According to the report by Expert Market Research (EMR), the global fantasy sports market is projected to grow at a CAGR of 14.2% between 2024 and 2032. Aided by the increasing internet penetration, the proliferation of smart devices, and the growing appeal of interactive gaming, the market is expected to grow significantly by 2032.
Fantasy sports, a blend of online gaming and real-world sports, allow participants to assemble virtual teams composed of real players from a professional sport. These virtual teams compete based on the statistical performance of those players in actual games. This form of gaming has gained massive popularity, offering an immersive experience that combines skill, strategy, and sports knowledge.
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The surge in the fantasy sports market growth is primarily fuelled by the increasing global enthusiasm for sports, coupled with technological advancements in online gaming platforms. The ease of access to these platforms via smartphones and the internet has drastically broadened the market’s reach, appealing to a diverse and growing user base worldwide.
The legalisation and regulation of online sports betting in various countries, particularly in the United States, have also played a pivotal role. This regulatory shift has not only legitimised fantasy sports but also attracted significant investments, thereby bolstering fantasy sports market demand.
The integration of advanced technologies like Artificial Intelligence (AI), Machine Learning (ML), and blockchain has revolutionised fantasy sports platforms, offering a more personalised and secure gaming experience. AI algorithms are used for player performance prediction and personalized recommendations, enhancing user engagement.
North America, particularly the United States, is a dominant force in the global fantasy sports market, attributed to the region’s deep-rooted sports culture and the widespread acceptance of fantasy sports. However, Asia-Pacific is emerging as a rapidly growing market, with countries like India and China experiencing a surge in fantasy sports participation, driven by cricket and other sports.
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As per the fantasy sports market analysis, the market is anticipated to continue its upward trajectory. Emerging trends like e-sports fantasy leagues and the increasing incorporation of virtual reality (VR) and augmented reality (AR) technologies are expected to open new avenues for growth. Furthermore, the rising trend of mobile gaming is likely to significantly contribute to the market expansion.
Fantasy Sports Market Segmentation
The market can be divided based on sports type, platform, demographics, and region.
Market Breakup by Sports Type
- Football
- Baseball
- Basketball
- Hockey
- Cricket
- Others
Market Breakup by Platform
- Website
- Mobile Application
Market Breakup by Demographics
- Under 25 Years
- 25-40 Years
- Above 40 Years
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global fantasy sports market. Some of the major players explored in the report by Expert Market Research are as follows:
- Marzen Media LLC d/b/a FantasyPros.com
- com Group Limited
- Fantrax
- GoodGamer Corp.
- Rotoworld
- FanDuel Group
- DreamSport
- Quadronica SRL
- NFL Enterprises LLC
- DraftKings Inc.
- NBC Universal
- Paramount
- Yahoo Fantasy Sports LLC
- Dream Sports Group
- RealTime Fantasy Sports, Inc.
- Low 6 Limited
- Sorare, SAS
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