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The fantasy sports market size is estimated to grow by USD 9.72 billion, accelerating at a CAGR of 6.43% between 2023 and 2027. The growth of the market depends on several factors, including the launch of various apps for fantasy sports through smartphones, high internet penetration, and an increasing number of sports leagues.
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This fantasy sports market report extensively covers market segmentation by Product (fantasy soccer, fantasy baseball, fantasy basketball, fantasy football, and others), Platform (mobile application and website), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
The fantasy soccer segment is estimated to witness significant growth during the forecast period. Fantasy soccer refers to a game in which participants assemble an imaginary team of real-life soccer players and score points based on those players' actual statistical performance or their supposed contribution on the football field. In addition, it comprises eleven players placed in four different positions.
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The fantasy soccer segment was the largest segment and was valued at USD 8.42 billion in 2018. Moreover, the universal appeal of soccer drives the fantasy soccer segment. In addition, the popular soccer fantasy leagues are Draft Fantasy Football, McDonald's FIFA World Cup Fantasy, Fantasy Premier League, and UEFA Champions League Fantasy Football. Furthermore, fantasy sports websites allow users to transfer their players as many times as they wish before the start of the season. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
A key trend in the market is the surging popularity of fantasy football within fantasy sports. This trend involves fantasy football, also known as fantasy soccer, gaining substantial traction by mimicking real-world games and providing various competitive leagues. Major football leagues such as La Liga, Bundesliga, and MLS significantly contribute to the widespread appeal of this sport.
Additionally, fantasy premier leagues mirror official leagues in different jurisdictions, including Fantasy Premier League, La Liga, Bundesliga, and Serie A. Entrepreneurs have capitalized on the growing global demand for a virtual version of football, further positively impacting the market and driving growth throughout the forecast period.
A significant obstacle to market growth is the prevailing negative perceptions surrounding fantasy sports. Many individuals view fantasy sports as a form of gambling, leading to a tarnished reputation for numerous companies. Furthermore, for some participants, fantasy sports act as a lawful alternative to traditional gambling. Numerous studies have indicated that individuals engaged in fantasy sports are more prone to encountering issues related to gambling. The prevailing negative perceptions among the public regarding fantasy sports pose a potential hindrance to the growth of the global fantasy sports market throughout the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The growth of the North American market is propelled by the increasing number of players in the region, with over 50 million fantasy sports participants and ongoing growth driven by enhanced user experiences on fantasy sports platforms. Factors such as the region's affinity for football, robust Internet infrastructure, and higher spending capacity among gamers compared to other regions further contribute to market strength. Notably, major vendors like Activision Blizzard, Electronic Arts, and Microsoft play a key role in offering video games in North America, contributing to the availability of a diverse range of games and advanced platforms. These factors collectively drive market growth in North America throughout the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Dream Sports: The company offers fantasy sports such as Fantasy Football, Fantasy Cricket, and Fantasy Kabbadi.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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Fantasy Sports Market Scope |
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Report Coverage |
Details |
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Page number |
163 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.05% |
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Market growth 2024-2028 |
USD 9.72 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.76 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 37% |
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Key countries |
US, Canada, Mexico, China, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
APKMozo.com, Blitz Studios Inc., Dream Sports, FantasyPros.com, Fantrax, Flutter Entertainment Plc, Fox Corp., GamesKraft Technologies Pvt. Ltd., GDC Media Ltd., Head Digital Works Pvt. Ltd., i3 Interactive Inc., MyTeam11, NFL Enterprises LLC, Paramount Global, Playerzpot Media Pvt Ltd, Premier League Ltd., RealTime Fantasy Sports Inc., Sachar Gaming Pvt. Ltd., Sorare, and Yahoo |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Platform
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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