Felton Industries is Australia’s leading designer, manufacturer and supplier of quality outdoor furniture and has been supplying premium seating solutions for all sporting, commercial, community…read more
PwC report predicts Australian gaming and esports market to grow by 7% a year
While may sectors have struggled during the Coronavirus pandemic, a new report from global consultants PwC has shown that the gaming and esports sector has prospered this year with the market expected to grow 7% each year over the next four years.
PwC’s newly released Australian Media and Entertainment Outlook report forecasts that the interactive gaming and esports market will grow from $3.18 billion in 2019 by a 6.87% CAGR to 2024, based on a midpoint scenario.
This growth is driven largely by app-based games and esports, with mobile gaming revenue accounting for 31.7% of total video games consumer revenue in 2019.
The report advises “higher smartphone ownership (though this market is now essentially saturated), more capable devices, and better monetisation strategies have all contributed to greatly increased revenue from mobile games, but the phase of rapid expansion is coming to an end.”
Australia’s esport revenue was $5 billion in 2019, up from $1 billion in 2015, and is forecast to reach $8 billion by 2024. Esports became increasingly popular during the pandemic as an alternative to in-person events, with livestreams such as the V8 Supercars All Stars Eseries.
Click here to view the Australian Media and Entertainment Outlook report.
25th September 2020 - City of Wagga Wagga launches inaugural inter-city esports challenge
20th August 2020 - Monash University to support student eSports gaming
18th July 2020 - Eden Park to become New Zealand’s home of esports
3rd May 2020 - Five people charged in esports investigation
1st April 2020 - KONKA announces partnership with esports media company
13th March 2020 - Australia’s largest esports arena opens in Melbourne
13th March 2020 - 2020 Sports Technology Awards recognises MotoGP eSport Championship
11th March 2020 - Seven Network partners with esports media company
28th January 2020 - Vodafone New Zealand sponsors esports events across Australasia
24th December 2019 - Fortnite esport event returns to Australian Open
16th September 2019 - NRL partners with esports media company to evolve Grand Final week
30th August 2019 - MotoGP eSport continues to expand
15th August 2019 - Gfinity Esports Australia to close
2nd August 2019 - Money In Esports Summit coming to Sydney
27th June 2019 - China esports market value to hit US$1.9 billion this year
31st May 2019 - New guide explores the future of esports venues
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
@leisure is a team of experienced leisure, aquatic and sports facility managers and planners, with market modelling, sports management, recreation planning, business and GIS qualifications. We have…read more
With industry leading solutions in design and durability you can improve your facilities with our access control operations, payment systems and flexible personal locker storage solutions. Your…read more
SimplySwim is a school management solution that helps swimming school owners and managers optimize operations by automating functions such as managing class schedules, billing and…read more
Email for trade enquiries: Enquiriesapac@myzone.org Customer support desk - Click Myzone support or go to ‘help’ on myzone app to access live support. Myzone® is the leading…read more
TJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide. Our…read more
SPORTENG specialises in the Planning, Design and Construction inspection of Fields of Play for all sports. Blending engineering with the specialist knowledge gained from working closely with sport…read more
BioGuard is Australia and New Zealand’s most trusted supplier of premium, innovative and affordable commercial water treatment systems and chemicals. BioGuard offers a comprehensive range of…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!