The fantasy sports market size is expected to reach more than $1.5 billion by 2024, growing at a CAGR of more than11% during 2018–2024.
Increasing strategic collaborations and partnerships with diverse stakeholders, growing advertising and marketing spend, and rising interest of millennial are the major factors responsible for the increased growth of the fantasy sports market. A major factor driving the growth of the fantasy sports business is the rise in the number of sporting events organized worldwide. The urge to participate in a sport event rather than view it has raised the bar of the market significantly. Technological advancements, coupled with the availability of streaming partners, are further driving the fantasy sports market.
The growing popularity of OTT platforms is expected to augur well for the fantasy sport segment. The OTT sports experience is set to observe innovation, which is mainly driven by fantasy sport business. Fantasy sport and OTT platforms have become an apt match for the overall entertainment business. With the growth in streaming service providers and digitalization, fantasy sport is expected to receive a major boost.
This research report on the fantasy sports market covers market sizing and forecast, market share, industry trends, growth drivers, and vendor analysis. The market study includes insights on segmentation by sports (football, soccer, basketball, baseball, hockey, golf, cricket, and other fantasy sports), gender (male and female), and geography (North America, APAC, Europe, Latin America, and MEA).
The study considers the present scenario of the fantasy sports market and its market dynamics for the period 2018?2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and examines leading companies and other prominent companies operating in the market.
Fantasy Sports Market: Segmentation
This market research report includes a detailed segmentation of the market by sports, gender, and geography. The worldwide popularity of football is a major reason for the highest share of the fantasy football segment. The segment captured around half of the fantasy sports market in 2018. The extensive fan engagement is another a major factor that is driving the fantasy football market segment. Strategic partnerships and the launch of supporting products across fantasy platforms have raised the standards of fantasy basketball in major playing countries.
As men have historically been receptive to sports and outdoor games, the male segment accounts for the highest share in the fantasy sports market by gender. However, over the last few years, the female population in fantasy sport has witnessed a reasonable surge. The growing number of women-centric sports events and the increasing awareness about games among womenfolk are the factors boosting market growth of female sports segment.
Market Segmentation by Sports • Football • Soccer • Basketball • Baseball • Hockey • Golf • Cricket • Other fantasy sports Market Segmentation by Gender • Male • Female
Fantasy Sports Market: Geography
The growing affinity toward sports business and the increase in tech-savvy customers have contributed to the incremental growth of the industry in North America. Several states in the US - Arkansas, Colorado, Indiana, Maryland, Massachusetts, Missouri, New York, Virginia, and Vermont - have legalized the DFS format, which is likely to boost the sports in the US during the forecast period. Further, with the ease in regulation across the US, technological advancements backed by strategic partnerships are expected to increase the fantasy sports market value in the US.
The rising inclination toward diverse sports categories and the influx of global vendors with innovative offerings are driving the Europe fantasy sports market. The fantasy sports market in India, China, South Korea, Indonesia, and Japan is witnessing a high surge in demand due to the increasing millennial engagements in sports, growing digitization, and the rising number of sporting events in developing countries. The Latin American fantasy sports market offers reasonable opportunities for vendors. Vendors are opting for diverse marketing strategies by developing online platforms to cater to the untapped audience in the region, which will have significant market growth in the coming years.
Market Segmentation by Geography • North America o US o Canada • APAC o Australia o India o China o South Korea o Indonesia o Japan • Europe o Germany o UK o France o Italy o Spain • Latin America o Brazil o Argentina o Mexico • MEA o South Africa o Saudi Arabia o UAE
Key Vendor Analysis The global fantasy sports market is currently undergoing several transformations from being consolidated to fragmented. Vendors catering the market have a vast range of opportunities to capitalize upon. They are also focusing to maintain certain basic fan requirements such as security, transparency, fantasy insights, interactive user interface, and technological leverages. Further, vendors are looking forward to expanding in new regions and countries, depending upon demand growth and trying to utilize maximum digital fan-centric content creation to capitalize upon the exponentially growing market.
Key Market Insights • Offers market sizing and forecast and growth prospects. • Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the market. • Includes a detailed analysis of market growth drivers, challenges, and investment opportunities. • Delivers a complete overview of market segments and the regional outlook of the market. • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the market.
Our reports have been used by over 10K customers, including:
Abstract Global Sports Betting & Lotteries The Global Sports Betting and Lotteries industry consists of operations providing gambling services such as sports betting and lottery contests. While it is possible to wager small amounts for sporting events, gambling is considered a discretionary purchase for consumers,...
The casino gaming equipment market is expected to reach more than $9 billion by 2024, growing at an impressive CAGR of around 6% during 2018–2024. The growing demand for mass-market gaming equipment, the increasing number of live casinos, the high adoption of AR and VR in gambling, and increasing innovations in slot machines are some...
The North America casino gaming equipment market is expected to grow at a CAGR of over 5% during the period 2018–2024. Growing demand for mass-market gaming equipment, increasing demand for electronic gaming tables, growing adoption of AR and VR in gambling, and innovations in slot machine designs are the factors that are likely to...
174 pages •
By Infiniti Research Limited
• Oct 2019
Global Gambling Market: About this market This gambling market analysis considers sales from lottery, betting, and casino types. Our study also finds the sales of gambling in APAC, Europe, North America, South America, and MEA. In 2018, the lottery segment had a significant market share, and this trend is expected to continue...
The global steam cleaner market is expected to grow at a CAGR of approximately 6% during the forecast period 2018-2024. The awareness to decrease usage of harmful chemicals and their presence in runoff water is a major factor for the growth of the global steam cleaner market. The rise in construction, hospitality, commercial, and retail...
The pro microphone market is expected to grow at a CAGR of over 2% during the period 2018–2024. Growing convergence of Pro AV and IoT, the emergence of networked audio technology, increased demand from corporate, government, and institutions sectors, growth in music production and recording industry are the factors that are expected...
The board games market is expected to grow at a CAGR of over 10% during the period 2018?2024. Board games are considered as one of the best ways to leave aside electronic gadgets and devices, which are otherwise keeping modern-day families busy, and get them together over an interesting game. Despite rapid technological advancements,...
This report describes the overall environment of China's gaming market in the 2017-2019 time frame, mainly focusing on the impact of the government's games license pause from March to December 2018, among other recent regulatory changes. It also introduces the overseas expansion progress made by China-based gaming vendors and outlines potential...
145 pages •
By Global Industry Analysts
• Oct 2019
Casinos market worldwide is projected to grow by US$126.3 Billion, driven by a compounded growth of 9.9%. Gambling Machines, one of the segments analyzed and sized in this study, displays the potential to grow at over 10.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing...
Bet on it: Operators will likely contend with competition from alternative entertainment options Abstract Gambling in Canada Revenue for the Gambling industry in Canada has stagnated over the five years to 2019 due to overall reduced demand for gambling. Canada is not the only country experiencing a...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.