Fantasy Sports Market to Grow at CAGR of 10.16 %: Global Market Opportunities, Threats Faced by the Key Vendors Analysis and Forecast 2017-2021

Fantasy Sports market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the Fantasy Sports market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Fantasy Sports market size of various segments.

Fantasy sports is a type of online game where participants assemble virtual teams of professional players of a particular sport. Such teams then compete based on their actual statistical performances in the actual games being played by them. Based on this performance of the chosen players of the fantasy team, the points for the team are compiled and totaled. The point system for fantasy leagues are calculated by a league commissioner, or may also be calculated by tracking actual results of the professional sport.

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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Fantasy Sports market projected to grow at a CAGR of 10.16% during the period 2017-2021.

Fantasy Sports Market Drivers, Challenges and Trends: –

Market Driver: – The medium allows individuals to exercise direct control over the operations of their fantasy sports team. they also provide the individual with the chance to live vicariously as general managers, franchise owners, or coaches of their own team or teams by structuring and drafting the team. they also have the liberty to structure the team in a manner where they can start and organize rosters of athletes playing for them. in addition, playing fantasy sports creates a competitive experience among friends and fellow fantasy sports enthusiasts. the medium also enables sharing of knowledge and expertise. these games also provide a platform for end-users to interact with their friends and colleagues while engaging in their favorite leisure activity.

Market Challenge: – In many countries, including brazil, fantasy sports are considered to be a new form of gambling. the success of any fantasy sports team depends both on performance and luck. vendors maintain that fantasy sports are games of skill and do not involve gambling. therefore, these games do not face the same kind of restrictions faced by online gambling.

Market trend: – Initially, the professional league industry was highly conservative regarding DFS activities. However, the industry has a much more liberal and accepting view today. Earlier, league authorities dismissed the advent of daily fantasy leagues, pointing out that such activities would lead to players being exploited as assets, rather than being looked upon for their skills on the field. However, with the larger acceptance of the medium among the populace, we see that professional leagues have now made way for several pro league and daily fantasy partnerships

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Market segmentation by product:- fantasy soccer market, fantasy baseball market, fantasy basketball market, fantasy football market, other fantasy sports market

Geographic Segmentation: – North America , Europe, APAC, ROW

To calculate the Fantasy Sports market size the report considers the revenue generated from the league fee paid by end-users to participate in fantasy sports events The report covers the market landscape and its growth prospects over the coming years.  Further it converses about key vendors operating in Fantasy Sports market like CBS, DraftKings, ESPN, FanDuel, Yahoo and many more.

Some of the Exhibits included in Fantasy Sports Market report: –

Exhibit 01: Global fantasy sports market by product type

Exhibit 02: List of countries by geography

Exhibit 03: Product offerings

Exhibit 04: Overview of the global fantasy sports market

Exhibit 05: Global fantasy sports market 2015-2020 ($ billions)

 

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With geographic breakdown of the Fantasy Sports market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.