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Fantasy Sports Market: Introduction

  • A fantasy sport, also called rotisserie sport or roto, is often played with the help of the internet on a computer or smartphone. A fantasy sport is an online game where participants gather virtually or in imaginary teams of real players of a professional sport. Virtual teams play based on the statistical performance of professional players in actual tournaments. This performance is transformed into points that are compiled and summed according to a roster selected by each fantasy team’s manager. The team manager’s key responsibilities include drafting, trading, and dropping of players.

Key Drivers of the Global Fantasy Sports Market

  • Rising consumer spending on recreational activities and growth in urban population are driving the demand for fantasy sports across the world. Furthermore, young consumers prefer fantasy sports as an alternative to other online games. Technology advancement and rising consumer awareness in untapped markets is expected to boost the growth of the fantasy sports market in the near future.
  • Disposable income of millennial population has increased significantly during recent years. Thus, consumers are willing to spend on multiple entertainment alternatives. Affordable subscriptions of mobile-apps and low cost of internet is shaping consumer attitude and preference for innovative recreational activities such as fantasy sports. Moreover, key companies engaged in the development of fantasy sport platforms are designing more user-friendly and easy to understand mobile applications at reasonable membership charges.

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Opportunity in the Global Fantasy Sports Market

  • Transformations in internet infrastructure and rising government initiatives to support the digital economy is anticipated to offer significant opportunities to the fantasy sports market in the near future. This progress in digital infrastructure enables the availability of high speed internet to large consumers, helping in the adoption of fantasy sports. The option of playing the sport on a handheld device and at any given point irrespective of location and time has significantly helped user engagement around fantasy sports.

COVID-19 Pandemic to Offer Significant Opportunities in the Coming Years

  • The Covid-19 pandemic has affected the overall sports industry largely and so also the fantasy sports market. Many sports tournaments on the national and global level have been postponed or cancelled due to social distancing requirements and worldwide lockdowns. As a result, the fantasy sports market is facing major challenges.

North America Accounts for Dominant Share in the Fantasy Sports Market

  • By geography, the global fantasy sports market is classified into South America (SA), North America (NA), Europe (EU), Middle East & Africa (MEA), and Asia Pacific (APAC).
  • Country-level bifurcation of the North America market includes the forecast and analysis for the U.S., Canada, and Rest of North America. Country-level analysis and forecast for the Europe market includes historical and forecast analysis of the fantasy sports market in the U.K., Germany, France, and Rest of Europe. Country-level analysis and forecast for the Asia Pacific market includes major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast for the fantasy sports market includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America fantasy sports market is categorized into Brazil, and Rest of South America.
  • Favorable demographics and high consumer preference for fantasy sports are the key factors driving the growth of the market in North America. Fantasy football is widely preferred by American consumers. According to Fantasy Sports & Gaming Association, the number of fantasy sports players in the U.S. grew from 42 million in 2015 to 68.8 million in 2019.

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Key Players Operating in the Global Market

Key companies are investing in improved technology to offer user friendly platforms for fantasy sports. Strategic partnerships with digital companies, continuous upgrade, and aggressive marketing and promotions across different social media platforms are key strategies of industry players.

Some of the major companies identified in the global fantasy sports market include:

  • Dream Sports Inc. (Dream 11)
  • Reality Sports Online
  • Hypometer Technologies
  • UltraPlay
  • Boom Fantasy
  • DraftKings, Inc.
  • FanDuel
  • LiveLike
  • The Walt Disney Company
  • Sportech Inc.

Global Fantasy Sports Market: Research Scope

Global Fantasy Sports Market, by Sports Type

  • Soccer
  • Baseball
  • Football
  • Cricket
  • Others (Hockey, etc.)

Global Fantasy Sports Market, by Platform

  • Websites
  • Mobile Application

Global Fantasy sports Market, by Age Group

  • Children
  • Adult

Global Fantasy sports Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report on the global fantasy sports market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Fantasy Sports Market

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