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Fantasy Sports Market Size, Share Analysis Growth Demand, Scope, Trends, Top Players, Key Drivers, And Forecast To 2032
Fantasy Sports Market Analysis
The Business Research Company's Fantasy Sports Global Market Report 2023 identifies increasing youth population as the major driver for the fantasy sports market's growth in the forecast period. The present youth spending more and more time on smartphones and, by extension, social media, and fantasy sports has provided them with the possibility to connect and have more enjoyable conversations and competitions with their peers.
The global fantasy sports market size will grow from $25.44 billion in 2022 to $28.96 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global fantasy sports is expected to grow to $40.88 billion in 2027 at a CAGR of 9.0%.
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Major competitors in the fantasy sports market are DraftKings, Fan Duel, Fantrax, Nfl Fantasy, Dream Sports, Yahoo Fantasy, Bovada, Fox Sports Fantasy Football, Fantasy Pros.
A key trend in the fantasy sports market includes Artificial intelligence. Artificial intelligence (AI) is the capacity of a computer or a robot operated by a computer to do activities that normally involve human intelligence and discernment. Major players operating in the fantasy sports sector are focused on artificial intelligence technology to reduce the complexities in fantasy sports trading. For instance, in September 2020, IBM and ESPN introduced a new fantasy football app feature that uses IBM Watson's artificial intelligence to generate fair transactions and keep players informed. The feature develops on ESPN and IBM's efforts to use artificial intelligence to make fantasy football more interesting (AI).
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https://www.thebusinessresearchcompany.com/report/fantasy-sports-global-market-report
The fantasy sports market is segmented -
1) By Sports Type: Football, Baseball, Basket Ball, Hockey, Cricket, Other Types
2) By Platform: Website, Mobile Application
3) By Usage Type: Free, Paid, Hybird
4) By Application: Individual Competition, Team Competition
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the fantasy sports market.
The Business Research Company's "Global Fantasy Sports Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fantasy Sports Market Include:
1. Executive Summary
2. Fantasy Sports Market Characteristics
3. Fantasy Sports Market Trends And Strategies
4. Fantasy Sports Market - Macro Economic Scenario
5. Fantasy Sports Market Size And Growth
….
26. Africa Fantasy Sports Market
27. Fantasy Sports Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fantasy Sports Market
29. Fantasy Sports Market Future Outlook and Potential Analysis
30. Appendix
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