gamers to broadcast their matches and build a following. In 2020, the global streaming market was valued at $28.5bn and it is projected to reach $70.5bn by 2027. This has also allowed a wider audience to access and enjoy competitive gaming, further increasing the popularity of esports.
In recent years, major companies and organizations have begun investing in the esports industry, recognising its growth potential. This has led to more sponsorship deals, partnerships and advertising opportunities for competitive gaming. Additionally, traditional sports teams have begun buying and creating their own
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