Press release
India Fantasy Sports Market To Hit a CAGR of 44.6% by 2028 | MyTeam11, BalleBaazi, MPL
India Fantasy Sports Market
The fantasy sports in India is expected to exhibit a growth rate (CAGR) of 44.6% during 2023-2028.
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.
What are Fantasy sports?
Fantasy sports are online games that allow participants to create virtual teams with real professional athletes from various sports leagues. They involve joining leagues with friends, family, or colleagues, which fosters friendly competition and opportunities for social interaction. They offer fans a deeper level of engagement with their favorite sports, as participants root for the players on their fantasy team. They also provide cash prizes or other incentives for successful team management, adding an extra layer of motivation. They help enhance sports knowledge and analytical abilities, as building and managing a fantasy team requires strategic thinking, player analysis, and decision-making skills. As they are accessible to anyone with an internet connection, making it a global phenomenon that transcends geographical boundaries, the demand for fantasy sports is rising in India.
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India Fantasy Sports Market Trends and Drivers:
The rising reliance on smartphones and affordable data plans is making it easier for people across urban and rural areas to access fantasy sports platforms. This, along with the growing number of people having passion for cricket, represents one of the key factors offering a favorable market outlook in India. Besides this, fantasy sports platforms are utilizing technology to provide users with an immersive and user-friendly experience. Features like live score updates, real-time statistics, and interactive interfaces enhance user engagement, which is propelling the growth of the market in the country. In addition, several states in India are recognizing fantasy sports as skill-based games. This, in turn, is offering lucrative growth opportunities to industry investors. Moreover, key companies are investing in marketing and partnerships with sports leagues and teams. This is not only promoting the platforms but also aligning them with the sports ecosystem, increasing their credibility. Apart from this, various monetization models, including paid contests and partnerships with advertisers, are contributing to revenue generation for fantasy sports platforms, which is bolstering the market growth in India.
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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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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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