Insight Into eSports Trends in Asia
Online gaming has been around for more than two decades, and eSports are here to stay since the early 2000s. The development of this was an interesting phenomenon to watch. Tournaments started by being held in small incognito gaming clubs. Later to become worldwide events with millions of online spectators. You don’t have to be a gamer to enjoy eSports. Yet, like other sports, knowing how the game first-hand gives the viewer perspective. Understanding the stakes at hand can only fuel the excitement.
Of all the places in the world, Asia has experienced the most booming growth in eSports. Both player-counts and spectator popularity are exploding. China is striving to dominate in almost every major eSport and other countries like Japan and Malaysia are following suit. Thailand, Indonesia, and the Philippines also produce great players. There is no shortage of anything gaming-related in any part of Asia. In this article, we will focus on the latest eSports trends in the Eastern hemisphere.
Exponential Growth
It is hard to describe the growth of eSports in another way. Looking only at eSports related revenue, the industry passed the $1 billion mark in 2021. This discounts the revenues from any ‘casual’ gamers. Major analysts predict eSports revenues will double in 2022. According to Niko Partners, over 50% of that revenue is generated by Asia. Discussing eSports in general necessitates looking at Asia’s role in the industry.
Compound Annual Growth Rate (CAGR) can be used to calculate eSports industry revenues of the future. These predictions see the industry worth over $3.5 billion in 2025. This is calculated using a linear progression. It represents, what many experts believe is, a conservative estimate. The exponential growth currently being experienced cannot last forever. eSports are dominating the online world. Younger generations are entering the market and more money will be poured into this than can be predicted.
As with traditional sports, some of the revenues come from fan desires to place bets. Wagering on eSports is becoming the next big entertainment choice. As with eSports in general, the biggest betting market is also in Asia. Many casinos in Asia are opening special eSports betting departments. The Japanese Casinos Navi have a comprehensive guide to this new sports betting scene.
Investing In eSports
eSports are still in their early infancy, it’s a great time for expanding any tech portfolio. It’s still wise to do proper research, but eSports have great potential for investors. If doubling your money sounds like a good deal, and that’s what is going to happen during this year for the industry, join it along for the ride.
If great ROI is your cup of tea, the video game industry can offer just that. Proper assessment is key, and if you do decide to move further with this, treat it like any serious investment. While it’s a lucrative market, there is nothing magical about eSports. Companies still have to make a profit, to take you up with them, and it’s up to your due diligence to pick out the successful ones.
The Streaming Is Part Of The Thrill
To get your foot in the door in Asian eSports, we recommend a simple process. Get familiar with the industry from the inside out. Explore the various games, watch tournaments, and get to know the people that engaged in it. When you have some experience, try to treat it as any other sports discipline. It’s quite possible that in the near future it will be exactly that. There is a big possibility that eSports will join the Olympics and other worldwide events. It already happened this year.
After you get some experience under your belt, consider making a few bets with a friend or with a bookie if that’s legal where you are. When you track eSports for a few months, you can become quite familiar with the industry. Decide if it’s still something you want to pursue. Chances are, you will join the ranks of the many that enjoy them, and you will be among the other 500 million people that have their attention turned towards eSports. Now head straight to Twitch, and take a look at what’s going on.
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