E-sports in Singapore
Gaming has evolved beyond being a hobby, as more and more people consider it a viable career option. Singapore’s games and E-sports market was estimated to have grown 15% between 2019 and 2020. According to the statements from government agencies, there are currently around 220 gaming companies in the country. It includes major local players like Sea Ltd.’s Garena Online Pvt. and startups like yup.gg and Storms.
The 2021 Mobile Legends: Bang Bang M2 World Championship, which featured two Singaporean teams, was hosted in Singapore with the support of the Singapore Tourism Board. The prize for the winner was over $400,000. In May, Singapore hosted the Free Fire World Series, which garnered a peak viewership of 5.4 million — the highest-ever for any E-sports match outside of Chinese platforms. The E-sports industry is expected to grow fast and is attracting investments and increasing numbers of E-sports and gaming startups.