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Fantasy Sports Market to Grow at 10.16% CAGR to 2016-2020

Monday, October 24, 2016 3:48
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Global Fantasy Sports Market 2016-2020 New Research adds on report in including 67 Pages and provides Exhibits.

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.

The analysts forecast global fantasy sport Market to grow at a CAGR of 10.16% during the period 2016-2020.  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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According to the fantasy sport Market report, 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.

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The report covers the present scenario and the growth prospects of the global fantasy sport market 2016-2020. To calculate the market size, the report considers the revenue generated from the league fee paid by end-users to participate in fantasy sports events.

The market is divided into the following segments based on geography:

  • North America
  • Europe
  • APAC
  • ROW

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This report, Global Fantasy Sports Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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