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May 13, 2021, Dublin (GLOBE NEWSWIRE)- “Fantasy Sports Market-Global Outlook and Forecast 2021-2026” Report has been added to ResearchAndMarkets.com provide.
In terms of revenue, the global fantasy sports market is expected to grow at a compound annual growth rate. From 2020 to 2026, it is 14%.
Digitization is an important factor driving the growth of the fantasy sports market. Consumers currently communicate with the outside world through digital media. The increase in the use of smartphones is an important factor affecting the global market. Global suppliers prefer to sell products/services through apps and online websites.
The COVID-19 outbreak has caused a rapid increase in the number of game players. Online gaming platforms have become one of the most commonly used media for entertainment during lock-in and restriction periods. Regarding COVID-19 regulations, real-time sports events have been suspended for several months, which has had a negative impact on the market.
However, the supplier has launched a new version that can increase the interaction between audiences and provide a league and club experience. Daily Fantasy Sports (DFS) has prompted suppliers to focus on this attractive sports field that attracts a large audience. There are currently more than 60 million players/users active in the United States, and the DFS model will grow significantly during the forecast period.
In addition, technological advancements such as the combination of analytics and blockchain may completely disrupt the way the industry operates. With the growth of advertising monitoring, digital spending, technology upgrades, and online customer surveys, fantasy sports’ market share may see encouraging growth during the forecast period.
Global Fantasy Sports Market Segmentation
By 2026, the value of the global fantasy football industry is expected to exceed $1 billion.
More than 70% of players compete in North America. In the past few years, fantasy sports have greatly increased the popularity of football. Although many experts believe that this sport was already popular before the advent of fantasy sports, but with the increasing popularity of fantasy sports, its popularity has reached new heights.
Suppliers can consider targeting large fan bases in market segments through interaction and innovative products, thereby substantially increasing their profits. During 2020-2026, the compound annual growth rate of the global fantasy football market is expected to exceed 13%. Football is more prevalent in Europe than in North America, followed by Latin America and the Asia-Pacific region.
The global fantasy sports market is a male-dominated industry. From 2020 to 2026, the male market segment is expected to grow at a compound annual growth rate of 14%. North America has the largest share of the male market segment, which is likely to bring revenue growth to more than $589 million during the forecast period. Although many slow changes have taken place, the widespread popularity of male fantasy sports will continue for some time. In the United States, more than 60% of male users are active on the daily fantasy sports platform every day, so the prospects for this end-user group are still very optimistic.
The app-based fantasy sports market share is expected to grow at a compound annual growth rate of 14%, with an absolute growth rate of over 119% from 2020 to 2026. As the popularity and convenience of smartphones increase, app-based fantasy sports are growing in all regions. Application-based online games. From 2020 to 2026, North America’s revenue is expected to increase by US$484 million. The Asia-Pacific region is expected to exceed US$60 million by 2026, with a compound annual growth rate of approximately 14%.
The website-based market has a large customer base in North America. By 2026, this segment may reach US$659 million. From 2020 to 2026, the compound annual growth rate will exceed 14%. On the other hand, the Asia-Pacific region is likely to see an increase of US$32 million in revenue between 2020 and 2026. The increasing popularity and acceptance of competitive games has attracted more core PC users. Computer and laptop manufacturers are forced to provide the latest high-performance processors and graphics cards for customization.
Geographic information
In 2020, North America is the most prominent fantasy sports market, accounting for more than 68% of revenue. In the United States and Canada, the demand for fantasy sports games has always been high. By 2026, North America may account for more than 69% of revenue due to the increasing interest in the fantasy sports business and the increase in technology-savvy customers during the forecast period.
By 2020, Europe’s revenue share will exceed 16%. Germany, Britain, France, Italy and Spain are the main sources of income in Europe. While the demand for fantasy sports continues to grow, upgrades and innovative products are driving market growth.
Western European economies are showing strong demand due to increased demand for various sports categories and the influx of global suppliers. Between 2020 and 2026, Europe may bring in more than $196 million in incremental revenue.
In 2020, the Asia-Pacific region will account for more than 10% of revenue. Australia, India, China, South Korea, Indonesia and Japan have high demand for fantasy sports. Although the market in the region is still in a growth phase, it has high potential with the support of a growing population of millennials and enthusiastic sports fans looking for exciting products.
Supplier insights
Yahoo and ESPN have always been well-known vendors. However, the current market is dominated by DraftKings and FanDuel, especially in North America.
Although major suppliers (such as FanDuel, DraftKings, Yahoo, ESPN, and CBS) are the main source of revenue, other suppliers (such as PlayOn, FanTrax, StarsDraft, Dream11 and Sportito) are striving to get better in the next few years. Market opportunities.
Innovative products are of great significance in this industry. Catering to viewers and fans through certain services that are fully committed to ensuring maximum participation is the key to market growth.
Key questions answered:
1. How big is the fantasy sports market?
2. What is the most popular fantasy sport?
3. What is the revenue share of fantasy football in 2020?
4. What is the growth of the US fantasy sports market?
5. Which region has the largest market share in the fantasy sports market?
6. Which top companies have market share in the global fantasy sports market?
Outstanding supplier
- CBS
- Grass King
- Van Dur
- Yahoo
- ESPN
Other well-known suppliers
- Ball
- Ballet Buzz
- Prosperity movement
- Binoba11
- Daily Fantasy Cricket
- Draft Star
- DraftTeam Fantasy Sports
- Dream 11
- cabinet
- Mad war
- Van Mojo
- Fantasy draft
- Mantrax
- HalaPlay
- My11Circle
- Money ball
- MyTeam11
- PlayON
- Sportito
- 11 doors
Key topics covered:
1 Research methodology
2 Research purpose
3 Research process
4 Scope and coverage
4.1 Market Definition
4.2 Base year
4.3 Research scope
5 report assumptions and warnings
5.1 Critical warning
5.2 Currency conversion
5.3 Market Derivation
6 market overview
7 Introduction
7.1 Online Game Industry
7.1.1 Game Industry-Main 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 and Trends
8.1 Growth in the number of global sports events
8.2 Increase in data consumption
8.3 Development of Fantasy Sports Platform
8.4 Increasing female participation
9 market growth drivers
9.1 The impact of social media on fantasy sports
9.2 Make the most of OTT platforms
9.3 The Rise of Fantasy Sports Market Partnership
10 market constraints
10.1 Cross-regional regulatory restrictions
10.2 Technological growth hinders growth
10.3 Strict gambling regulations
11 Market structure
11.1 Market Overview
11.1.1 Market by Region
11.1.2 Sports Market
11.1.3 Market by gender
11.1.4 Market by Platform
11.2 Five Forces Analysis
12 sports
12.1 Market snapshots and growth engines
12.2 Market Overview
12.3 Fantasy Football
12.4 Fantasy Football
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 sex
13.1 Market Snapshots and Growth Engines
13.2 Market Overview
13.3 Male
13.4 female
14 platforms
14.1 Market Snapshots and Growth Engines
14.2 Market Overview
14.3 Application
14.4 Website
15 Geography
15.1 Market Snapshots and Growth Engines
15.2 Geographical overview
For more information about this report, please visit https://www.researchandmarkets.com/r/ahnpjv
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