The esports market continues to grow at a staggering rate and this is predicted to continue in the years to come. The global market was valued at an eye-watering $20008.4 million in 2021, and it is expected to expand at a compound annual growth rate of 21.9% from 2022 to 2030. So, why exactly is esports so popular right now? It can be something that is hard to get your head around for many people, but there are a handful of reasons why this is proving to be one of the most popular hobbies right now. Keep reading to discover a few of the main reasons.
Inclusivity & Accessibility
One of the key reasons why esports is becoming so popular (and a clear positive) is the fact that it is so inclusive and accessible. Unlike other sports, anyone can enjoy esports and find success regardless of background, age, gender or physical ability. This allows anyone to get started with esports but also makes it a community that is kind, welcoming and supportive.
Younger Generations Grew Up Gaming
While esports is open to all, you will find that it is mainly enjoyed by younger generations. This is no surprise as younger generations grew up with video games and many have already been playing for most of their life. Video gaming is a huge part of culture for younger generations and esports allows people to connect with one another regardless of location.
It Is Increasingly Social
Another reason why esports is so popular is that it is a hugely social activity. Video gaming has had a stigma attached to it for many years as being a solitary activity, but esports allows people to engage with one another online and with people from all over the world.
The in-person events are also great ways for people to socialize and connect with one another (similar to attending a real-life sports fixture).
Esports Betting
Esports betting has also become hugely popular in recent years and is another driving factor for the industry’s growth. Esports betting online allows people to take the excitement of esports to new heights and you can bet on all kinds of different games. This can give people a stake in the action and allows even those that do not play to feel a part of the community. You can place your bet at https://thunderpick.io/en/esports, which is an easy way to get started with esports betting. You are sure to see why this is such a popular activity after placing a bet and watching a match unfold.
Range Of Games
Another simple reason why esports is so popular is that there are so many different games that can be played or watched. This gives the market greater variety than other sports as there are many different options. A few of the most popular esports include:
- Counter-Strike: Global Offensive
- League of Legends
- Fortnite
- Dota 2
- Overwatch
Money
Of course, money is also a major factor. There is a lot of money to be made in esports when you factor in the prize money, sponsorship, merchandise and esports betting. Currently, the biggest prize pool for a tournament is an astonishing $40 million for The International – Valve’s annual Dota 2 world championships.
These are a few of the main reasons why esports are so popular right now. It has been incredible to see the rise of this industry over recent years and many people struggle to get their heads around it. There are very good reasons for its popularity, though, and the industry is expected to continue soaring in the years to come.
