Introduction
Last updated
Last updated
FORGE YOUR LEGACY
In a world where digital competition has transformed into a global phenomenon, esports stands at the forefront of a revolution that has redefined the way we play, compete, and connect. Multiplayr is an esports infrastructure platform designed to tackle the traditional challenges of the esports industry, ushering in a new era of accessibility, discovery, and competition. As we embark on this journey, let's explore the dynamic landscape of esports and why Multiplayr is poised to make a significant impact.
The Esports Phenomenon
Esports, short for electronic sports, has emerged as a cultural and competitive phenomenon like no other. In recent years, the industry has seen extraordinary growth, capturing the imaginations of millions across the globe. Here are some of the latest facts that illustrate the scope and impact of esports:
Explosive Growth: Esports is experiencing exponential growth, with a global audience that is expected to surpass 495 million people in 2023, according to Newzoo, a leading esports analytics firm. This surge in popularity has transformed esports into a multi-billion dollar industry, attracting investments, sponsorships, and media attention.
Accessibility: Unlike traditional sports, esports offers a level playing field where anyone with an internet connection and a passion for gaming can participate. This inclusivity has not only diversified the participant base but also broadened the audience to encompass a wide range of demographics.
Emerging Talent: Esports is witnessing the rise of new stars who have become icons and celebrities in their own right. Professional players, streamers, and content creators are gaining immense popularity, leading to lucrative sponsorship deals and endorsements.
Esports Ecosystem: The esports ecosystem is multifaceted, encompassing a variety of games, genres, and platforms. From first-person shooters to real-time strategy games, there is a niche for every type of player.
At present, there are few solutions that allow gamers to discover, connect and organize/participate in esports tournaments by themselves. The platforms that do exist are primarily limited to one or two uses. There is no proper esports ecosystem as a whole from businesses to the end user. Moreover, tournament payouts are notoriously slow and can take up to 4-6 weeks, with very little transparency.
The Multiplayr Solution
While the esports industry thrives, it also faces several challenges, including the need for improved player and team discovery, seamless tournament hosting, and comprehensive performance tracking. Multiplayr steps into this landscape as a groundbreaking platform that addresses these issues, offering users a streamlined experience that connects players and teams with the opportunities they seek. Our automated brackets for tournament hosting, coupled with performance-based rankings spanning local to global competitions, present a holistic approach to tracking a team's success in the esports ecosystem.
As we delve deeper into this whitepaper, we will explore the unique features and capabilities of Multiplayr, the technological innovations that underpin our platform, and the opportunities it offers to esports enthusiasts, competitors, and organizers. The future of esports is bright, and Multiplayr is here to empower you on this exciting journey.
The Market
The gaming industry is one of the fastest growing industries in the world, at a compound annual growth rate of 11% year on year. It is expected to grow to $272 billion in 2030. With over 2.9 billion gamers around the world, mobile gaming is the largest and fastest-growing segment in the global gaming market, and will soon account for the vast majority of all global game revenue. The global esports market registered a CAGR of 21% in 2022, generating esports revenue of $2.1 billion in 2022, with the average revenue per fan to grow to $5.27 by 2023. The global Esports audience has reached 540 million in 2022, with 261 million enthusiasts. The majority of the audience and the players of esports are the Millenials. The esports market is still in its initial stage, and with the growing viewership, hence it is expected that it will offer strong potential to capitalize on the market in the future. The Indian esports industry is expected to grow 6x to $140 million by 2027 from $22.3 million in 2022.
