With the rapid spread of esports, Malaysia has recently seen a breakthrough in the industry, attracting worldwide investment. This article is intended to discuss Malaysia’s esports development and its current prospects for the economy.

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Back to Video Games: Retrospection of E-sports’ Past

The whole e-sports industry dates back to the 1970s when it was mostly considered a part of a video game culture rather than something competitive. However, in 1972, Stanford University hosted the first e-sports tournament in the Spacewar game, offering a yearly subscription to Rolling Stones as a grand prize.

Now, esports consists of special video games with its own set of rules, teams, team managers, coaches, events, trends, and much more. It is not only about the games or players, but the thrill and excitement this realm has to offer. With tech advancements, the world of esports grows exponentially, seeing no obstacles on its way to spread into each and every part of the world.

Impact of Esports on Malaysia’s Economy

Due to the offline hosting of esports events and competitions, the economic benefits for the country are self-evident, especially when it comes to large-scale tournaments that financially contribute to tourism. Thanks to the popularity of esports teams, fans are going to want to travel to watch their performance whereas the hotels and the whole tourist infrastructure such as malls, food and beverage consumption spots, public transport will benefit most.

What is more, such an influx of tourists is expected to increase the employment rate with the creation of new jobs to support the entire ecosystem of the esports dimension. Some of them may include event and marketing managers, referees and so on.

Basically, the principles of traditional sports will apply and will have the same effect on economic viability in Malaysia. However, the country will have to face the big giants of professional esports such as Japan, China, and South Korea, which are considered the leaders of the global market share. Yet considering the fast-paced dynamics of the esports world and increasing amount of investment, any country may take over the market.

Severally Asian countries such as Malaysia, Vietnam, Singapore, Thailand, and the Philippines are promised display huge revenue potential for the next decades as they account for 6% of the Asian game revenue, which equates to 5 million US dollars with around 270 million gamers.

Too Much Potential Without Any Obstacles?

Despite such promising prospects, there are still challenges for Malaysia in the esports sector. One of them is ensuring stability and affordability of the internet and mobile data across the country so that the competitions and streaming could go smoothly. While it may take some years to make the goals possible, other countries might quickly advance their esports infrastructure, attracting talent and investment, which could create a competitive gap.