The "Fantasy Sports Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global fantasy sports market by revenue is expected to grow at a CAGR of approx. 14% during 2020-2026.
Digitalization is an essential factor that is driving the growth of the fantasy sports market. Consumers are currently connected with the outer world via digital mediums. An increase in smartphone use is a significant factor influencing the market across the globe. The global vendors prefer selling products/services via apps and online websites.
The COVID-19 outbreak has led to the rapid growth in the number of gamers. Online gaming platforms have become one of the most used mediums for entertainment during lockdowns and restrictions. With respect to COVID-19 regulations, real-time sports events have witnessed a halt for few months, which affected the market negatively.
However, vendors have come out with new versions, which boost engagements among audiences and provide the experience of leagues and clubs. Daily fantasy sports (DFS) have pushed vendors to focus on this attractive sports segment that draws large audiences. With more than 60 million players/users currently active in the US, the DFS model sets to grow significantly during the forecast period.
Also, technological advances such as the combination of analytics and blockchain could completely disrupt the way the industry operates. With advertising monitoring, digital spending, technical upgrades, and online customer surveys growing, the fantasy sports market share is likely to observe promising growth during the forecast period.
The following factors are likely to contribute to the growth of global fantasy sports during the forecast period:
Growth in Worldwide Sports Events Count
A rise in Data Consumption
Development of Fantasy Sports Platforms
Rise in Female Participation in Sports
INSIGHTS BY VENDORS
Yahoo and ESPN have traditionally been prominent vendors; however, the market is currently dominated by DraftKings and FanDuel, especially in the North American region.
While major vendors such as FanDuel, DraftKings, Yahoo, ESPN, and CBS are the primary revenue generators, other vendors such as PlayOn, FanTrax, StarsDraft, Dream11, and Sportito are striving hard to gain better market opportunities in the future years.
Innovative offerings hold significant importance in the industry. Catering to the audience and fans with some of the service offerings dedicated completely toward ensuring their maximum engagement is the key to growth within the market.
Key Questions Answered:
How big is the fantasy sports market?
What is the most popular fantasy sport?
What was the revenue share of fantasy football in 2020?
What is the growth of the US fantasy sports market?
Which region has the largest market share in the fantasy sports market?
Which top companies hold the market share in the global fantasy sports market?
Other Prominent Vendors
Daily Fantasy Cricket
DraftTeam Fantasy Sports
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7.1 Online Gaming Industry
7.1.1 Gaming Industry - Major Trends in 2021
7.2 Global Fantasy Sports Market
7.3 Demographics Of Fantasy Sports Market
7.4 Impact Of COVID-19
7.5 Value Chain
8 Market Opportunities & Trends
8.1 Growth In Count Of Worldwide Sports Events
8.2 Rise In Data Consumption
8.3 Fantasy Sports Platform Development
8.4 Rise In Female Participation
9 Market Growth Enablers
9.1 Influence of Social Media On Fantasy Sports
9.2 Capitalizing on OTT Platforms
9.3 Rise In Partnerships In Fantasy Sports Market
10 Market Restraints
10.1 Regulatory Restrictions Across Regions
10.2 Growth In Technicalities Hampering Growth
10.3 Stringent Regulations Against Betting
11 Market Landscape
11.1 Market Overview
11.1.1 Market By Geography
11.1.2 Market By Sport
11.1.3 Market By Gender
11.1.4 Market By Platform
11.2 Five Forces Analysis
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Fantasy Football
12.4 Fantasy Soccer
12.5 Fantasy Basketball
12.6 Fantasy Baseball
12.7 Fantasy Hockey
12.8 Fantasy Golf
12.9 Fantasy Cricket
12.10 Other Fantasy Sports
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview
For more information about this report visit https://www.researchandmarkets.com/r/pux57c
View source version on businesswire.com: https://www.businesswire.com/news/home/20210511005838/en/
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