Fantasy sports market size to grow by USD 8,162.12 million from 2022 to 2027, Launch of various apps for fantasy sports to drive market - Technavio
NEW YORK, March 21, 2023 /PRNewswire/ -- The global fantasy sports market size is estimated to grow by USD 8,162.12 million from 2022 to 2027 according to Technavio. The market is estimated to grow at a CAGR of 6.43% during the forecast period, and the growth momentum will accelerate. The launch of various apps for fantasy sports is driving market growth. The demand for high-end smartphones with large screens and high display resolutions is increasing. Fantasy sports apps made for such smartphones improve the gaming experience. For instance, ESPN Fantasy Sports app is a popular app that supports sports such as fantasy basketball, football, hockey, and baseball. Users of the app can create private leagues or join public leagues. The launch of such apps will fuel market growth during the forecast period. The use of fantasy sports for brand promotion is a key trend in the market. Several large corporations use fantasy leagues to market their products. For instance, Unilever plc debuted its Dove Men+Care fantasy football hub, which gives users exclusive access to fantasy football tips. Similarly, Toyota Motor Corporation bought ad space to sponsor the Yahoo Fantasy Football league summaries. These factors will promote market growth during the forecast period. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
What's New?
Special coverage on the Russia-Ukraine war, global inflation, recovery analysis from COVID-19, supply chain disruptions, global trade tensions, and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints -strong/active/niche/trivial - Buy the report!
Fantasy sports market - Segmentation assessment Segment overview Technavio has segmented the market based on product (fantasy soccer, fantasy baseball, fantasy basketball, fantasy football, and others) and platform (mobile application and website).
The fantasy soccer segment will account for a significant share of the market growth during the forecast period. In fantasy soccer, participants assemble a virtual team of soccer players and score points based on the statistical performance of the actual players. Some of the popular fantasy soccer leagues are Draft Fantasy Football, McDonald FIFA World Cup Fantasy, Fantasy premier league, and UEFA Champions League Fantasy Football. The large number of viewers on different media platforms, such as the Internet and mobile, is likely to drive the growth of the segment during the forecast period.
Geography overview Based on geography, the global fantasy sports market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global fantasy sports market.
North America is estimated to account for 39% of the growth of the global market during the forecast period. Vendors in the region offer fantasy sports games to gain a competitive advantage over the traditional gaming industry. The rising adoption of secure cloud services and the use of advanced technologies such as 5G and artificial intelligence in gaming are driving the growth of the market in North America. The rising penetration of smartphones, desktops, and laptops in the region is also expected to drive market growth, as these devices provide better accessibility.
Insights on the market contribution of various segments, including country- and region- wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a sample report
Fantasy sports market ? Major challenges hindering the market growth
Negative perceptions about fantasy sports are challenging market growth.
Many gamers consider fantasy sports a legal alternative to gambling.
This, in turn, has harmed the reputations of many companies.
According to some studies, fantasy sports players are more likely to develop gambling-related issues.
However, this hypothesis has not been proven by many published studies.
These factors may hinder the growth of the market during the forecast period.
Insights on market challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) - Request a sample report!
What are the key data covered in this fantasy sports market report?
CAGR of the market during the forecast period
Detailed information about factors that will drive the growth of the fantasy sports market between 2023 and 2027
Precise estimation of the size of the fantasy sports market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the fantasy sports market across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of fantasy sports market vendors
Gain instant access to 17,000+ market research reports.
The sports trading card market is projected to grow by USD 6.71 billion with a CAGR of 13.36% during the forecast period 2021 to 2026. Furthermore, this report extensively covers sports trading card market segmentation by distribution channel (online and offline) and geography (Europe, North America, APAC, South America, and the Middle East and Africa).
The sports equipment market size is expected to rise by USD 51.47 bn from 2022 to 2026 at a CAGR of 5.91%. Furthermore, this report extensively covers market segmentation by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and MEA).
Fantasy Sports Market Scope
Report Coverage
Details
Base year
2022
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 6.43%
Market growth 2023-2027
USD 8,162.12 million
Market structure
Fragmented
YoY growth 2021-2022 (%)
5.23
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 39%
Key countries
US, Canada, Mexico, China, and UK
Competitive landscape
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
Blitz Studios Inc., Dream Sports, FantasyPros.com, Fantrax, Flutter Entertainment Plc, GamesKraft Technologies Pvt. Ltd., GDC Media Ltd., Head Digital Works Pvt. Ltd., i3 Interactive Inc., MyTeam11, NFL Enterprises LLC, Playerzpot Media Pvt Ltd, Premier League, Sachar Gaming Pvt. Ltd., Sorare, Techistic Online Platform Pvt. Ltd., ViacomCBS Inc., Yahoo, Fox Corp., and RealTime Fantasy Sports Inc.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 147: Head Digital Works Pvt. Ltd. - Overview
Exhibit 148: Head Digital Works Pvt. Ltd. - Product / Service
Exhibit 149: Head Digital Works Pvt. Ltd. - Key offerings
12.11 i3 Interactive Inc.
Exhibit 150: i3 Interactive Inc. - Overview
Exhibit 151: i3 Interactive Inc. - Product / Service
Exhibit 152: i3 Interactive Inc. - Key offerings
12.12 MyTeam11
Exhibit 153: MyTeam11 - Overview
Exhibit 154: MyTeam11 - Product / Service
Exhibit 155: MyTeam11 - Key offerings
12.13 Playerzpot Media Pvt Ltd
Exhibit 156: Playerzpot Media Pvt Ltd - Overview
Exhibit 157: Playerzpot Media Pvt Ltd - Product / Service
Exhibit 158: Playerzpot Media Pvt Ltd - Key offerings
12.14 Premier League
Exhibit 159: Premier League - Overview
Exhibit 160: Premier League - Product / Service
Exhibit 161: Premier League - Key offerings
12.15 Sorare
Exhibit 162: Sorare - Overview
Exhibit 163: Sorare - Product / Service
Exhibit 164: Sorare - Key offerings
12.16 ViacomCBS Inc.
Exhibit 165: ViacomCBS Inc. - Overview
Exhibit 166: ViacomCBS Inc. - Business segments
Exhibit 167: ViacomCBS Inc. - Key offerings
Exhibit 168: ViacomCBS Inc. - Segment focus
12.17 Yahoo
Exhibit 169: Yahoo - Overview
Exhibit 170: Yahoo - Product / Service
Exhibit 171: Yahoo - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 172: Inclusions checklist
Exhibit 173: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 174: Currency conversion rates for US$
13.4 Research methodology
Exhibit 175: Research methodology
Exhibit 176: Validation techniques employed for market sizing
Exhibit 177: Information sources
13.5 List of abbreviations
Exhibit 178: List of abbreviations
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Ankur Daga, CEO of Angara, a leading online DTC fine jewelry retail brand, has been named the winner of a Gold Stevie® Award in the Best Entrepreneur - Retail category in the 22nd Annual American Business Awards®. Ankur Daga Wins Gold...
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of QuidelOrtho Corporation between February 18, 2022 and April 1, 2024, both dates inclusive (the "Class Period") of the important June 11, 2024 lead...
Results
For the year ended January 31, 2024, the Company's revenues decreased by $139,027,000 to $578,945,000 compared to $717,972,000 recorded for the year ended January 31, 2023, a decrease of 19.4%. This decrease is mainly explained by the...
Lendistry announces today that it has been selected to administer the Entertainment Business Interruption Fund Program (BIF) to support small Los Angeles County businesses serving the entertainment industry. This program, created and funded through...
Rocky Mountain Liquor Inc. (the "Company" or "Rocky Mountain"), listed on the TSX Venture Exchange (the "Exchange"), today reported its financial results for the full year and fourth quarter ended December 31, 2023.KEY...