Global Fantasy Sports Market Size, Forecasts, And Opportunities
Learn about the global fantasy sports market through The Business Research Company, which provides information on fantasy sports market size, fantasy sports market drivers and restraints, fantasy sports market players, the COVID-19 impact on the fantasy sports market, and more.
The global fantasy sports market is expected to grow from $20.36 billion in 2020 to $22.31 billion in 2021 at a compound annual growth rate (CAGR) of 9.5%. The growth in the fantasy sports market is mainly due to the increasing youth population, growth in digital infrastructure, availability of affordable smartphones, increasing popularity of players in various sports, growing investment in internet infrastructure and the launch of fantasy sports applications. The market is expected to reach $38.60 billion in 2025 at a CAGR of 14.7%.
The increasing youth population is expected to drive innovation in fantasy sports, thus driving the market during the forecast period.
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The fantasy sports market consists of sales of fantasy sports services by entities (organizations, sole traders, and partnerships) that are engaged in providing online gaming and betting services. Fantasy sports, often known as rotisserie sports or roto, are any of a variety of games that allow a player to play a virtual game or a virtual season of a league. These teams compete based on the statistical performance of those players in actual games. In fantasy sports, a player earn points based on real life statistics that are converted into fantasy points. The fans take on the roles of both general manager and field manager for their team, assembling a squad through a draft and deals and putting together line-ups in desire of the highest statistical output.
Global fantasy sports market segments include:
By Sports Type: Football, Baseball, Basketball, Hockey, Cricket, Others
By Platform: Website, Mobile Application
By Usage Type: Free, Paid, Hybrid
By Application: Individual Competition, Team Competition
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the fantasy sports market in 2020.
Artificial intelligence is a key trend gaining popularity in the fantasy sports market as it can help a player to focus on the decisions that matter such as whom to start with and which players to trade. Artificial intelligence (AI) is the capacity of a computer or a robot operated by a computer to do activities that normally involve human intelligence and discernment. Major players operating in the fantasy sports sector are focused on artificial intelligence technology to reduce the complexities in fantasy sports trading.
TBRC’s fantasy sports market report covers:
Major Market Players: DraftKings, Fan Duel, Fantrax, Nfl Fantasy, Dream Sports, Yahoo Fantasy, Bovada, Fox Sports Fantasy Football, Fantasy Pros, Good Gamer Corporation, Draft Team Fantasy Sports, 11Wickets, Battlefy, Mobile Premier League (Mpl), Sportito, and Winview Games.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Fantasy Sports Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides fantasy sports market overviews, analyzes and forecasts market size, share, fantasy sports market players, fantasy sports market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s fantasy sports market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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