The global demand for Fantasy Sports Market is presumed to reach the market size of nearly USD 68.41 MN by 2028 from USD 25.88 MN in 2021 with a CAGR of 14.9% under the study period 2022 - 2028.
Fantasy sports are online game platforms in which players manage and draught virtual teams of real professional athletes. Over the course of a sports league or season, users compete against each other's fantasy teams. The user with the most points gets money based on the performance of real professional sports players. Fantasy sports are often known as rotisserie sports or roto. A player can gain fantasy points based on real-life sports data. These games are played on the internet, and the teams compete against one another based on statistical performance, just like in real sports.
Market Dynamics
Fantasy sports software provides a more affluent, more comfortable, and enjoyable gaming experience. These apps allow players to join public leagues, establish private leagues, and access features such as performance monitoring, player rankings, material design, projections, mock draughts, and more. The demand for fantasy sports apps will rise significantly as internet penetration and smartphone use rise, bolstering the growth of the global fantasy sports industry. Moreover, due to the availability of low-cost smartphones and fast lowering data costs across the country, average data use per subscriber has increased dramatically. This expansion of digital infrastructure, together with the availability of high-speed internet at reasonable prices, supplements the growth of the fantasy sports market. Also, high transparency, fair playing standards and regulations, and secure payment channels result in increased customer confidence among fantasy sports platform users, further augmenting the market growth. However, developing economies' lack of technical infrastructure may stymie industry expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of fantasy sports. The growth and trends of fantasy sports industry provide a holistic approach to this study.
Market Segmentation
This section of the fantasy sports market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Demographics
- Under 25 Years
- 25 - 40 Years
- Above 40 Years
By Sports Type
- Football
- Baseball
- Basket Ball
- Hockey
- Cricket
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Fantasy Sports market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Fantasy Sports Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fantasy sports market include Dream Sports, DraftKings Inc., fantacalcio, Fanduel (Flutter Entertainment), Rotoworld, FantasyPros, Rotowire, Fantrax, Sportech Inc., and NFL Fantasy. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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