China’s live-streaming and e-sports industries will witness a boom in development in 2018, according to a report released by Deloitte Consulting.
China’s live-streaming market is estimated to reach 4.4 billion U.S. dollars by revenue next year, up 86 percent from 2016. Worldwide, the live-streaming revenue is expected to hit 7.4 billion dollars, according to the report.
In the e-sports industry, the global market is forecast to exceed 1 billion dollars in 2018. It was worth 325 million dollars in 2015.
In 2016, global fans watched an estimated six billion hours of e-sports content, while Chinese fans accounted for half of that e-sports viewing. China’s e-sports industry will make up no less than 50 percent of global market share in 2018, the report said.