Fantasy Sports Market Players, Applications, Growth Prospects, Business Strategies, Gross Margin, Trends, Upcoming Technologies Analysis till 2027

Market Overview:
Fantasy Sports market is valued at USD 20.69 Billion in 2020 and expected to reach USD 48.07 Billion by 2027 with a CAGR of 12.8% over the forecast period.

Brandessence Market Research has published a new report title, “Fantasy Sports Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027". Increasing technology penetration such as smartphone, internet, etc. & growing investment in online gaming are anticipated to drive the growth of Global Fantasy Sports Market.

Key Players for Fantasy Sports Market Report:
Some of the key players for global fantasy sports market are Dream Sports, Fanduel (Flutter Entertainment), Rotoworld, Fantrax, NFL Fantasy, DraftKings, Yahoo, ESPN, CBS, , Fantasy Football, MyFantasyLeague, Bovada, StarsDraft, Fox Corp., Roto Sports, The Walt Disney Company, Verizon Communications and others.

Scope of Fantasy Sport Market Report:
Fantasy Sport is the online prediction games which allow players to make a virtual team of real sports players and earn points based on real life statistics that are converted into points. The points are based on team player performance i.e. better performance leads to higher the points. The player’s selected team will play against other managers and their teams which are managed through a roster by adding, dropping, trading and selling players to keep winning. The fantasy sports have helped in increased viewership of the sports events as the points are dependent on real life performance of the player.

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The team managers improves their decision making capability by considering multiple variable to the performance & increase the chances the winning in the friendly battle with other managers i.e. friends, family, colleagues, etc. The data analysis is used to predict the performance has played huge role in success of the fantasy sports. These games have also increased the individual’s interest for the sport as growing knowledge about rules & regulation makes it easy to understand. The technology such as mobile phone, play station, internet penetration, etc. implemented in sport industry has evolved the online gaming with increased live coverage or streaming of almost every event.

A fantasy sport is a type of game, often played using the internet, where participants assemble imaginary or virtual teams of real players of a professional sport. These teams compete based on the statistical performance of those players in actual games. Journal of Computer-Mediated Communication predicted that, Over 15 million people participate in online fantasy sports. Applying a uses and gratifications framework, they use Q-methodology, a quantitative means for developing typologies of people, to examine types of online fantasy sports users and their motivations. Millions of young sports admirers across the country are now hooked on to fantasy sports and the number are rising rapidly. Internet penetration rises and consumers increasingly migrate online to conduct everyday services, the Fantasy Sports Services industry will experience an uptick in revenue as online games and activities become more common.

News:
FuboTV has Acquired Fantasy Sports Startup Balto.
December 2nd 2020; Balto Sports, a fantasy sports startup started in 2018 has been bought by sports streaming service FuboTV to enter online sports betting market. FuboTV went public in October after merging with FaceBank Group; it will offer free to play gaming through its streaming TV service.

Fantasy Sports Market Segmentation:

By Sport:
Football
Baseball
Basket Ball
Hockey
Cricket
Others

By Platform:
Website
Mobile Application

By Demographics:
Under 25 Years
25 to 40 Years
Above 40 Years

The regions covered in global fantasy sports market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global fantasy sports is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, Egypt, UAE) GCC, Africa, etc.

Market Drivers:
Increasing patch management solutions vulnerabilities is driving the growth of the market
Rising need of up to date software will propel the market growth
Growing third party application deployment is a driver for the market
Government regulations for promoting patch management may boost the growth of the market

Market Restraints:
Low vulnerability priority reduction is restraining the growth of the market
Lack of awareness for cyber security will hamper the market growth
Patch testing and compatibility issues may also restrict the growth of the market

Frequently asked questions (FAQs) about the report:

• Can the report be customized according to the requirements?

Yes. The Fantasy Sports market report can be customized according to your needs. For instance, the company can be profiled you ask for while specific region/country analysis can be focused that meets your interests. You can talk to our research analyst about your exact requirements and UMR will accordingly tailor the required report.

• Can we narrow the available business segments?

Yes, the market report can be further segmented on the basis of data availability and feasibility. We can provide a further breakdown in product types and applications (if applicable) by size, volume, or revenue. In the market segmentation part, the latest product developments and customer behavior insights are also included to give an in-depth analysis of the market.

• Does the report cover COVID-19 impact and future market projections?

Yes. The market research report covers the detailed analysis of COVID-19 impact on the market. Our research team has been monitoring the market closely while it has been conducting interviews with the industry experts to get better insights on the present and future implications of the COVID-19 virus on the market.

The market report provides vital information on the strategies deployed by industry players during the COVID-19 crisis to maintain their position in the market. Along with this, it also shares crucial data on product developments due to the inevitable pandemic across the globe.

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There are 15 Chapters to display the Fantasy Sports market:

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Global Fantasy Sports market, Applications, Market Segment by Types

Chapter 2, objective of the study

Chapter 3, to display Research methodology and techniques

Chapter 4 and 5, to show the Fantasy Sports Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;

Chapter 8 and 9, to show analysis by regional segmentation[North America (Covered in Chapter 6 and 13), United States, Canada, Mexico, Europe (Covered in Chapter 7 and 13), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 8 and 13), China, Japan, South Korea, Australia, India, Southeast Asia, Others, Middle East and Africa (Covered in Chapter 9 and 13), Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Others, South America (Covered in Chapter 10 and 13), Brazil, Argentina, Columbia, Chile & Others ], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis

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