As per the recent reports, the eSports market has seen rapid growth in the previous years. eSports revenue was about $100 in 2012, and in a few years, it has climbed to more than a billion in 2018. The growth is expected to see an increase up to almost double by 2023. Survey finds that about 80% of the revenue came from sponsorships and advertising. The eSports betting, prize pool, merchandise, tournaments, and ticket sales amounted to rest of its total revenue. The largest eSports market represents from North America and Asia.

During the 1990s, the game relied on high scores to determine the best player or declare winner, later when games like Street Fighter and Marvel vs. Capcom were developed, and it allowed two players to compete in a game. It led the foundation of international Evolution Championship Series eSports tournament in 1996. The Esport culture has slowly evolved in the 1990s, tournaments were slowly hosted in some states, and it was later broadcasted on television.

The South Korean esport was thought to be the greatest influence in the esport market during the 2000s. The country promoted and regulated esports in 2000 by the Korean eSports Association. The Esport has seen a tremendous increase in growth in popularity and tournament prize money in the 2010s. There are about ten major tournaments worldwide in 2000, and it has counted up to 250 tournaments hosted by 2010.

By this year, it is estimated that about 400 million people will be spectating different types of esport tournaments. The availability of streaming media like YouTube and Twitch has helped in the promotion of esport events. The gaming market with revenue of $100 billion worldwide across all platforms, the esport is predicted to see greater growth in the future. For more information please visit https://www.shurigames.com/

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