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The Government of Japan Is Going to Boost the Esports Sector to $142 Million by 2023

31 March 2020, 12:34
Votes: 1

As it has been revealed, Japan has extensive plans for the promotion of the esports sector. The country is going to focus on this market and involve gaming companies and other industry-related experts in it to increase its revenue. Read more business esports news to know about the latest esports events.

The Government of Japan Is Going to Boost the Esports Sector to $142 Million by 2023

Despite the fact that Japan is the motherland of such game development companies as Konami and Nintendo, strict regulations in the country don’t allow the industry to strengthen its position and develop further. Even the increasing number of Japanese players (now it is more than 125 million people) can’t save the situation.

The government representatives are sure that only efficient strategy can improve the performance. The main aim of the initiatives is to improve the situation in the sector by holding more tournaments and protecting the copyright of gaming product developers.

Japan sets high financial objectives

The country has much to do to stimulate esports and propel the market to the next level. First of all, the government should promote the usage of 5G and support video games startups and other companies which take their first steps in the industry. Within the current plan, Japan is going to increase the revenue from tournaments and advertising to more than $2.5 billion by 2025, and the total market revenue – to $142 million by 2023.

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