The Fantasy Sports Market is being driven by Launch of various apps for fantasy sports
The Fantasy Sports Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10132.9 million. In the realm of marketing, fantasy sports have emerged as a popular tool for brands to engage consumers and boost product visibility. Notable companies, such as Unilever and ESPN, have collaborated on the Dove Men+Care fantasy football hub, offering exclusive insights and expert advice to consumers. Meanwhile, Toyota secured advertising spots in Yahoo's fantasy football league recaps. Hilton, too, has entered the fray with a free-entry fantasy racing contest for its Honors club members, targeting high-income demographics aged 25 to 50. These global brands effectively leverage fantasy sports to connect with their audience and strengthen brand loyalty.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
201 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2025-2029 |
USD 10132.9 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
6.1 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), US, China, UK, Canada, Germany, Mexico, France, India, Brazil, Japan, and UAE |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Fantasy Sports Market encompasses various sports leagues and tournaments, including the NFL, Premier League, IPL, and more, offering fan engagement through fantasy sports platforms. High-speed internet and secure payment methods facilitate this Online Gaming Business. Blockchain-based apps and chatbots enhance user experience. Sports Tech innovations by Software engineers and Data scientists drive Fantasy Sports Industry trends. Baseball, Cricket, Football (rugby), Volleyball, and others are popular sports for Fantasy Sports Leagues. Smartphones and Internet penetration fuel Mobile Fantasy Sports growth. Fantasize about Football, Basketball, Cricket, and more with Fantasy Sports Apps, generating significant Fantasy Sports Revenue and Participation. Illegal sports betting remains a concern. Fantasy Sports Technology continues to evolve, shaping the future of Digital Fantasy Sports.
The global leisure products market encompasses a range of sectors, including sports and entertainment. Within this category, fantasy sports platforms have emerged as a significant growth driver. The proliferation of high-speed internet and the increasing popularity of sports leagues and tournaments, such as the NFL, Premier League, IPL, and eSports, have fueled fan engagement in online gaming. Technavio projects the global market for household durables, which includes fantasy sports platforms, to expand due to the rising memberships in health and fitness clubs and the subsequent increase in disposable income. This trend is expected to continue as consumers seek innovative ways to engage with their favorite sports and teams.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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