Fantasy Sports Market Market Research 2020 With Strategic Analysis of Key Companies : FanDuel, DraftKings, Yahoo, ESPN, CBS, NFL Fantasy, Fox Sports Fantasy Football

Fantasy sports are played using an internet connection, where people take part in professional sports activities virtually. The teams are dependent on measurable execution of those players in actual games. This performance is turned in points that are arranged and totaled by a program chose by each fantasy team’s supervisor. Fantasy sports have games like Fantasy Cricket, football, and basketball. These allow the player to make a private group or join groups that are public. There is an increase in the adoption of Fantasy Sports apps owing to rise in internet usage among people. The fantasy sports market is expected to contribute toward the growth of the sports market.

COVID-19 Scenario Analysis:

COVID-19 has affected the countries globally. World Health Organization has declared public health emergency around the globe and it has had a negative impact on various business sectors.

People cannot indulge in any social activities these days and therefore, they can fulfill that through virtual reality. People are now relying on new technologies such as AR, VR, and mixed reality. Even if the lockdown gets over, people are expected to maintain social distancing and therefore usage of these technologies and extended reality is a part of people’s life virtually. Businesses in these platforms will grow irrespective of COVID-19 impact. One such business is the fantasy sports market.

Due to COVID-19, sports matches are getting canceled and hence, sports fans and players are getting demotivated and helpless globally. Therefore, virtual sports are getting more attention from people.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Various kinds of fantasy sports apps are coming up in the market. The app has a lot of features that boost the growth of this market segment. The app is easy to use and provides a fabulous gaming experience. With the increase in internet usage and smartphone adoption, this market segment is expected to grow globally during the forecast period.

The utilization of fantasy sports for promoting the brands by big businesses is considered as one of the major factors that fuels the growth of the market. Major brands are concentrating on using this market segment as a platform to advertise their items. These promotions incorporate the acquisition of publicizing space. These worldwide brands use fantasy sports for targeting high-pay clients in the age scope of 25 to 50 years. High internet usage and increasing popularity for virtual sports also foster the market growth

New product launches to flourish the market

MyTeam11-One is one of India’s driving Sports fantasy platform. Their objective is involved in innovative offerings to their client base with something new as they reported the launch of MyteamRummy.

Another player of this market segment called, DraftKings plans to launch its new product, which is an online-based casino in Pennsylvania. The launch is with a partnership with Hollywood Casino who is an affiliate of Penn National Gaming. People of this state can use the virtual table for various games such as blackjack, 3 card poker, and online casino.

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Surge in usage in automotive and industrial applications

Companions, family, and associates gather together to form fantasy groups, where the focus is to win points based on how their picks perform. Individuals form private associations on the online platform and compete with each other, fundamentally for boasting rights, regardless of the involvement of real money bets.

Key Segments Covered:
Type
• Fantasy Soccer
• Fantasy Baseball
• Fantasy Football
• Fantasy Baseball
• Other Sports

Application
• Individual Competition
• Team Competition

Regions covered : North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Companies covered : FanDuel, DraftKings, Yahoo, ESPN, CBS, NFL Fantasy, Fox Sports Fantasy Football, MyFantasyLeague, Bovada, Sportech, Fantrax, StarsDraft, Fantasy Fued, Ballr, etc.

Key Benefits of the Report:
• This study presents the analytical depiction of the global fantasy sports market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fantasy sports market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global fantasy sports market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global fantasy sports market analysis based on competitive intensity and how the competition will take shape in coming years.

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