If there is one positive notion that we can pull from the COVID-19 pandemic, it’s that it has been instrumental in the enhanced development of digital markets across several industries. People and companies worked at double-pace last year to fast-track online innovation in a bid to survive the harsh times we were all facing.
The e-sports industry has been one of the most significantly affected markets of them all. While it was already an emerging industry prior to 2020, it is now one of the fastest-growing markets on the globe, attracting an impressive and ever-climbing investment following.
Even though we have all turned a new page in 2021 and seem to be heading away from the peak of the pandemic, the momentum is set. The mobile e-gaming gravy train is travelling at full speed ahead. Educated estimates predict that this fresh and fast-paced gaming market should reach a market capitalisation of around $13 billion by the time 2025 rolls around.
Players to the Party
There are some notable players in the gaming industry now that pave the way for these successes. Each is receiving great support in the public space, as investors push to get their slice of an obviously rewarding pie.
Mobile gaming is a big drawcard for the playing public, who aim to keep themselves entertained while they observe social distancing protocols. To cater to the growing demand of consumers, many of the most influential parties involved in the transformation of the industry have gone public on stock exchanges, like the NASDAQ and NYSE.
Skillz Inc managed a whopping valuation of $3.5 billion when it joined the NYSE in December, blazing a trail for the market and positioning itself for enhanced growth. Esports Entertainment and Esports Technologies are both leading betting platforms for the e-sports market. Both have witnessed a notable boost as a result of their NASDAQ listings.
Perhaps the biggest industry shaker at the moment is Unity Software Inc, which is piggybacking their line of mobile games on a brand-new Tournament Managing Platform (TMP) designed by GoodGamer Corp.
The platform provides Unity Software’s iOS and Android mobile games integration an opportunity to offer real-money competitions and tournaments for their skill-based video games. This is a tremendous engagement tool that caters perfectly to the current gaming market and offers budding players a competitive environment to make their newfound hobbies more lucrative and satisfying.
GoodGamer will soon launch its stocks on the Toronto Venture Exchange in an amalgamation effort with Credent Capital Corp. This move comes with a realistic expectation of imminent popularity amongst heavyweight investors. The company CEO, Charlo Barbosa released a statement:
"We're very excited about the North American beta launch of our e-sports tournament management platform and the closing of our $4 million funding round and GoodGamer's upcoming listing on the TSX Venture Exchange. The online gaming industry has exponentially grown due to COVID-19 as more people stay at home and play mobile games to entertain themselves. This market is ripe for another player to enter this fast-paced industry."
GoodGamer is no newbie to the mobile e-gaming sector either. Their launch of a Daily Fantasy Sports and E-sports Gaming app in India last year, ahead of their IPL 2020 season, mustered 250,000 registrations in its first month and has doubled in size since.
Humble Opinions Matter
While we are not a financial advisory website, it doesn’t take an expert to see where the money lies in the forthcoming future. Those looking for a good investment should perhaps look to this digital realm and conduct a little more research into the numbers.
From where we are standing, this could be the next online market leader. If the rise of the digital gambling age is anything to go by, e-sports and its affiliated connections are set to revolutionise both the sporting and betting industries.