Esport Agency Service Market REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global esport agency service size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.
A service that offers assistance for managing esport players is known as esport agency service. The entire spectrum includes contract negotiations, streaming activities, content development, etc. Also, the agency offers a forum for interaction between the brand and players. For instance, they can provide the chance to produce content in exchange for business payment.
Esport is a type of online sport in which two or more contestants participate in multiplayer online video games. Functionally, it is the same as traditional sports. Esport is a form of competitive video gaming where the participants' talent and professionalism are key. Like professional football players or athletes in their respective sports, the pro gamers who competed at this level are very knowledgeable about the games and experts in them. The esport players can either play one on one against another or in teams.
COVID-19 Impact: Boredom during Pandemic Led to the Adoption of Esports
The pandemic outbreak increased the adoption of esports, which led to the expansion of the esport agency service market growth. The pandemic hampered various industries. The tournaments and leagues were postponed due to the spread of the virus. The postponement of sports events led to the adoption of esports. The population was bored of staying indoors and, thus, adopted esports, which led to the rise in demand for esport agency service market growth.
LATEST TRENDS
"Rising Popularity of Esport among Youngsters to Augment Market Growth"
Due to the rising popularity of esports among young people, expanding digitalization, and an increase in online streaming platforms, the market for esport agency services is anticipated to expand throughout the estimated period. Esports is all about playing club video games and competing in electronic sports, including athletics. The esports agency offers a range of services, including developing products, coaching, sponsoring, marketing, cultivating client relationships, negotiating contracts, producing events, and managing players' social media accounts. However, the market expansion may be hampered by the frequent legal disputes involving the market for export agency services.
Esport Agency Service Market Segmentation
-
Request a Free Sample to learn more about this report
- By Type Analysis
By type, the market is segmented into athlete and club services.
- By Application Analysis
Based on application, the market is classified into match agent and player intermediary.
DRIVING FACTORS
"Expansion of Live Streaming of Games to Surge Service Demand"
The market is expanding due to noteworthy investments, increased live streaming of games, rising viewership, engagement levels, and infrastructure for league tournaments. The market is gaining from expanding revenue possibilities as organizers, influencers, and game developers specialize more in their respective fields. Electronic sports are a viable career option due to the impressive global prize pool and streaming revenue. Colleges and universities have also started to give specific programs designed to create skilled professionals.
"Growing Per Capita Income of the Population to Spur Market Growth"
The increasing per capita income of the population is estimated to spur market growth. Influencers, event planners, gamers, and game developers gain from the lucrative prospects made possible by the industry's growing professionalization. The growing popularity of gaming competitions, one-to-one sponsorships, streaming earnings, and significant international prize pools have led millennials to perceive esports as a viable professional career option. Colleges and universities have also begun offering specialized esports programs to create qualified professionals.
RESTRAINING FACTORS
"Game Fixing Threats May Impede Market Growth"
The lack of standards and dangers like betting and gambling restrict market expansion. Furthermore, during the projected period, prominent players' long-term investment initiatives and increased competitions and events offering sizable prizes will generate profitable market prospects.
Esport Agency Service Market REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"North America to Dominate the Market Due to the Rising Investment on Online Games"
North America is expected to lead the esport agency service market share due to the increasing growth and investments in online games and services. The region is working on developing an ecosystem by arranging esports tournaments for students, which require esport agency services.
Asia Pacific is likely to show significant growth owing to the rise in mobile gamers and internet users. The companies are also offering jobs as professional esports operators and managers.
KEY INDUSTRY PLAYERS
"Key Companies to Emphasis on the Development of Advanced Technology"
Key market players are investing heavily on research and development of the product. Companies are also paying focus on launching advanced products. Emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market.
List of Market Players Profiled
- Upfluence (France)
- Viral Nation (Canada)
- Ader (U.S.)
- Flood Interactive (U.S.)
- Knowscope (U.S.)
- Game Influencer (Germany)
- CheeseCake Digital (U.S.)
- Foreseen Media (Taiwan)
REPORT COVERAGE
The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.
Frequently Asked Questions
-
Which region will lead the esport agency service market?
Based on our research, North America is expected to lead the esport agency service market.
-
What are the segments of the esport agency service market?
By type, the esport agency service market is segmented into athlete and club services. Based on application, the market is classified into match agent and player intermediary.
-
Which are the driving factors of the esport agency service market?
Expansion of live streaming of games to surge service demand and growing per capita income of the population to spur market growth are the factors driving the esport agency service market.
-
Which are the top companies operating in the esport agency service market?
Upfluence, Viral Nation, Ader, Flood Interactive, Knowscope, Game Influencer, CheeseCake Digital, and Foreseen Media are the top companies operating in the esport agency service market.
