LONDON– (BUSINESS WIRE) -#Casinoandgaming–The global export market is expected to post CAGR close to 18% during the period 2019-2023, according to the latest market research report by Technavio. However, the market is expected to decelerate on a year-on-year basis.

Currently, several regional and international players are contributing to the growth of the market by launching new esports platforms. These are the most common sources of revenue. Furthermore, new platforms help to increase market share and offer them competitive edge over their rivals. For instance, in June 2019, Viacom announced the launch of NickX eSports platform, a tournament platform for kids using Nickelodeon gaming content.

Similarly, in May 2019, IKON, a new gaming challenge platform, was launched. This new platform supports the League of Legends and allows players to challenge friends and fans. Therefore, the increasing launch of such platforms is expected to drive the market for sports during the forecast period.

As for Technavio, the evolution of high-tech gaming consoles will have a positive impact on the market and contribute to its growth significantly over the forecast period. this global esports market 2019-2023 research report, which will affect market growth over 2019-2023.

Global Esports Market: Evolution of High-Tech Gaming Consoles

The introduction and popularity of gaming consoles, such as Xbox and PlayStation, have led to the development of the modern export industry. Hence, several companies that offer PCs have improved their device configuration to support gaming. Also, end-users such as individual gamers, are using gaming consoles to improve their gaming experience. Hence, companies that offer gaming consoles are launching versions of their existing consoles with upgraded and advanced features. The introduction of VR headsets for gaming has also immensely contributed to the technology involved in esports. Therefore, evolving technology in the export industry has made the gaming experience better and is driving the global exporting market.

"From the evolution of high-tech gaming consoles, the increase in export betting, and the increasing number of exports that are expected to boost market growth during the forecast period," says a senior analyst at Technavio.

Global Esports Market: Segmentation Analysis

This market research report segments the global export market by revenue stream (sponsorship, media rights, advertising, publisher fees, and merchandise and ticket sales), by game genre (MOBA, FPS, RTS, and others) and geographical regions (North America, APAC, Europe, South America, and MEA).

The North American region led the market in 2018, followed by APAC, Europe, South America, and MEA, respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth two to the increasing number of export competitions in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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