Fantasy Sports Market 2023 by Key players and Vendors

IMARC Group, a leading market research company, has recently releases report titled “Fantasy Sports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global fantasy sports market size, trends, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Fantasy Sports Market

Fantasy Sports stands as a widely embraced online gaming platform that grants users the ability to forge virtual sports teams, composed of actual professional athletes spanning diverse leagues like football, basketball, and baseball. This immersive endeavor involves the intricacies of overseeing a team that amasses points based on the real-world statistical feats achieved by athletes during their respective matches. These feats encompass a spectrum of actions, such as scoring goals, accruing yards, and delivering strikeouts, contingent upon the specific sport. Triumph in Fantasy Sports hinges on the superior performance of handpicked players. Participants employ their comprehension of the sport and the performance metrics of athletes to strategically assemble their squads. This platform also empowers users to craft virtual teams that go head-to-head, mirroring the genuine on-field accomplishments of the selected athletes during real-life contests. Central to the experience are an array of player statistics, injury updates, and performance insights, equipping participants with the tools to make judicious choices when shaping their team rosters for a given round of matches. A budget is allocated to secure players, introducing a strategic facet to the game as individuals must adeptly manage their resources to forge a competitive lineup. Beyond the gameplay, Fantasy Sports nurtures a spirit of camaraderie among participants, frequently leading them to engage in leagues alongside friends, colleagues, or fellow enthusiasts. Moreover, it enriches the overall sports-watching encounter, as participants develop a vested interest in the performances of individual athletes extending beyond their personal favorite teams.

How Big Is the Fantasy Sports Market?

The global fantasy sports market size reached US$ 23.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.6 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.

Global Industry Trends and Drivers:

Currently, the proliferation of digital platforms and widespread accessibility to the internet stands as a pivotal catalyst bolstering the market's expansion. This digital terrain fosters a worldwide interconnectedness, enabling enthusiasts from diverse corners of the globe to partake in the same fantasy leagues. Alongside this trend, the mounting appetite for fantasy sports, driven by their capacity to provide an immersive and interactive experience for sports aficionados, is actively propelling market growth. Furthermore, the escalating desire for fantasy sports derives from their ability to heighten fan engagement through the creation and management of personalized virtual teams. This engenders a profound connection with the games and players, thus positively influencing market dynamics. This phenomenon is magnified by the presence of real-time sports data and sophisticated analytical tools, which furnish a data-centric experience and, in turn, yield attractive growth prospects for industry investors. Aligned with this trend, participants delve into player statistics and game performances to make astute decisions, elevating the strategic dimension of the game. Complementing this, fantasy sports platforms are harnessing monetization strategies like entry fees, in-app purchases, and sponsorships. This strategic approach beckons both individual participants and corporate sponsors, consequently contributing to the overall expansion of the market.

What Is Included in Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Sports Type:

• Football

• Baseball

• Basketball

• Hockey

• Cricket

• Others

Breakup by Platform:

• Website

• Mobile Application

Breakup by Demographics:

• Under 25 Years

• 25-40 Years

• Above 40 Years

Breakup by Region:

• North America

  • United States

  • Canada

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Others

• Europe

  • Germany

  • France

  • United Kingdom

  • Italy

  • Spain

  • Russia

  • Others

• Latin America

  • Brazil

  • Mexico

  • Others

• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

Apollo Global Management Inc., CBS Sports Network (CBS Broadcasting, Inc.), Dream Sports Inc., Fantasy Power 11, FantasyPros, Fantrax, Flutter Entertainment plc, Fsport, Galactus Funware Technology Private Limited, Gameskraft Technologies, RealTime Fantasy Sports Inc., RotoBash and Sachar Gaming Private Limited.