Press release
India Fantasy Sports Market To Hit a CAGR of 44.6% by 2028 | Top Companies, Industry Growth Statistics
India Fantasy Sports Market Report 2023
The fantasy sports in India is expected to exhibit a growth rate (CAGR) of 44.6% during 2023-2028.
What are Fantasy sports?
Fantasy sports are interactive online games where participants can assemble virtual teams composed of real professional athletes from various sports like football, basketball, baseball, soccer, hockey, cricket, carrom, marathon, and tennis. These virtual teams compete based on the actual performance of athletes in real-life sporting events. Fantasy sports platforms employ diverse scoring systems, assigning points for actions such as touchdowns and goals. Participants have the freedom to select players from different sports leagues, creating their dream teams and strategically managing them throughout the season. This engagement enhances media involvement, as participants closely follow real games to monitor their teams' progress. Fantasy sports offer various competition formats, including season-long leagues, daily or weekly contests, and head-to-head matchups. Beyond passive spectatorship, they provide fans with an active role, fostering a deeper connection with their favorite games and athletes. Moreover, participants can hone their analytical skills by analyzing player statistics, predicting performance trends, and making strategic decisions. Fantasy sports also foster camaraderie and healthy competition among individuals who share similar interests. They provide an engaging way to introduce newcomers to sports and their complexities, making them increasingly popular in India.
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India Fantasy Sports Market Trends and Drivers:
Currently, the market in India is experiencing substantial growth, driven by the increasing popularity of sports as a form of entertainment. More individuals are recognizing the appeal of sports as a recreational activity, contributing to the market's expansion. Furthermore, the development of user-friendly gaming platforms has made it easier for participants to create, manage, and strategize their fantasy teams, which is fostering market growth.
The proliferation of gaming apps that offer unmatched convenience is another key factor propelling the market. These apps enable users to participate in fantasy leagues and monitor their teams in real-time, regardless of their location. Additionally, collaborations between fantasy sports platforms and major sports networks are enhancing the visibility and promotion of fantasy leagues, further contributing to market growth. The increasing legalization of sports betting in various countries is also playing a role in the market's growth, as it enables individuals to engage in sports betting in a competitive yet responsible manner. The growing popularity of e-sports among millennials as a form of entertainment is adding momentum to the market as well. Lastly, the rising monetization of online games through advertisements and subscription models is bolstering market growth in India.
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Who are the key players operating in the industry?
• 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
Breakup by Region:
• North India
• West and Central India
• South India
• East India
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• 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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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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