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Nov 29

Global Fantasy Sports Market 2018-2022| High Internet Penetration and Increasing Adoption of Smartphones …

LONDON–(BUSINESS WIRE)–Nov 29, 2018–The global fantasy sports market 2018-2022 is expected to post a CAGR of close to 12% during the forecast period, according to the latest market research report by .

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Technavio predicts the global fantasy sports market to post a CAGR of close to 12% by 2022. (Graphic: Business Wire)

A key factor driving the growth of the market is high internet penetration and increasing adoption of smartphones. Increased internet penetration, especially in APAC, is likely to drive the market during the forecast period. Affordable smartphones and high-speed internet access have surged the number of a fantasy sports player. Smartphones help end-users play fantasy sports irrespective of location and time. This also augments participation in fantasy sports through mobile devices, which will drive market growth.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the use of fantasy sports for brand promotion as one of the key emerging trends in the global fantasy sports market:

Global fantasy sports market: Use of fantasy sports for brand promotion

The use of fantasy sports for brand promotion has become a trend. Many big brands are trying to use fantasy leagues to market their products. These global brands use fantasy sports for promotion mainly to target high-income customers in the age range of 25 to 50 years. This influx of advertisers is expected to continue over the next few years and promote market growth.

“Unilever launched its Dove men care fantasy football hub, which grants consumers exclusive access to fantasy football suggestions and advice from ESPN analysts. Also, Toyota purchased the advertising space to sponsor the Yahoo fantasy football league recaps,” says a senior analyst at Technavio.

Global fantasy sports market: Segmentation analysis

This market research report segments the global fantasy sports market by type (fantasy soccer, fantasy baseball, fantasy football, fantasy basketball, and other sports) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of more than 47%, followed by EMEA and APAC respectively. The dominance of the Americas can be attributed to the launch of various apps for fantasy sports and high internet penetration and increasing adoption of smartphones.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem
Market characteristics
Market segmentation analysis

Market Sizing

Market definition
Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison
Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario

About Technavio


is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181129005295/en/

CONTACT: Technavio Research

Jesse Maida

Media Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENTERTAINMENT ELECTRONIC GAMES OTHER SPORTS TECHNOLOGY INTERNET MOBILE ENTERTAINMENT SPORTS

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/29/2018 08:59 AM/DISC: 11/29/2018 08:59 AM

http://www.businesswire.com/news/home/20181129005295/en

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