Featured image by Byronton on Pixabay

There are many industries to consider before choosing where to invest your money. However, out all the industries you could choose to invest in, one that is often discussed is the eSports industry. Though it seems to have recently popped up in recent years, it is actually older than most people think. With this area growing, this could be a great opportunity to invest this year.

RELATED ARTICLE: ARE PUBLIC INVESTMENT FUNDS HELPFUL FOR SMALL BUSINESS?

A Growing Market

The eSports market has shown phenomenal growth over the past few years. And, its growth is predicted to increase further. The release of certain big titles and the improvements to accessibility means that amateurs have plenty of chances to play in tournaments and other competitive arenas.

Thus far, it is estimated that there will be 26.6 million monthly eSports viewers in 2021. This is 11.4% higher than in 2020. Furthermore, we are unlikely to see any signs of this growth slowing down. Just as more people are choosing to watch eSports, so are those choosing to engage with them.

Interesting Opportunities

The growth in the eSports industry has brought on an increased need for investment across multiple areas. Many industry leaders and entrepreneurs like Tej Kohli and Mark Cuban are exploring the opportunities available to them as things continue to grow and potential investments emerge.

There are two avenues of investment here that most entrepreneurs are looking into. The first is the eSports teams themselves. For example, investments into an eSports team can make improvements to the team itself and help the players achieve their goals, similarly to traditional sports teams. On top of this, the arenas themselves are an investment opportunity as well.They are able to create a fantastic venue that can be used for much more than just eSports.

Mainstream Broadcasting

As the world of investments has grown, so has mainstream interest in them. Broadcasting eSports games used to take place on platforms like Twitch and YouTube. This is not going to change anytime soon. In addition to streaming competitions, these platforms allow players to interact with their audiences on a much closer basis.

However, we are now seeing mainstream media broadcasting eSports. As the interest around these games has grown, so has the industry as a whole. It has evolved from a sector loved by a few, to an industry enjoyed by mainstream audiences. Choosing to invest at this key crossover period could produce some interesting results further down the line.

RELATED ARTICLE: 6 COMMON INVESTMENT ERRORS THAT CAN COST YOU

Final Thoughts

If there was a time to consider investing in the eSports industry, it would definitely be now. There are many interesting points to remember here, and many different opportunities presenting themselves.

As eSports begin to occupy a more mainstream role in society, these opportunities might become more difficult to find. If you are searching for the perfect time to investigate what the eSports industry might hold for an investor, now is the ideal time to do it.

RELATED ARTICLE: FINDING THE RIGHT PROPERTIES TO INVEST IN