"Esports Uncovered": Sponsors, the growth fuel
Welcome back to the "Esports Uncovered" series, where we embark on an exhilarating journey to unveil the heroes behind the screens in the world of competitive gaming.
If you are new to the series, you can check our previous articles here:
In this fourth article, we delve into the undoubtedly vital role of esports sponsors in propelling the industry to unprecedented heights. With a current valuation of approximately $1 billion and ever-increasing prize pools for popular games like League of Legends, Dota 2, and Call of Duty, sponsorship deals have become instrumental in transforming international competitions into full-fledged sporting events, attracting resources from both traditional sports and non-endemic industries.
Sponsorship deals took a significant leap in the past years (credits: Marketing Charts 2022)"Esports Uncovered" - The rise of esports sponsors
In summary, sponsors have historically played a pivotal role in supporting traditional sports, from soccer to basketball, to connect with fans and enhance brand visibility.
With the meteoric rise of esports and its booming popularity, brands saw an unparalleled opportunity to tap into a young and engaged audience, comprising a diverse mix of gaming enthusiasts and tech-savvy individuals.
Big brands are no stranger to the esports ecosystem, and that involvement tends to get even higher (credits: Inc42)The impact of sponsorship in esports
Esports sponsorship is far more than just a logo on a jersey; it represents a strategic partnership that significantly benefits both players and sponsors.
By providing financial support, exposure, and resources, sponsors empower teams and players to compete at the highest level.
In return, sponsors gain brand visibility, connect with passionate audiences, and tap into the rapidly growing esports market.
Wherever you look, they'll be there: sponsors get really creative when the subject is showcasing their brand (credits: Critical Hit)
A "win-win" for players and sponsors
The synergy between players and sponsors goes beyond financial transactions; it fosters mutual growth and success.
Sponsors invest in player development, assisting them in becoming esports stars, while players, in turn, become powerful brand ambassadors, championing sponsor values and engaging with the fanbase.
As interest in this partnership increases, companies look for longer commitments to avoid being replaced (credits: Zawya)Examples of Impactful Sponsorships
1. Intel - A pioneer in esports sponsorship
Intel, a tech industry giant, stands as a trailblazer in the world of esports sponsorship. Since 2006, Intel has partnered with ESL to create the Intel Extreme Masters, the longest-running esports tournament in existence.
Intel is one of the most iconic sponsors in esports (credits: ESL)2. Coca-Cola - Fostering a Global Community
Coca-Cola, a household name, has firmly entrenched itself in the esports landscape through sponsorship of the League of Legends World Championship.
In a remarkable display of community engagement, Coca-Cola and Riot Games organized over 200 'watch parties' for the 2016 League of Legends World Championships across the U.S., Canada, and Europe.
Coca-Cola designed esports-related products after joining the community as a sponsor (credits: EsportsInsider)3. Red Bull - Energizing Esports
Red Bull, renowned for its passion and innovation, has emerged as a major proponent of esports. The company initially sponsored tournaments for Blizzard's StarCraft 2 and has since expanded its support to include Dota 2.
Beyond tournaments, Red Bull sponsors both competitions and teams, such as Tempo Storm, leaving an indelible mark on the esports landscape.
RedBull is everywhere when it comes to supporting the esports competitive scene (credits: EsportsAdvocate)The Future of Esports Sponsorship
The future of esports sponsorship holds immense promise for both brands and players. As the esports market continues to grow, so does the potential for sponsors to forge deeper connections with a global audience of passionate fans.
Brands can anticipate greater opportunities to engage with esports enthusiasts through innovative campaigns, events, and content creation.
Conclusion
In this edition of "Esports Uncovered", we talked about how sponsors play a vital role in shaping the competitive gaming landscape, nurturing talent, and empowering players to achieve greatness.
Stay tuned for more captivating insights as we explore the stories of passion, dedication, and triumph that make esports a captivating and ever-evolving realm.