Fantasy Sports Market Value is Set to Grow by USD 6.11 Billion from 2021 to 2026 – Technavio – QNT Press Release


NEW YORK, Aug. 31, 2022 /PRNewswire/ — The FANTASY SPORTS MARKET value is set to progress at a CAGR of 6.51% from 2021 to 2026, as per the latest report by Technavio. The YOY growth rate of 2022 is estimated at 6.12%. One of the key factors driving the global fantasy sports market growth is the launch of various apps for fantasy sports. Moreover, the use of fantasy sports for brand promotion is one of the key fantasy sports market trends that is expected to impact the industry positively in the forecast period. One of the key challenges to the global fantasy sports market growth is the increasing traction of mobile video games and traditional e-sports as it directly impacts the fan base of fantasy sports.

Mobile video games and E-sports tournaments are organized in large arenas in various countries, such as Sweden, India, Chinaand the UK. Technology innovators such as Intel, Micro-Star INTL (MSI), and Logitech sponsor such tournaments. For instance, the International is a Dota 2 e-sports tournament that is hosted by Valve every year. The tournament has been organized since 2011. Global Offensive Major Championship held by the Intel Extreme Masters. It featured prize money of USD 1,000,000 in 2019. E-sports also offer a wide range of activities or sources of entertainment, such as documentaries, animated, and live-action films based around e-sports. Such factors are expected to limit market growth during the forecast period.

Browse Summary of the FANTASY SPORTS MARKET Research Report to Learn More

Some of the Major Fantasy Sports Companies:

  • Blitz Studios Inc.
  • Dream Sports
  • Fantasy Power 11
  • Fantrax
  • Flutter Entertainment Plc
  • Fox Corp.
  • GamesKraft Technologies Pvt. Ltd.
  • Head Digital Works Pvt. Ltd.
  • Josh Clemm
  • LivePools Pvt. Ltd.
  • MyTeam11 Fantasy Sports Pvt. Ltd.
  • Paramount
  • Playerzpot Media Pvt Ltd
  • Roto Sports Inc.
  • RotoBash apps Pvt Ltd
  • Sachar Gaming Private Limited
  • The Football Association Premier League Ltd.
  • The Walt Disney Co.
  • Yahoo Inc

The fantasy sports market is fragmented and the vendors are deploying growth strategies such as investment in R&D and technological innovation to compete in the market. Moreover, to make the most of the opportunities and recover from post COVID-19 impact, market vendors are focusing more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download Sample Report of the FANTASY SPORTS MARKET to Gain Further Insights

The fantasy sports market share growth in the fantasy soccer segment will be significant during the forecast period. Fantasy sports websites allow users to transfer their players as many times as they wish before the start of the season. Thus, the growth momentum is expected to accelerate during the forecast period owing to the facilities that fantasy soccer players receive.

Fantasy Sports Market Type Outlook (Revenue, USD bn, 2021-2026)

  • Fantasy soccer – size and forecast 2021-2026
  • Fantasy baseball – size and forecast 2021-2026
  • Fantasy basketball – size and forecast 2021-2026
  • Fantasy football – size and forecast 2021-2026
  • Others – size and forecast 2021-2026

Fantasy Sports Market Geography Outlook (Revenue, USD bn, 2021-2026)

  • North America – size and forecast 2021-2026
  • Europe – size and forecast 2021-2026
  • APAC – size and forecast 2021-2026
  • South America – size and forecast 2021-2026
  • Middle East and Africa – size and forecast 2021-2026

Related Reports Include:

Browse Summary of the SPORTS COACHING PLATFORM MARKET Report by End-user and Geography – Forecast and Analysis 2021-2025: The market value is set to grow by USD 4.95 billionprogressing at a CAGR of 13.49% from 2020 to 2025, as per the latest report by Technavio. Furthermore, this report extensively covers sports coaching platform market segmentation by end-user (professional and non-professional) and geography (North America, EuropeAPAC, South Americaand MEA).

Browse Summary of the ARTIFICIAL INTELLIGENCE MARKET IN SPORTS Report by Type and Geography – Forecast and Analysis 2022-2026: The market value is set to grow by USD 5.45 billionprogressing at a CAGR of 30.8% from 2021 to 2026, as per the latest report by Technavio. The artificial intelligence market in sports report also offers information on several market vendors, including Advanced Micro Devices inc., AIBrain inc., Amazon.com inc., and more.

Fantasy Sports Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.51%

Market growth 2022-2026

$6.11 billion

Market structure

Fragmented

YoY growth (%)

6.12

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

Full story available on Benzinga.com



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