Fantasy Sports Market Analysis Highlights the Impact of COVID-19 (2020–2024) | Launch of Various Apps for Fantasy Sports to Boost the Market Growth | Technavio

Technavio has been monitoring the fantasy sports market and it is poised to grow by USD 9.34 billion during 2020–2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• What was the size of the fantasy sports market in 2019?
• Technavio says that the value of market was at USD 15.23 billion in 2019 and is projected to reach USD 24.57 billion by 2024.
• Based on segmentation by type, which is the leading segment in the market?
• The fantasy soccer segment is expected to be the leading segment based on type in the global market during the forecast period.
• At what rate is the market projected to grow?
• The market will grow at a CAGR of over 10% during the forecast period.
• Who are the top players in the market?
• CBS Corp., DraftKings Inc., Fox Corp., Paddy Power Betfair Plc, Roto Sports Inc., Sporta Technologies Private Ltd., Sportech Inc., The Football Association Premier League Ltd., The Walt Disney Company, and Verizon Communications Inc. are some of the major market participants.
• What are the key market drivers and challenges?
• The launch of various apps for fantasy sports and the use of fantasy sports for brand promotion are the major factors driving the market. However, the popularity of mobile video games and traditional e-sports restraints the market growth.
• How big is the North American market?
• The market in the North America region was valued at USD 6.96 billion in 2019 and it is anticipated to grow to USD 11.10 billion by 2024.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CBS Corp., DraftKings Inc., Fox Corp., Paddy Power Betfair Plc, Roto Sports Inc., Sporta Technologies Private Ltd., Sportech Inc., The Football Association Premier League Ltd., The Walt Disney Company, and Verizon Communications Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Launch of various apps for fantasy sports has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Fantasy Sports Market 2020–2024: Segmentation

Fantasy Sports Market is segmented as below:

• Type
• Geographic Landscape
• Fantasy Soccer
• Fantasy Baseball
• Fantasy Football
• Other Sports
• APAC
• Europe
• MEA
• North America
• South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40508

Fantasy Sports Market 2020–2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fantasy sports market report covers the following areas:

• Fantasy Sports Market Size
• Fantasy Sports Market Trends
• Fantasy Sports Market Analysis

This study identifies the use of fantasy sports for brand promotion as one of the prime reasons driving the fantasy sports market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.