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A Brief Exposition Into The World Of eSport: Opportunities For Nigeria And The African Continent

A Brief Exposition Into The World Of eSport: Opportunities For Nigeria And The African Continent

In 2018, CNN's A.J. Willingham produced a special feature on eSport, highlighting the industry as an explosive billion-dollar industry. Three (3) years after, the explosiveness of this industry is kicked into higher gears both in worth and participation.

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Statista, a German data company reports that the market value of the global eSport franchise in 2021 was over 1.08 billion US dollars, a 50% increase from the previous year. Additionally, it projects a global market value increase for the sector by the year 2024 to be over 1.62 billion US dollars.

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The continents of Asia and North America reportedly form the largest markets in terms of revenue for the eSport, with China alone accounting for about one-fifth of the market.

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This article attempts an abridged review of the enormous market of eSports, its history and development, in hopes that it will stimulate interest in the potential of the eSports industry in Nigeria and Africa and draw attention to this technology goldmine. Also to present the opportunities that this industry presents which cuts across several sectors, from tech content creators to software engineers, advertising companies, lawyers, gamers, broadcasters, etc.

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