Press release
Fantasy Sports Market Growing Massively by 2021-2026 Major Players: CBS Corporation, DraftKings Inc., Fox Sports Corporation, NFL Fantasy, Sportech PLC
Market Insights Reports has added new statistical data to its repository titled as, Global Fantasy Sports Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Fantasy Sports market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.The fantasy sports market is expected to register a CAGR of 5% over the forecast period 2021-2026.
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https://www.marketinsightsreports.com/reports/05202906862/fantasy-sports-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=A28
Top Key Players in the Global Fantasy Sports Market are CBS Corporation, DraftKings Inc., Fox Sports Corporation, NFL Fantasy, Sportech PLC., Bovada, Ruckus Gaming, LLC, Fantasy Feud Inc, and others.
Industry News and Update:
- April 2020 - FanDuel Group and New York Liberty have signed a partnership and designated FanDuel as an Official Partner of the New York Liberty. It aims to reach new and existing fans who want to experience the very best of New York basketball both digitally and at live events.
- April 2020 - Sportech announced the renewal and extension of the Totalisator services agreement with longtime client Emerald Downs Racetrack and C-sino. Sportech delivers tote services to Emerald Downs Racetrack and C-sino (Emerald Downs) with Sportechs Quantum system software and services from the global quantum data and operations center.
Key Market Trends:
Sporting Events Will Experience A Significant Growth
- The sports industry is estimated to be around USD 500 billion in 2020 out of that, USD 250 billion is contributed by professional sports. Association football (soccer) is the top game and holds the majority (43%) and thus attracts maximum investment and audience to the real as well as a virtual world. In order to elevate the game-day experience for sports fans on virtual platforms, key vendors are partnering with streaming companies. For instance, in 2019, FanCode signed a deal with the National Basketball Association (NBA), one of the world’s most premium sports brands to live-stream NBA games in India. It has also helped to spread awareness about the game in a bid to increase basketball’s popularity in India.
- Moreover, the growing investment to buy digital advertisement space by the top companies to enhance the awareness, as well as sales of their offerings, provides a positive occasion to key vendors to hike up their revenue streams. According to the Dentsu Aegis Network 2019, digital advertising witnessed a 26% increase over 2018 to reach Rs 13,683 crore, even as overall advertising witnessed a sober 9.4% growth.
- Google also lifted the long-waited ban on fantasy sports companies to buy the ads and had updated its advertising policies on conditions that fantasy sports advertisers must meet minimum creative standards and hold state licenses to promote their services. Venders like FanDuel, DraftKings and Yahoo Daily Fantasy are experiencing the power of advertisement across Google properties including Search and YouTube, via Google Ads and DV360. It has increased the awareness of the platform and opens a new world of opportunity.
North America to Hold a Significant Market Share
- North America currently holds the maximum market and going forward it will account for significant growth due to economic growth, the growing popularity of sports, and increasing number of internet-accessible devices and sports sponsorships. For instance, in 2019, the National Football League (NFL) signed a multi-year deal with DraftKings and become the first official daily fantasy partner that has the exclusive sponsorship on NFL branding and other integrations across its platforms.
Full Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/05202906862/fantasy-sports-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=A28
This Global Fantasy Sports Market report addresses:
– The Market size from 2016-2021
– Expected market growth until 2026
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead the market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place.
Frequently Asked Questions about Global Fantasy Sports market:
– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?
We Also Offer Customization on report based on specific client Requirement:
– Free Country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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