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 in India is expected to exhibit a growth rate (CAGR) of 44.6% during 2023-2028.
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What are Fantasy sports?
Fantasy sports is a form of online gaming wherein participants assemble virtual teams of real-life professional athletes from various sports leagues. It allows fans to become team managers, strategists, and decision-makers, testing their knowledge and skills against other participants. It enables participants to create their teams by selecting players from a pool, usually within a specified budget or draft order, where these selected players earn points based on their actual performance in real-world games. As it offers an interactive and immersive experience for sports enthusiasts, enabling them to stay connected and engaged with their favorite sports leagues and players, the demand for fantasy sports is increasing in India.
India Fantasy Sports Market Trends and Drivers:
At present, the rising demand for fantasy sports, as it provides a platform for friendly competition, strategic decision-making, and fostering a sense of community among fans, represents one of the key factors supporting the growth of the market in India. In addition, the growing number of domestic and international funding in the fantasy sports industry in the country is positively influencing the market. Besides this, the increasing usage of smartphones and the availability of affordable Internet services are propelling the growth of the market. Moreover, the rising participation in fantasy sports due to easy access to digital platforms is strengthening the growth of the market in India.
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Who are the key players operating in the industry?
The report has segmented the market on the basis of sports type, platform and demographics.
Breakup by Sports Type:
Breakup by Platform:
Breakup by Demographics:
Breakup by Region:
Key highlights of the report:
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