Published on 27 Jun 2023 on Insider Monkey via Yahoo Finance

10 Best Esports Stocks to Buy Now

In this article, we discuss 10 best esports stocks to buy now. You can skip our detailed analysis of esports companies and the outlook of the sector, and go directly to read 5 Best Esports Stocks to Buy Now. 

Esports refers to competitive video gaming, where professional players and teams compete in various video games for prizes and recognition. In the US, the esports sector encompasses a wide range of activities, including professional leagues, tournaments, team organizations, player contracts, and sponsorships. The sector has seen significant growth and popularity in recent years. Bloomberg mentioned Grand View Research’s data and highlighted that the esports market is expected to grow at a CAGR of 21.9% from 2022 to 2030, reaching $12.5 billion by 2030. The report also mentioned that the sports technology market, which refers to innovation in the field of sports, is estimated to be valued at $55.14 billion by 2023.

The esports industry falls within the gaming sector, which also encompasses video game development, publishing, and streaming platforms. Over the past decade, the gaming industry has seen tremendous expansion and has become a mainstream form of entertainment. The advancements in technology, increased accessibility, and the rise of online gaming have all contributed to the expansion of the market. In our article titled 10 Biggest Gaming Companies in the World by Revenue, we reported that the gaming industry has gained 500 million players in the last three years, reaching a global total of $2.7 billion. We also mentioned Accenture’s data that revealed by the end of 2023, 400 million new players are expected to join.