Esports is fast becoming one of the most lucrative industries globally, with a global market value projected to reach $1.5 billion by 2023. In an interview with a co-founder of a leading esports organization, several challenges facing the industry were highlighted. These include the difficulty of attracting sponsors to embrace esports fully. Building a professional ecosystem that can sustain itself is also a significant challenge that requires stable career paths, sustainable business models, and providing better conditions for players, coaches, and support staff. The esports industry remains optimistic about its future, with predictions of continued growth and increased emphasis on creating a professional ecosystem.
Interview with a Co-Founder of a Leading Esports Organization
Esports has been gaining significant traction over the years, and it is fast becoming one of the most lucrative industries worldwide. With a massive global audience and a market value projected to reach $1.5 billion by 2023, esports has become a force to be reckoned with in the entertainment industry.
In light of this, we sat down with the co-founder of one of the leading esports organizations in the world, to get an insider’s perspective on the industry, the challenges, and the future of esports.
The Co-Founder’s Background and Experience
Our co-founder has been involved in esports management for over a decade. He has a wealth of experience in the industry, having managed and coached professional esports teams in several games, including Dota 2 and League of Legends.
He co-founded his current organization in 2016, and since then, has built it into a leading esports brand with a global presence.
The Challenges Faced in the Esports Industry
As with any industry, esports has its fair share of challenges. Our co-founder pointed out several challenges that the industry faces, including:
- Attracting sponsors – While esports has grown significantly over the years, traditional sponsors are yet to fully embrace the industry. This can be attributed to several factors, including the perception that esports is just a niche industry.
- Building a professional ecosystem – One of the biggest challenges that the industry faces is creating a professional ecosystem that can sustain itself. This includes providing a stable career path for players, coaches, and support staff, as well as creating sustainable business models for teams and organizations.
- Regulating the industry – With the growth of esports comes the need for regulation. This includes player contracts, player transfers, doping, and governance.
The Future of Esports
The future looks bright for esports, and our co-founder is optimistic about where the industry is headed. He predicts that over the next few years, esports will continue to grow at a rapid pace, with more traditional sponsors joining the fray.
He also believes that esports will become more mainstream, with a larger audience tuning in to watch tournaments and competitions. This, in turn, will lead to the creation of more big-budget events, with bigger prize pools and more extensive media coverage.
Finally, he believes that with the growth of esports, there will be an increased emphasis on creating a professional ecosystem that can cater to players, coaches, support staff, and fans. This includes creating a stable career path, better salaries and working conditions, and sustainable business models for teams and organizations.
Conclusion
It was fascinating to hear from a co-founder of a leading esports organization on the challenges and opportunities in the industry, and the predictions for the future of esports. As the industry continues to grow and mature, it will be interesting to see how it develops, and whether it can become one of the most dominant entertainment industries worldwide.