Revenue of Qatar's E-sports Industry Expected to Reach $125.7 Million in 2024

Revenue of Qatar's E-sports Industry Expected to Reach $125.7 Million in 2024 By Nabilah Fairuz Shofa - August 08, 2024
Gaming Hub in Qatar

Gaming Hub in Qatar

Qatar's esports industry is experiencing significant growth, with market revenue expected to reach $125.7 million in 2024, according to recent data from Statista, an online platform specializing in data analysis and visualization.

The report also forecasts an annual growth rate (CAGR 2024–2027) of 6.75%, which would increase the market size to $152.9 million by 2027.

Additionally, the number of esports users in Qatar is anticipated to surpass 436,000 by 2027, with a user penetration rate projected at 12.7% in 2024, rising to 13.6% by 2027.

The Qatar Esports Federation (QESF) has played a key role in nurturing the esports ecosystem, with strong government support facilitating tournaments, nurturing local talent, and forming partnerships with international esports organizations. Qatar's advanced infrastructure, including high-speed internet and world-class facilities, provides an ideal environment for esports to flourish. Investments in cutting-edge esports arenas and training centers are further strengthening Qatar's status as a regional esports hub.

Qatar's strategic move towards economic diversification has made esports a promising growth sector.

Statista also highlighted that within Qatar's esports market, mobile games represent the largest segment, with a projected market size of $47.24 million in 2024.

Globally, China is expected to lead the esports market with a projected revenue of $94.49 billion in 2024. In Qatar, the average revenue per user (ARPU) in the esports market is estimated to be $323.20 in 2024, driven by the rising popularity of mobile gaming among tech-savvy youth.

In 2022, the global esports industry was valued at $1.39 billion and is expected to grow by 16.7% annually from 2022 to 2030, indicating a positive outlook for the future of esports in Qatar.

Khalifa Al Haroon, Executive Director of QESF, emphasized that Qatar's commitment to esports through infrastructure and talent development aligns with its vision to become a global hub for competitive gaming and digital innovation.

"Qatar is fostering local talent and solidifying its presence in the global gaming and digital space. In the GCC, there's a focus on unity, collaboration, and healthy competition. Through initiatives like GamersAid, we're working together to elevate the esports industry worldwide," Al Haroon shared during a recent interview on Qatar's leading sports podcast, "In The Game."

Recently, QESF and esports production company ESB signed a memorandum of understanding (MOU) to launch a $2.6 million Dota 2 league, with the first of three events taking place in April in Doha.

"Qatar is positioning itself as a major player in the esports market, which aligns with its vision of being a significant force in global sports. The industry has seen rapid growth, and Qatar is capitalizing on the evolving sports landscape. With strategic initiatives like Qatar SportsTech and its accelerator program, Qatar is proving its global relevance and is just beginning—there's more to come," said Steve Mackie, host and producer of the "In The Game" podcast.

Mackie added that esports in Qatar are on a strong upward trend, fueled by strategic investments, robust institutional support, and a passionate gaming community. "As Qatar continues to embrace and develop this burgeoning industry, it is poised to become a key player on the global stage," he said.

By Nabilah Fairuz Shofa - August 08, 2024

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