Report Scope: The online fantasy sports gaming market is segmented into the following categories - - By type: free, paid and hybrid. - By mode: virtual and live. - By game: cricket, soccer/football, basketball and others. - By platform: dedicated sports, gamut sports and news-based platforms. - By end-user income group: less than $500/month, $500 to $1,000/month, $1,000 to $5,000/month and over $5,000/month. - By end-use: healthcare, household, hospitality, educational institutions, industrial, offices and others.
In addition to industry and competitive analysis of the online fantasy sports gaming market, this report also exhaustively covers company profiles for key players active in the global market.
Report Includes: - 100 tables - An overview of the global market for online fantasy sports gaming - Analyses of global market trends with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025 - Market share analysis of the online fantasy sports gaming by type, mode, games, platform, end-use, income group, and region - Evaluation of current market trends, market size, market forecast, and detailed analysis of drivers, challenges, and opportunities affecting market growth - Discussion on impact of COVID-19 on online fantasy sports gaming market - Examination of the competitive landscape and company profiles of major players, including CBS Sports, Dream Sports, ESPNcricinfo, Mobile Premier League (MPL) and PlayON
Summary: A fantasy sport is a kind of online game in which players create a virtual team of players from real-life professional sports teams.The teams compete based on real-life player game skills and statistical performance in live sports.
This performance is converted into points, additionally accumulated and summed per a roster selected by the fantasy team’s manager.The overall experience enables online gamers to use skill and knowledge of the game, experiencing how a real selection committee operates and manages a team.
As soon as the team is ready, online players compete with one another, making fantasy sports more entertaining for gamers. According to the Fantasy Sports and Gaming Association, over 59 million people engaged in fantasy games across the U.S. and Canada. It also states that 20 million people are playing fantasy games across India and the figure is estimated to reach 150 million by 2022. Millions of young sports lovers, worldwide, engage in fantasy sports. This number is projected to accelerate rapidly in the near future due to the rapid launch of user-friendly fantasy gaming applications and rising internet penetration. The online fantasy sports industry is estimated to experience a significant boost in revenue as online games and related activities gain momentum among the younger population, worldwide. Fantasy sports gaming has attracted investors and has secured a decent amount of FDI in India. In 2018-2019, the region gained INR 15,000 Crores ($15 billion) and was proliferating.
The online fantasy sports gaming market is expected to witness high growth during the forecast period.The market is mainly driven by the launch of new advanced mobile applications dedicated to fantasy gaming.
Many global and regional players, such as DraftKing, MPL and Dream11 launched new apps for fantasy players to engage people and offer daily and weekly cash prizes.Rising internet penetration among the young population, the emergence of next-generation technology (5G) and the quick adoption of smartphones is expected to fuel online fantasy sports gaming.
The growing use of fantasy sports gaming apps for brand promotion is also projected to positively impact the market.
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