How big is the India Fantasy Sports Market?
IMARC Group, a leading market research company, has recently releases report titled “India Fantasy Sports Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the fantasy sports market size in India is expected to exhibit a growth rate (CAGR) of 44.6% during 2023-2028.
What are Fantasy sports?
Fantasy sports, also called rotisserie or roto, represents a type of game where users create virtual teams and participate in contests and leagues that imitate the real-world conditions of the sport. It is played on the internet with proxies of real players. In line with this, fantasy sports include numerous games, such as basketball, cricket, golf, hockey, football, soccer, etc. It helps in earning real money and rewards. Fantasy sports also assists the participants in improving their decision-making capabilities, increasing their learning ability, providing deep insights into various sports games, etc. It also benefits several stakeholders while generating indirect and direct employment opportunities.
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India Fantasy Sports Market Trends and Drivers:
The widespread adoption of smartphones and the rising penetration of high-speed internet connectivity are primarily driving the India fantasy sports market. Additionally, continuous technological advancements in the online gaming sector, such as the introduction of analytics and blockchain for providing more immersive experiences to users, are further bolstering the market growth. Besides this, the inflating popularity of TV shows, YouTube channels, vlogs, newspaper columns, blogs, forums, etc., where experts analyze upcoming trends and performances related to fantasy sports, is acting as another significant growth-inducing factor.
Moreover, the growing number of sports leagues and annual sports events is augmenting the market growth across the country. Apart from this, the increasing investments in fantasy sports platforms are also propelling the market growth. Furthermore, the development of innovative solutions to lower transaction failure rates and enable seamless payment experiences via safe and verified digital portals is anticipated to fuel the India fantasy sports market over the forecasted period.
Who are the key players operating in the industry?
- Dream Sports Group
- Mobile Premier League (MPL) (Galactus Funware Technology Private Limited)
- 11 Wickets.com (Ability Games Pvt. Ltd)
- BalleBaazi, MyTeam11
- MyFab11
- Paytm First Games Pvt. Ltd.
- Fantasy Power 11 and Head Digital Works Pvt Ltd.
The report has segmented the market on the basis of sports type, platform and demographics.
Breakup by Sports Type:
- Cricket
- Football
- Others
Breakup by Platform:
- Website
- Mobile Application
Breakup by Demographics:
- Under 25 Years
- 25-40 Years
- Above 40 Years
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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