Press release
Exploring the Fantasy Sports Market: An Insight into Projected Market Sizes, Key Players, Trends, and Growth Factors
Fantasy Sports Market
What Is The Projected Market Size Of The Global Fantasy Sports Market And Its Growth Rate?
The fantasy sports market has been growing at a phenomenal pace, and the trend is expected to continue into the future. Here are some key industry highlights:
- The market size, which was $30.83 billion in 2024, is expected to grow to $34.23 billion in 2025. This represents a compound annual growth rate (CAGR) of 11.0%.
- Factors attributing to this historic growth include intensified internet and mobile penetration, popularity of major sports leagues, social connectivity, and the emergence of interactive platforms offering cross-platform accessibility.
- Further down the line, the fantasy sports market size is predicted to surge to $59.63 billion in 2029 with a CAGR of 14.9%.
- The forecast period will witness the emergence of new sports, enhanced user engagement features, gamification elements, legalization and regulation, and integration with social media.
What Is Driving The Growth In The Fantasy Sports Market?
Dramatic market expansion in the fantasy sports sector is largely attributed to the increasing youth population. Today's youth are spending a large portion of their time on smartphones and social media platforms. The allure of fantasy sports offers them an opportunity to connect in a more enjoyable and competitive way. As reported by the United Nations in November 2022, currently, there are 1.2 billion young people aged between 15 to 24 years, representing 16 percent of the global population. This demographic is projected to grow by 7 percent to nearly 1.3 billion by 2030. This surge in the youth population is a major growth propellor for the fantasy sports market.
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Who Are the Key Players Driving Fantasy Sports Market Growth?
The growth of the market is underpinned by the efforts of the following key players:
- ESPN Inc.
- FanDuel Group
- DraftKings Inc.
- CBS Sports
- Dream Sports
- PlayON Fantasy Sports
- Mobile Premier League
- PlayUp Limited
- PrizePicks
- RotoWire.com LLC
- Bovada
- FantasyPros
- Fantrax LLC
- Sleeper
- Boom Sports
- MyFantasyLeague.com
- 11Wickets
- Sofa Superstars
- WinView Games
- BalleBaazi
- NFL Fantasy Football
- Yahoo Fantasy Sports
- NBC Sports Edge
- Fox Sports Fantasy Football
- Draft Team Fantasy Sports
- Sportito
- FSM Fantasy Sports
What Are The Key Trends In The Fantasy Sports Market?
The forecast period is anticipated to witness major trends such as:
- Integration of augmented reality (AR) and virtual reality (VR)
- Incorporation of blockchain technology
- Collaborations with sports leagues and teams
- AI-driven recommendations
- Customized and personalized user experiences
What Are The Segments Of The Global Fantasy Sports Market?
The Fantasy Sports market consists of the following segments:
- Sports Type: Football, Baseball, Basket Ball, Hockey, Cricket, Other Types
- Platform: Website, Mobile Application
- Usage Type: Free, Paid, Hybrid
- Application: Individual Competition, Team Competition
Which Region Leads The Fantasy Sports Market?
North America stood as the largest regional market for fantasy sports in 2024. However, Asia-Pacific promises to be the fastest-growing region during the forecast period. The areas covered in the fantasy sports market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Fantasy Sports Market Global Market Report?
- Market Size Analysis: Analyze the Fantasy Sports Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fantasy Sports Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fantasy Sports Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fantasy Sports Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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