How much is the Fantasy Sports market worth?
According to the report, global demand for fantasy sports market was valued at approximately USD 907.0 Million in 2019 and is expected to generate revenue of around USD 2,327.0 Million by end of 2027, growing at a CAGR of around 12.5% between 2020 and 2027.
What is Fantasy Sports?
The strategic alliances and partnerships with different stakeholders, increasing spending on advertising and promotions, and growing millennial interest, are the major factors responsible for the increased growth of the fantasy sports industry. The increase in the number of sporting events organized worldwide is also among the factors driving the growth of the fantasy sports industry. The desire to engage in a sporting event instead of watching it has dramatically increased the business bar. Technological developments, combined with the availability of streaming partners, are also likely to propel the fantasy sports industry further.
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What are Fantasy Sports market’s key drivers?
- Increasing Strategic Collaborations and Partnerships
- Growing Advertising and Marketing Spend
- Rising Interest of Millennial
Segmentation Analysis:
How much market share of Fantasy Sports was held by fantacy football segment in 2019?
The fantasy football held almost 42% share of the market in 2019. Biggest factor driving the fantasy football market segment is the robust fan involvement. Strategic collaborations and the introduction of product support across fantasy platforms have increased the fantasy football and basketball standards in major playing countries.
Regional Analysis:
Which region is predicted to have the largest share in the Fantasy Sports market?
By region, the market is divided into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America held almost 39% share of the overall market in 2019. The growing attraction to the sports market and the rise of tech-savvy consumers has led to the industry’s steady growth in North America. Several states in the U.S. like New York, Massachusetts, Arkansas, Missouri, Indiana, Colorado, Maryland, Virginia, and Vermont have approved the DFS model, which is likely to improve sports in the U.S. States during the forecast period. Furthermore, with the ease of regulation in the U.S. market, strategic partnerships backed with technical innovations are projected to boost the market share of fantasy sports in North America.
Which are the prominent Fantasy Sports Key Players across the globe?
Major players in fantasy sports market are Paddy Power Betfair Plc, CBS Corp., Fox Corp., DraftKings, Inc., The Football Association Premier League Ltd., Verizon Communications Inc., The Walt Disney Company, Sportech, Inc., Sporta Technologies Private Ltd., and Roto Sports, Inc., among others.
Table of Contents (TOC)
1. Global Fantasy Sports Market Introduction
1.1. Definition and Taxonomy
1.2. Research Scope
2. Research Methodology
3. Executive Summary
3.1. Global Market Overview and Key Findings by Major Segments
4. Market Dynamics and Industry Trend Analysis
4.1. Market Dynamics
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. SWOT Analysis
4.3. PESTLE Analysis
4.4. Porter’s Five Forces Analysis
4.5. Market Growth Attractiveness Analysis by Key Segments and Region
5. Competitive Landscape and Market Share Analysis by Manufacturers
5.1. Market Competition Scenario
5.2. Manufacturer Market Share
5.3. Manufacturer Intensity Map
5.4. Opportunity Orbits
5.5. Strategic Market Developments
6. Global Fantasy Sports Market Value (USD Million), Share (%), Comparison by Key Segments
7. Global Fantasy Sports Market Value (USD Million), Share (%), Comparison by Region
7.1. North America
7.1.1. North America Regional Market Size and Trend Analysis
7.1.1.1. U.S.
7.1.1.2. Canada
7.1.1.3. Rest of North America
7.2. Europe
7.2.1. Europe Regional Market Size and Trend Analysis
7.2.1.1. Germany
7.2.1.2. UK
7.2.1.3. France
7.2.1.4. Italy
7.2.1.5. Spain
7.2.1.6. Russia
7.2.1.7. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Regional Market Size and Trend Analysis
7.3.1.1. China
7.3.1.2. Japan
7.3.1.3. India
7.3.1.4. Australia
7.3.1.5. Southeast Asia
7.3.1.6. Rest of Asia Pacific
7.4. Latin America
7.4.1. Latin America Regional Market Size and Trend Analysis
7.4.1.1. Brazil
7.4.1.2. Mexico
7.4.1.3. Rest of Latin America
7.5. Middle East and Africa
7.5.1. Middle East and Africa Regional Market Size and Trend Analysis
7.5.1.1. Saudi Arabia
7.5.1.2. South Africa
7.5.1.3. UAE
7.5.1.4. Rest of Middle East and Africa
8. Company Profiles of Key Manufacturers
8.1. Company Basic Information
8.2. Company Overview
8.3. Financial Highlights
8.4. Product Portfolio
8.5. Business Strategy
8.6. Recent Market Developments
