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Global Fantasy Sports Market Set to Expand, Projected to Reach $40.88 Billion by 2027

Fantasy Sports Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company’s Fantasy Sports Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The market size of global fantasy sports is expected to grow to $40.88 billion in 2027 at a CAGR of 9.0%.”

— The Business Research Company

LONDON, GREATER LONDON, UK, December 22, 2023 /EINPresswire.com/ — Year End Offer By The Business Research Company – Get 33% Discount On Opportunities And Strategies Reports And 25% Discount On Global Market Reports

The global fantasy sports market is poised for significant growth, with the market size expected to increase from $25.44 billion in 2022 to $28.96 billion in 2023, representing a robust compound annual growth rate (CAGR) of 13.9%. Looking ahead, the market is anticipated to reach $40.88 billion by 2027, maintaining a steady CAGR of 9.0%.

Driving Forces: Increasing Youth Population Spurs Market Growth
The surge in the fantasy sports market is propelled by the growing youth population, particularly the segment spending a substantial amount of time on smartphones and social media. Fantasy sports provide an avenue for the youth to engage in enjoyable conversations and competitions with their peers. According to the World Youth Report (2020), the global population aged 15 to 24 years accounted for 1.2 billion people, representing 16% of the total population. With an expected increase of 7% by 2030, reaching 1.3 billion, the expanding youth demographic is a key factor driving the growth of the fantasy sports market.

Explore the global fantasy sports market with a detailed sample report:

Major Players: Industry Leaders and Pioneers
Key players dominating the fantasy sports market landscape include DraftKings, Fan Duel, Fantrax, Nfl Fantasy, Dream Sports, Yahoo Fantasy, Bovada, Fox Sports Fantasy Football, Fantasy Pros, Good Gamer Corporation, Draft Team Fantasy Sports, 11Wickets, Battlefy, Mobile Premier League (Mpl), Sportito, and Winview Games.

Trends: Artificial Intelligence Reshaping Fantasy Sports Experience
A noteworthy trend in the fantasy sports market is the increasing adoption of artificial intelligence (AI). AI is revolutionizing the gaming experience by helping players focus on critical decisions such as player selection and trading. Major industry players are leveraging AI technology to simplify fantasy sports trading. Notably, IBM and ESPN introduced a fantasy football app feature in September 2020, utilizing IBM Watson’s AI capabilities to facilitate fair transactions and enhance player engagement.

Market Segmentation:
1. By Sports Type:
•Other Types
2. By Platform:
•Mobile Application
3. By Usage Type:
4. By Application:
•Individual Competition
•Team Competition

Access the complete report for an in-depth analysis of the global fantasy sports market:

Fantasy Sports Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Fantasy Sports Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on fantasy sports market size, fantasy sports market drivers and trends, fantasy sports market major players, competitors’ revenues, market positioning, and market growth across geographies. The fantasy sports market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
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About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

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The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

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Originally published at https://www.einpresswire.com/article/676802998/global-fantasy-sports-market-set-to-expand-projected-to-reach-40-88-billion-by-2027

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