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The global esports market is expected to reach $1,860.2 million by 2026, registering a 15.1% CAGR from 2021. Furthermore, Insider Intelligence estimates that monthly esports viewers will be around 26.6 million in the United States this year. Given this backdrop, we think it could be wise to scoop up shares of famous players in this space Activision Blizzard, Inc. (ATVI) and Electronic Arts Inc . (NASDAQ:EA), because they have robust growth potential.
However, with the rapid rollout of vaccines and easing restrictions, consumer spending is increasingly shifting toward outdoor recreation. So, we think fundamentally weak stocks in this space, Esports Entertainment Group, Inc. (GMBL) and Super League Gaming, Inc. (SLGG), might struggle to advance.
