Esports has drawn the interest of stakeholders from a variety of businesses, which is why this well-liked sporting ecosystem has become a popular choice for investment among company executives.
Let’s go over the seven reasons that the world is paying attention to esports and why they are important in today’s environment. Let’s examine the causes in greater detail:
1. E-sports The ecosystem is in its infancy in many parts of the world, and tournaments are built around specific games where casters (commentators who explain the intricacies of the game are different), experts, and sponsors are different. Major international companies, such as Coca-Cola and BMW, are supporting esports teams in a variety of ways.
2. More than 400 million people around the world have watched tournaments of these well-known games because the gaming industry has grown so famous. According to NewZoo projections, the global gaming audience will likely total 641 million by 2025.
3. The game detecting capabilities of cutting-edge technology have given businesses tremendous prospects for advertising.
4. Esports tournaments are held in large venues because they demand high-quality production and an enormous audience in order to be successful. The biggest tipping point for stakeholders to seriously invest in Esports is the increase in audience because it would mean more eyes on the game.
5. Esports must have a single internationally recognised federation, similar to how traditional sports have the ICC (International Cricket Council in cricket), FIFA (International Football Federation in football), and IBF (International Basketball Federation). Once this federation is recognised internationally, stakeholders can form a single rule so that those who invest in esports understand the advantages of doing so.
Also Read: Why Indian Esports Industry have changed their gears post BGMI and PUBG Bans?
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