E-Sports and Online Gaming: Boosting E-Commerce
- 2 years ago
E-sports, being a new sport of the information technology age, is fraught with many challenges. Further with the nature of E-sports being a non-physical sport, many cyber athletes have not considered the benefits of physical training and conditioning when training for E-sports. More than just an online phenomenon or a niche interest, it is a growing sporting industry with hundreds of investors, sponsors, and advertisers.
“The Philippine E-sports market is home to over 43 million active gamers, steadily increasing by 12.9% yearly since 2017. This growth is supported by the growing accessibility of smartphones and mobile internet. Leading the gaming sector is Mobile Legends, one of the country’s most popular Multiplayer Online Battle Arena (MOBA) games, which reached a whopping peak of 2.65 million active users daily in April 2019, and has grown consistently at a CAGR of 8.78% over the past five months,” this report from YCP Solidiance, an Asia-focused strategic advisory firm with 17 offices across Asia, North America and Europe, in June 2021.
E-sports is not to be confused with online gaming under PAGCOR which includes virtual poker, casinos, sports betting and E-bingo.
Online gaming is a flourishing industry in the Philippines, with revenues showing exponential growth in 2020 compared to the previous years. Gaming, either through consoles, mobile, or PC, has been gaining traction among Filipinos, especially among the younger generation. Although there is a strong preference in using mobile phones for gaming, largely due to the accessibility of low-cost smartphones and mobile internet infrastructures, there remains a market for gaming consoles. The mobile games segment was expected to continue growing in the next five years, with forecast revenues reaching as much as 1.52 billion U.S. dollars in 2025 reports Statista Research Department in Nov. 30, 2021.
PAGCOR oversees the Philippine gaming industry through strict regulation of all persons, locations, practices and related activities. Other than land-based casinos, there are licensed gaming sites around the country offering electronic games, bingo games, and sports betting.
“The Philippine E-sports market is home to over 43 million active gamers, steadily increasing by 12.9% yearly since 2017. This growth is supported by the growing accessibility of smartphones and mobile internet. Leading the gaming sector is Mobile Legends, one of the country’s most popular Multiplayer Online Battle Arena (MOBA) games, which reached a whopping peak of 2.65 million active users daily in April 2019, and has grown consistently at a CAGR of 8.78% over the past five months,” this report from YCP Solidiance, an Asia-focused strategic advisory firm with 17 offices across Asia, North America and Europe, in June 2021.
E-sports is not to be confused with online gaming under PAGCOR which includes virtual poker, casinos, sports betting and E-bingo.
Online gaming is a flourishing industry in the Philippines, with revenues showing exponential growth in 2020 compared to the previous years. Gaming, either through consoles, mobile, or PC, has been gaining traction among Filipinos, especially among the younger generation. Although there is a strong preference in using mobile phones for gaming, largely due to the accessibility of low-cost smartphones and mobile internet infrastructures, there remains a market for gaming consoles. The mobile games segment was expected to continue growing in the next five years, with forecast revenues reaching as much as 1.52 billion U.S. dollars in 2025 reports Statista Research Department in Nov. 30, 2021.
PAGCOR oversees the Philippine gaming industry through strict regulation of all persons, locations, practices and related activities. Other than land-based casinos, there are licensed gaming sites around the country offering electronic games, bingo games, and sports betting.