E-Sports Massive Future Revenue Projections For Asia

Published Sunday, November 25, 2018 - Online-Casinos.com
E-Sports Massive Future Revenue Projections For Asia

The most recent addition to the online gaming world is the introduction of e-Sports. Where the industry is headed in the next few years is pure speculation but some analysts are projecting it will explode to become a very lucrative activity for entrepreneurs and operators. The activity is already well established especially in the Asian jurisdictions but according to financial services firm UBS, eSports could boost gaming revenue to as much as $200 billion by 2030. That’s still a long way off but as the games and technology add more fuel to the fire it would seem that the claim could be fairly realistic.

Analysts from the firm predict that current gaming revenue in Asia could triple over the next 12 years, adding that the region will most likely have an annual growth rate of 9.5% through that time. The estimate of $200 billion is the same as what the region gained in revenue from the smart phone industry in 2016.

The UBS agency explained the logic, “It’s no coincidence that Asia is the first to recognize eSports as an official sport. The gaming culture and industry in Asia has grown by leaps and bounds over the past few years. For the first time in history, Asia Pacific’s gaming revenues will exceed that of the rest of the world this year, cementing the region’s position as a global gaming leader.”

UBS continued, “And we believe the journey has only just begun—Asia’s gaming ascent is set to continue over the next decade, with gaming revenues growing from $61.1 billion in 2017 to $200 billion in 2030, according to our forecasts, a more than threefold jump. This forecast is based on our expectation for greater user growth (accounts for one-third of the projected rise in revenues) and increased monetization per user (accounts for the rest).”

Despite the major growth stats in e-Sports UBS indicates that its forecasts are “conservative.”

 

 

 

 

 

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