Analysts have recently noted that investors are starting to recognize that the esports industry is picking up and could be worth around $138 billion by the end of the year.
Triogem Asset Management’s Tim Seymour said that the video game industry is changing the landscape for media companies, as well as how people engage in sports. He added that beside the excitement, the industry also attracts all demographics.
Meanwhile, esports commentator Alex Mendez also pointed out that global nature of the industry helped its rapid growth since players can compete from just about anywhere.
According to a recent report by market research firm Newzoo, the industry grew as much as 13.3 % from last year, which is roughly around $16.2 billion.