Rising Popularity for Daily Fantasy Leagues to Encourage Growth of Global Fantasy Sports Market

Published On : 27 Dec 2016

A new research study has been recently added by QYReseachReports.com to its vast collection of research reports. The 124-page research study, titled “Global Fantasy Sports Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021,” offers an in-depth analysis of the market. The product segmentation, technological developments, primary applications, key geographical segments, and the competitive landscape of the global fantasy sports market have been discussed at length in the scope of the study. Moreover, the research study throws light on the latest trends, lucrative opportunities, and the limitations to provide a strong understand to the readers.

The rising participation in different fantasy sports and the widespread reach of the internet are the important factors likely to encourage the growth of the global fantasy sports market throughout the forecast period. In addition, the rising social media optimizers and the direct control over operations are anticipated to supplement the growth of the market. On the other hand, the rising popularity of mobile video games and traditional e-sports and the perception about fantasy sports are estimated to restrict the growth of the overall market throughout the forecast period. 

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The rising strategic advertising spending and growing media partnerships are expected to generate promising opportunities for market players. In addition, the rising traction for daily fantasy leagues and the partnerships between daily fantasy vendors and pro leagues are likely to contribute extensively towards the development of the market. With the help of these factors, the global fantasy sports market is projected to register a significant growth rate throughout the forecast period. The key segmentation of the global fantasy sports market has been included in the study, along with the key market share and the expected growth rate of the leading segments.

At present, the global market for fantasy sports is consolidated and competitive in nature with the presence of well-established players. To maintain a leading position in the global market, these players are focusing on the expansion of their product portfolio and service extensions. Moreover, the rising number of mergers and acquisitions and technological developments in this field are expected to encourage the growth of the overall market and help players to grow in the next few years. With the rising number of players, the market is projected to witness stiff competition in the coming years.

Some of the leading players operating in the global fantasy sports market are Fantasy Aces, Victiv, Fantrax, FanDuel, DraftTeam Fantasy Sports, DraftDay, Fantasy Fued, MGT Capital Investments, Bovada, Yahoo, Ballr, CBS, ESPN, and DraftKings. The research study has provided a detailed overview of these players, presenting insights into the company profiles, business strategies, financial overview, recent developments, and SWOT analysis to provide a clear understanding of the global fantasy sports market.

 


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