ESports industry growth may be underestimated.
While Newzoo analysts say the market could reach $1.8 billion by 2022, as reported by ESportzNetwork.com, “we expect esports industry revenue to exceed $2.5 billion by 2022. “Newzoo estimates that two billion people will be aware of esports globally in 2021, and we expect this group to be largely derived from core and traditional gaming audiences. What Newzoo is excluding from their projections are the more casual mobile gaming audiences, who enjoy puzzle, casino, and card and board games. This hypercasual and casual gaming audience segment in the esports umbrella also enjoys competitive play on their phones for cash prizes and is becoming a fast-growing segment for competitive, skill-based play.”
That could be substantial news for companies such as ESE Entertainment Inc. (TSXV:ESE)(OTC:ENTEF), ESports Entertainment Group Inc. (NASDAQ:GMBL), Allied ESports Entertainment Inc. (NASDAQ:AESE), Nuvei Corp. (OTC:NUVCF)(TSX:NVEI), and Endor AG (OTC:ENDRF).