‘Market Research Future (MRFR) has published a “Global Fantasy Sports Market”
MRFR recognizes the following companies as the key players in the global fantasy sports market— Dream Sports, DraftKings Inc., Fanduel (Flutter Entertainment), NBC Sports Edge, FantasyPros, Rotowire, fantacalcio, Fantrax, Sportech Inc., NFL Fantasy
The global fantasy sports market is accounted to register a CAGR of 14.50% during the forecast period and is estimated to reach USD 28.73 billion by 2032.
Fantasy sports, also referred to as rotisserie sports or roto, and are any of a number of video games that let a player participate in a fictitious match or season of a team. Based on how those players performed statistically in actual games, these teams compete. A player gains points in fantasy sports based on real-world statistics that are then transformed into fantasy points. Fans assume the roles of general manager and field manager for their team, putting together lineups in an effort to maximize statistics performance and creating a squad through trades and drafts.
A change in sporting culture has been brought about in recent years by the establishment of numerous sports leagues in badminton, soccer, football (rugby), basketball, and volleyball. Sports have expanded more quickly in several nations thanks to technological developments, rising smartphone and internet adoption. There is now a passionate fan base for these games, and more people are playing, talking about, and competing in them. This shift in fan behavior has fueled the development of fantasy sports.
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The global fantasy sports market has been segmented based sports type, demographics and platform.
On the basis of sports type, the market is segmented into football, baseball, basket ball, hockey, cricket, others. The football segment was attributed to holding the largest market share in 2022.
Based on demographics, the global fantasy sports market has been segmented into under 25 years, 25 to 40 years, and above 40 years. The 25 to 40 years segment was expected to hold the largest market share in 2022.
Based on platform, the global fantasy sports market has been segmented into website, mobile application. The mobile application segment was expected to hold the largest market share in 2022
The global fantasy sports market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe fantasy sports market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The fantasy sports market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World fantasy sports market comprises of Middle East, Africa, and Latin America.
The largest market share for fantasy sports was maintained by the North American regional sector and held 45.80% market share. North America has a well-established fantasy sports market, with a high adoption rate among sports enthusiasts and a large number of fantasy sports companies. The United States and Canada are the major countries contributing to the growth of the fantasy sports market in North America.
Europe is the second-largest region in the fantasy sports market, with countries such as the United Kingdom, Germany, and France showing significant growth potential. The growing popularity of football in Europe and the increasing adoption of mobile devices for fantasy sports activities are expected to drive the market growth in the region.
The APAC region is expected to show the highest growth rate in the fantasy sports market between 2023 and 2032. This growth is driven by the increasing popularity of sports such as cricket, football, and basketball in the region, coupled with the growing adoption of smartphones and other mobile devices. Countries such as India, Australia, and China are the major contributors to the growth of the fantasy sports market in the APAC region.
Furthermore, the rest of the world's fantasy sports market is divided into the Middle East, Africa, and Latin America. As for the rest of the world, the fantasy sports market is still in its nascent stage in most regions. However, with the growing popularity of sports and the increasing adoption of digital technologies, the market is expected to show significant growth potential in the coming years.
Key Findings of the Study