The global fantasy sports market size is estimated to reach USD 56.36 billion by 2030, registering a CAGR of 14.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The demand for fantasy sports is gaining momentum due to improving internet connectivity and increasing smartphone ownership, which helps in user gain. In fantasy sports, users can make virtual teams, which comprise proxies of real players from any professional sports. These teams compete based on the player’s actual performance, which aids the service provider’s analytical servers to predict the users’ winning and losing.
Fantasy sports operators are looking for opportunities to enhance their relationships and contribution to the sporting industry. Establishing digital footprints help the operator to create future-ready jobs in artificial intelligence, machine learning, and analytics, which allows them to contribute to the expansion of the sporting industry. Operators are also providing extensive funding for sports infrastructure, supporting the adoption of regional sports, and increasing the viewership of regional sports leagues and tournaments.
This enormous growth in the market has generated curiosity and interest among the media, resulting in various YouTube channels, vlogs, TV shows, newspaper columns, blogs, and forums on which experts analyze player and team performance and predict upcoming trends. Key players are acquiring enormous market shares and a higher user base. The industry also provides opportunities for newer companies to grow in the market owing to its vast potential.
North America is the highest revenue contributor for fantasy sports operators due to the availability of the latest technologies such as blockchain and artificial intelligence, which provide a more immersive experience and drives popularity in the region. Asia Pacific is witnessing exponential market growth due to the spike in the user base in economies such as India. The country is one of the key emerging markets, as the craze for cricket and football, along with various leagues such as IPL, ISL, and others, provide a helping hand to the expansion of the market in India as well as the region.
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The team sports segment held the largest revenue share in 2022 in the global market for fantasy sports, owing to the worldwide popularity of major team sporting events such as the FIFA World Cup, Cricket World Cup, etc. Predictions are made about which teams have greater odds of winning, and users are aware of these sports’ playing regulations, playing terms, and analysis
Based on sports type, football accounted for the largest market share in 2022 due to the widespread popularity of fantasy football, along with the highly addictive nature of the platform and the ease of managing one’s own team
The application-based platform segment is likely to expand at the fastest CAGR over the forecast period. Fantasy sports applications can be accessed from anywhere and allow users to participate in fantasy tournaments
The European market is attaining moderate growth due to the presence of several major leagues, run by large corporations such as Barclays, Hublot, and Nike, which has helped in popularizing the concept of fantasy sports in the region
Grand View Research has segmented the global fantasy sports market based on sports, sports type, platform, gameplay, device, demographic, and region.
Fantasy Sports Outlook (Revenue, USD Billion, 2018 - 2030)
Individual Sports
Partner Sports
Team Sports
Invasion Game
Net Games
Fielding & Striking Games
Target Games
Extreme Sports
Fantasy Sports Type Outlook (Revenue, USD Billion, 2018 - 2030)
American Football (Rugby)
Baseball
Basketball
Car Racing
Cricket
Football/Soccer
Others (MMA, Boxing, Golf, eSports, etc.)
Fantasy Sports Platform Outlook (Revenue, USD Billion, 2018 - 2030)
Web-based
Application-based
Fantasy Sports Gameplay Outlook (Revenue, USD Billion, 2018 - 2030)
Individual Competition
Team Competition
Fantasy Sports Device Outlook (Revenue, USD Billion, 2018 - 2030)
Smartphones
Computer
Others
Fantasy Sports Demographics Outlook (Revenue, USD Billion, 2018 - 2030)
Under 25 Years
25 to 40 Years
Above 40 Years
Fantasy Sports Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Asia Pacific
China
Japan
India
South Korea
Latin America
Brazil
Mexico
Middle East and Africa
UAE
Saudi Arabia
South Africa
List of Key Players in the Fantasy Sports Market
Dream Sports Group
CBS Sports Digital
RealTime Fantasy Sports Inc.
Flutter Entertainment plc
Vauntek Inc. (Fantrax)
DraftKings
Pure Win (Sweetspot N.V.)
FanDuel
FantasyPros.com
MY11CIRCLE
FANTACALCIO (Quandronica Srl)
RotoWire (GDC Media Limited)
NBC Sports Edge (NBC Sports Group)
MyFantasyLeague (Sideline Software Inc.)
Office Football Pool (OFP Hosting Inc.)
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