In the professional game streaming industry, there are quite a few big names with millions of followers, making millions of dollars through subscriptions, advertising, and brand endorsements. Some of these players have managed to win a few millions before they even turned 20 years old. However, your earnings will increase even more this year.
According to data presented by Sports Lens, professional gaming streamers are expected to earn more than $100 million by 2023, or 22% more than last year.
Highest annual revenue growth ever
The industry of watching other people play video games continues to grow in popularity. In 2020, when stay-at-home rules and COVID-19 restrictions made live streaming even more appealing to millions of people, Twitch, YouTube Gaming Live and Facebook Gaming reached 28.7 billion hours watched, up 81 % more than before the pandemic. 2021 saw 21% growth, with 34.6 billion hours watched across the three streaming platforms.
The growing demand for game streaming content, as a central part of the gaming experience for many, led to impressive growth in game streaming revenue. According to a Statista survey, professional eSports players and registered streamers earned around $51 million in 2019. This number increased more than 50% in the next two years, reaching $78.4 million in 2021. Last year $87.3 million in professional game broadcast revenue was recorded. , 11% more than a year before.
However, 2023 is expected to witness the highest annual revenue growth, with streaming revenue expected to rise 22.3% to $106.9 million.
The following years will witness equally impressive growth. Statista expects streaming revenue to grow another 18% to $126 million by 2024. By 2025, the entire industry is poised to reach a market volume of nearly $145 million.
More than 580 million people will watch game streaming content in 2023
Statista data shows that more than 30% of global professional game streaming revenue comes from China. The world’s largest streaming market is expected to reach a market volume of $32.1 million this year, up from $25 million a year earlier.
The United States was in second place with $14.8 million in revenue and a 13% market share. It is followed by Mexico, Canada and India, with $9.5 million, $4.5 million and $4.3 million in game streaming revenue, respectively.
In addition to the impressive revenue growth, the game streaming market will also witness a substantial increase in users. Last year, around 526 million worldwide watched game streaming content. This number is projected to grow 10% year-over-year to 580 million by 2023. By 2025, the entire market is expected to reach nearly 665 million people worldwide.
