Fantasy Sports Market Records 4.84% of Y-O-Y Growth Rate in 2021 | DraftKings Inc. and FanDuel Inc. Among Key Vendors| Technavio

NEW YORK, Jan. 13, 2022 /PRNewswire/ — Fantasy Sports Market Facts at a Glance-

  • Total Pages: 120
  • Companies: 10+ – Including DraftKings Inc., FanDuel Inc., Fox Corp., Roto Sports Inc., Sporta Technologies Pvt. Ltd., Sportech Plc, The Football Association Premier League Ltd., The Walt Disney Co., Verizon Communications Inc., and ViacomCBS Inc., among others.
  • Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
  • Segments: Type (fantasy soccer, fantasy baseball, fantasy basketball, fantasy football, and other sports)
  • Geographies: North America (US), Europe (UK and Germany), APAC (China and India), South America, and MEA

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According to the recent market study by Technavio, the Fantasy Sports Market Share in Leisure Products Industry is expected to increase by USD 5.38 bn from 2020 to 2025, with an accelerated CAGR of 6%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

North America will register the highest growth rate of 45% among the other regions. The US is the key market for fantasy sports.

Download FREE Sample: for more additional information about the key countries in North America.

Vendor Insights-

The Fantasy Sports Market is fragmented, and the vendors are deploying growth strategies such as the acquisition of new brands to compete in the market. The offerings of some of the key vendors are mentioned below:

  • DraftKings Inc. – The company offers fantasy sports application under the brand name DraftKings Daily Fantasy Sports for Cash.
  • FanDuel Inc. – The company offers fantasy sports application under the Fantasy product line.
  • Fox Corp. – The company offers fantasy sports application under the brand name Fantasy Football.

Find additional highlights on the vendors and their product offerings. Download Free Sample Report

Regional Market Outlook

The fantasy sports market share growth in North America will be significant during the forecast period. The US is the key market for fantasy sports in North America.

The fantasy sports market in North America is primarily driven by the increasing number of players in the region. There are more than 50 million fantasy sports players in the region, and the number continues to increase each year. This is because fantasy sports platforms offer an enhanced user experience. Factors such as the popularity of football and strong Internet infrastructure further strengthen the market. 

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Challenges Impacting the Market-

  • Fantasy Sports Market Driver:
    • Launch of various apps for fantasy sports:

The introduction of fast communication networks and advances in smartphones have enabled people to play fantasy games on their phones. With the rising availability of low-cost smartphones, their demand is increasing in emerging countries such as China, India, and Mexico, which is driving the growth of the mobile gaming segment. Moreover, with the availability of high-end smartphones, especially in growing economies such as China and India, the number of mobile gamers is increasing. Large-screen mobile devices with high display resolutions offer an improved gaming experience.

  • Fantasy Sports Market Challenge:
    • Increasing traction of mobile video games and traditional e-sports:

High traction of mobile video games and traditional e-sports is a challenge for the market. E-sports tournaments allow gamers to compete through online platforms. They remove constraints related to time and location. The growth rate of e-sports is faster than fantasy sports as they offer a wide range of activities or sources of entertainment.

Find additional information about various other market Drivers & Challenges mentioned in our FREE sample report.

Here are Some Similar Topics-

  • Smart Sports Equipment Market by Product and Geography – Forecast and Analysis 2021-2025: The smart sports equipment market share is expected to increase by USD 14.64 billion from 2020 to 2025, at a CAGR of 24.32%. Download Free Sample Report
  • Event Tickets Market by Source, Event Type, and Geography – Forecast and Analysis 2021-2025: The event tickets market has the potential to grow by USD 14.98 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.72%. Download Free Sample Report

Fantasy Sports Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

USD 5.38 billion

Market structure

Fragmented

YoY growth (%)

4.84

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 45%

Key consumer countries

US, China, UK, Germany, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

DraftKings Inc., FanDuel Inc., Fox Corp., Roto Sports Inc., Sporta Technologies Pvt. Ltd., Sportech Plc, The Football Association Premier League Ltd., The Walt Disney Co., Verizon Communications Inc., and ViacomCBS Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the 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.

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 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.

Contact
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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SOURCE Technavio

Fantasy Sports Market Records 4.84% of Y-O-Y Growth Rate in 2021 | DraftKings Inc. and FanDuel Inc. Among Key Vendors| Technavio WeeklyReviewer

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