$ 6.28 Billion Growth Expected in Fantasy Sports Market | COVID-19 Impact Analysis in Q1 2021 | North America to Notice Maximum Growth

$ 6.28 Billion Growth Expected in Fantasy Sports Market | COVID-19 Impact Analysis in Q1 2021 | North America to Notice Maximum Growth

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The COVID-19 pandemic affected the growth of various industries, commercial activities, and sports. This led to the postponement of major leagues that reduced the revenue of fantasy sports vendors, which hindered the growth of the market in 2020. However, the launch of various apps for fantasy sports is expected to increase the revenue of market vendors, thereby positively influencing the market growth.

The market is expected to be driven by factors such as the launch of various apps for fantasy sports and the increasing number of sports leagues.

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Fantasy Sports Market: Opportunities

The gaming market has grown significantly over the years. Many companies are promoting eSports, which is encouraging new gamers to take up gaming as a profession. Besides, the rising number of esports tournaments is expected to create significant growth opportunities in the market during the forecast period.

Fantasy Sports Market: Segmentation by Type

Based on the segmentation by type, the market generated maximum revenue in the fantasy soccer segment in 2019. The segment is mainly driven by the facilities that fantasy soccer players receive. Fantasy sports websites allow users to transfer their players multiple times. Some websites allow the unlimited transfer of players during a season. Many such benefits are fostering the growth of the fantasy soccer segment.

Fantasy Sports Market: Segmentation by Geography

North America held the largest market share in 2019 and the market growth in the region is expected to be slower compared to the growth of the market in MEA and APAC. Factors such as the increasing number of players, the rising popularity of football, and the strong presence of internet infrastructure are expected to drive the growth of the fantasy sports market in North America during the forecast period.

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Fantasy Sports Market: Major Vendors

DraftKings Inc.
The company provides DraftKings soccer, a virtual environment where the players assemble imaginary or virtual teams of real soccer players. The company also offers DraftKings MMA, a virtual environment where the players assemble imaginary or virtual teams of real MMA players.

Sporta Technologies Pvt. Ltd.
The company provides a multi-sport aggregator platform for every sports fan offering a wide spectrum of content, commerce, and community engagement. The company offers fantasy cricket league and fantasy football league under the Dream 11 brand.

Sportech Inc.
The company provides a virtual environment where the players assemble imaginary or virtual teams of real horse racing players.

The Football Association Premier League Ltd.
The company provides a virtual environment where the players assemble imaginary or virtual teams of real soccer players.

Verizon Communications Inc.
The provides wireless and wireline communications services and products, video and data services, corporate networking solutions, security and managed network services, and others. The company offers fantasy golf league services and fantasy auto racing league services.

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Related Reports on Fantasy Sports Market:

Global Sports Betting Market – Global sports betting market is segmented by platform (offline and online) and geography (APAC, Europe, MEA, North America, and South America).
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Global Sports Sponsorship Market – Global sports sponsorship market is segmented by type (signage, digital activation, club and venue activation, and others) and geography (APAC, Europe, MEA, North America, and South America).
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Global Sports Coaching Market – Global sports coaching market is segmented by type (sports camps and personalized trainings and recreational camps) and geography (North America, Europe, APAC, South America, and MEA).
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Global Horse and Sports Betting Market – Global horse and sports betting market is segmented by platform (offline betting and online betting) and geography (Europe, APAC, North America, South America, and MEA).
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Global Esports Market – Global esports market is segmented by game genre (MOBA, FPS, RTS, and others) and geographic (APAC, Europe, MEA, North America, and South America).
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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type placement
  • Fantasy soccer – Market size and forecast 2019-2024
  • Fantasy baseball – Market size and forecast 2019-2024
  • Fantasy basketball – Market size and forecast 2019-2024
  • Fantasy football – Market size and forecast 2019-2024
  • Other sports – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • CBS Corp.
  • DraftKings Inc.
  • Fox Corp.
  • Paddy Power Betfair Plc
  • Roto Sports Inc.
  • Sporta Technologies Private Ltd.
  • Sportech Inc.
  • The Football Association Premier League Ltd.
  • The Walt Disney Company
  • Verizon Communications Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Report: www.technavio.com/report/fantasy-sports-market-industry-analysis

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