The global esports market is growing rapidly, with increasing participation and viewership around the world. According to a recent market research report, the esports market is expected to reach $1.8 billion by 2023, growing at a CAGR of 9.3% from 2018 to 2023.

In terms of revenue streams, the market can be segmented into three main categories: media rights, advertising, and sponsorship. Media rights, which include broadcast rights and streaming revenue, are currently the largest revenue stream in the esports market. This is due to the increasing popularity of online streaming platforms and the growing number of esports tournaments and events.

Advertising is another important revenue stream for the esports market. This includes advertising from brands and sponsors on the platforms where esports are broadcast and streamed, as well as in-game advertising.

Sponsorship is also a significant revenue stream for the esports market. Brands and sponsors are attracted to esports due to its large and engaged audience, as well as its potential for reaching younger consumers. Sponsorship opportunities in esports include team sponsorship, event sponsorship, and product placement in games.

In terms of regional analysis, North America and Europe are currently the largest markets for esports, driven by the popularity of esports in countries such as the United States, Canada, and Germany. However, the Asia-Pacific region is expected to see the fastest growth in the coming years, driven by the increasing popularity of esports in countries such as China, South Korea, and Japan.

Overall, the esports market is expected to continue growing in the coming years, with increasing investment and sponsorship opportunities, as well as a growing number of tournaments and events.