Global Fantasy Sports Market 2016-2020
About Fantasy Sports
Fantasy sports is a type of online game where participants assemble virtual teams of professional players of a particular sport. Such teams then compete based on their actual statistical performances in the actual games being played by them. Based on this performance of the chosen players of the fantasy team, the points for the team are compiled and totaled. The point system for fantasy leagues are calculated by a league commissioner, or may also be calculated by tracking actual results of the professional sport.
Technavio’s analysts forecast the global fantasy sport to grow at a CAGR of 10.16% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global thoracic surgery market for 2016-2020. To calculate the market size, the report considers the revenue generated from the league fee paid by end-users to participate in fantasy sports events.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fantasy Sports Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Fantasy Sports Market: CBS, DraftKings, ESPN, FanDuel, and Yahoo
Other Prominent Vendors in the market are: Ballr, Bovada, FantasyAces, and Fantrax
Commenting on the report, an analyst from Technavio’s team said: “Initially, the professional league industry was highly conservative regarding DFS activities. However, the industry has a much more liberal and accepting view today. Earlier, league authorities dismissed the advent of daily fantasy leagues, pointing out that such activities would lead to players being exploited as assets, rather than being looked upon for their skills on the field. However, with the larger acceptance of the medium among the populace, we see that professional leagues have now made way for several pro league and daily fantasy partnerships.”
According to the report, the medium allows individuals to exercise direct control over the operations of their fantasy sports team. They also provide the individual with the chance to live vicariously as general managers, franchise owners, or coaches of their own team or teams by structuring and drafting the team. They also have the liberty to structure the team in a manner where they can start and organize rosters of athletes playing for them. In addition, playing fantasy sports creates a competitive experience among friends and fellow fantasy sports enthusiasts. The medium also enables sharing of knowledge and expertise. These games also provide a platform for end-users to interact with their friends and colleagues while engaging in their favorite leisure activity.
Further, the report states that in many countries, including Brazil, fantasy sports are considered to be a new form of gambling. The success of any fantasy sports team depends both on performance and luck. Vendors maintain that fantasy sports are games of skill and do not involve gambling. Therefore, these games do not face the same kind of restrictions faced by online gambling.
CBS, DraftKings, ESPN, FanDuel, Yahoo, Ballr, Bovada, FantasyAces, Fantrax.