Published Date : Nov 14, 2016
ALBANY, NY, Nov 14, 2016: The 67-page report, titled “Global Fantasy Sports Market 2016-2020” overviews the market for the current trends, highlights the drivers that will help expand the demand and restraining factors that will curtail the growth rate. Taking all factors into consideration, the report forecasts a significant CAGR of 10.16% in the global market for fantasy sports from 2016 to 2020.
Fantasy sports is a type of online game where participants assemble virtual teams of professional players of a certain sport. These participant’s teams then compete among each other based on the performances of actual players in actual games. The points from the team are then compiled and totaled to adjudge the winners.
To calculate the market size, the report has considered the revenue generated from the league fee paid by the end-users to participate in the fantasy sports events. Geographically, the report divides the global market for fantasy sports into North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW).
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This research report has been prepared via thorough market reports with inputs from industry experts. The report also profiles some of the key vendors in the global fantasy sports market, detailing their product segments, key competitors, their strategies as well as the funding that they have received. These key players include CBS, ESPN, Yahoo, DraftKings, and FanDuel. According to the report, some of the other prominent players in the global market for fantasy sports are Ballr, FantasyAces, Fantrax, and Bovada.
The report reveals that the primary driver in the global market for fantasy sports is vendor’s direct control over the operations. Increased social media penetration across the globe has provided the vendors a swift way to gain new consumers while the widespread reach of the internet is only further fueling demand. Moreover, report highlights that users who are already participating in fantasy sports leagues are encouraging new users. Conversely, factors such as negative perceptions about fantasy sports and increasing traction of mobile video games and traditional e-sports are expected to curtail the market’s expansion. The report explores the impact of all these drivers and restraints on the future of the global fantasy sports market.
Some of the trends in the current market according to this report are: Increased traction for daily fantasy leagues, increasing strategic advertising expenditure and media partnerships, and partnerships between pro-leagues and daily fantasy vendors.
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