India Fantasy Sports Market Expected to Rise at 47.10% CAGR during 2022-2027

The latest research study "India Fantasy Sports Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the India fantasy sports market is expected to exhibit a CAGR of 47.10% during 2022-2027.

Fantasy sports refers to a kind of game where users create virtual teams and participate in leagues and contests that simulate the real-world conditions of the sport. It is also known as roto or rotisserie and is played on the internet with proxies of real and professional players. Fantasy sports include various games, such as soccer, basketball, cricket, football, golf, hockey, etc. Besides earning real money and rewards, it aids the participants in increasing their learning ability, improving their decision-making capabilities, and offering deep insights into several games. Fantasy sports also profit various stakeholders while generating direct and indirect employment possibilities. 

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

India Fantasy Sports Market Trends and Drivers:

The expanding digital gaming ecosystem, on account of the rising internet connectivity and affordable feature-equipped smartphones, is among the primary factors driving the India fantasy sports market. In addition, the escalating number of leagues and annual events, including IPL T20, ICC Cricket World Cup, Vivo Pro Kabaddi League, etc., is further augmenting the market growth. Besides this, the growing popularity of several YouTube channels, vlogs, TV shows, newspaper columns, blogs, forums, etc., where experts analyze performances and upcoming trends related to fantasy sports, is also catalyzing the market across India. Moreover, the introduction of innovative solutions to enable seamless payment experiences and lower transaction failure rates through safe and verified digital portals is acting as another significant growth-inducing factor. Apart from this, the various technological developments in the online gaming sector, such as the integration of analytics and blockchain, for providing more immersive experiences to users, are expected to bolster the India fantasy sports market in the coming years.

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India Fantasy Sports Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Dream Sports Group, Mobile Premier League (MPL) (Galactus Funware Technology Private Limited), 11 Wickets.com (Ability Games Pvt. Ltd), BalleBaazi, MyTeam11, MyFab11, Paytm First Games Pvt. Ltd., Fantasy Power 11 and Head Digital Works Pvt Ltd.

The report has segmented the market on the basis of sports type, platform and demographics.

Breakup by Sports Type:

Cricket
Football
Others

Breakup by Platform:

Website
Mobile Application

Breakup by Demographics:

Under 25 Years
25-40 Years
Above 40 Years

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Breakup by Region:

North India
West and Central India
South India
East India

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.