Newzoo has released its 2022 Global Esports & Live Streaming Market Report, which projects that esports will generate $1.38 billion in global revenue during this year.
The figure represents an increase of 22% year-over-year when compared to 2021.
China is responsible for nearly a third of the world’s esports revenues. Southeast Asia, Central Southern Asia, and Latin America are the regions with the fastest growth, with 2020-2025 CAGRs of +27.6%, +23.4%, and +19%, respectively.
The hours that people spend gaming and watching streams on Twitch are also quite staggering, with nearly 20 billion live gaming hours watched. YouTube Gaming was the second largest, with 4.7 billion live gaming hours watched.
Newzoo went on to say that sponsorships are estimated to make up 60% of global esports earnings, to the total amount of $837 million during 2022. And, global esports earnings will reach over $1.86 billion in 2025.
It also provided a demographic breakdown of esports enthusiasts during the year of 2021. It noted that the group is primarily young and male, however women made up 34% of the group. Among the group, 24% are between the ages of 21 and 65, while the remaining 10% are between the ages of 10 and 20.