Custom Market Insights has published a new research report titled “India Fantasy Sports Market Size, Trends and Insights By Sports Type (Cricket, Football, and Others), By Platform (Website and Mobile Application), By Demographics (Under 25 Years, 25-40 Years, and Above 40 Years), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2030” in its research database.
“According to the latest research study, the demand of India Fantasy Sports Market size & share was valued at approximately USD 25.44 Billion in 2022 and is expected to reach USD 28.98 Billion in 2023 and is expected to reach a value of around USD 72.06 Billion by 2030, at a compound annual growth rate (CAGR) of about 13.9% during the forecast period 2022 to 2030.”
The CMI Intelligence Team reports that the increasing number of annual sports events and leagues, such as the IPL T20, Vivo Pro Kabaddi League, and ICC Cricket World Cup, along with the rising popularity of various media channels, such as YouTube channels, vlogs, TV shows, blogs, and forums, where experts analyze upcoming trends related to fantasy sports is significant.
India Fantasy Sports Market: Dynamics
The India fantasy sports market has seen significant growth in recent years, with several factors driving the market dynamics.
Here are some of the key dynamics impacting the market:
- Increasing the Internet and smartphone penetration: The proliferation of smartphones and the availability of affordable Internet services have led to the widespread adoption of fantasy sports in India. The increased accessibility of digital platforms has made it easier for users to participate in fantasy sports, leading to a rise in the number of users.
- The popularity of cricket: Cricket is the most popular sport in India, and it has a significant fan base, which has translated into the growth of fantasy sports in the country. Fantasy cricket is the most popular category of fantasy sports in India, and it accounts for a significant share of the overall market.
- Rise in disposable income: With a rise in disposable income, there has been an increase in discretionary spending on entertainment and leisure activities, including fantasy sports. Users are willing to spend money on in-app purchases, subscription fees, and other features offered by fantasy sports platforms.
- Partnership with sports leagues: Fantasy sports platforms have partnered with major sports leagues, such as the Indian Premier League (IPL) and the Pro Kabaddi League, to gain visibility and reach a wider audience. These partnerships have also helped to increase user engagement and participation.
- Legalization and regulation: The Indian government has legalized and regulated fantasy sports, which has brought more transparency and legitimacy to the industry. This has helped to build trust among users and has led to a rise in the number of users and investments in the industry.
In conclusion, the India fantasy sports market has been driven by various factors, including the increasing internet and smartphone penetration, the popularity of cricket, the rise in disposable income, partnerships with sports leagues, and legalization and regulation. The market is expected to continue growing in the coming years, with new players entering the market and existing players investing in new features and services to engage users.
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the India Fantasy Sports report has been modified to include the COVID-19 impact study prior to delivery.)
|Feature of the Report||Details|
|Market Size in 2023||USD 28.98 Billion|
|Projected Market Size in 2030||USD 72.06 Billion|
|Market Size in 2022||USD 25.44 Billion|
|CAGR Growth Rate||13.9% CAGR|
|Key Segment||By Sports Type, Platform, Demographics, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North India, West and Central India, South India, East India|
|Buying Options||Request tailored purchasing options to fulfil your requirements for research.|
India Fantasy Sports Market: COVID-19 Analysis
The COVID-19 pandemic had a mixed impact on the India fantasy sports market. While the pandemic led to the cancellation or postponement of several sports events, including the Indian Premier League (IPL) and the Indian Super League (ISL), it also led to an increase in the adoption of fantasy sports as a form of entertainment among users stuck at home. Here are some of the key impacts of the COVID-19 pandemic on the India fantasy sports market:
- A temporary decline in revenue: The cancellation or postponement of major sports events, such as the IPL and the ISL, led to a temporary decline in revenue for fantasy sports platforms. These platforms rely heavily on these events to attract users and generate revenue through sponsorships and advertising.
- Increase in user engagement: With people staying at home due to lockdowns and social distancing measures, fantasy sports became a popular form of entertainment. Users were able to connect with other users online and participate in fantasy sports leagues, providing a sense of community and social interaction during a time of isolation.
- Shift in user Behavior: The COVID-19 pandemic led to a shift in user behavior, with users spending more time on digital platforms. This led to an increase in user acquisition for fantasy sports platforms as they could reach a wider audience.
- Return of sports events: The resumption of sports events, albeit with restrictions and safety protocols, led to a gradual recovery in the India fantasy sports market. The IPL and the ISL were both held successfully in 2020, and this helped to boost the revenue and engagement for fantasy sports platforms.
Key questions answered in this report:
- What is the size of the India Fantasy Sports market and what is its expected growth rate?
- What are the primary driving factors that push the India Fantasy Sports market forward?
- What are the India Fantasy Sports Industry’s top companies?
- What are the different categories that the India Fantasy Sports Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the India Fantasy Sports market sample report and company profiles?
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
List of the prominent players in the India Fantasy Sports Market:
- Dream11 (Dream Sports Group)
- Mobile Premier League (MPL) (Galactus Funware Technology Private Limited)
- 11 Wickets.com (Ability Games Pvt. Ltd)
- Paytm First Games Pvt. Ltd.
- Head Digital Works Pvt Ltd.
- Fantasy Power 11
- Sports Junki
- Fancy 11
- Vision11 Private Limited
- CrickPe (Third Unicorn Private Limited)
(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)
Key Market Segmentation:
CMI Team provides an analysis of the key trends in each sub-segment of the India fantasy sports market report, along with forecasts at the country and regional level from 2023-2030. Our report has categorized the market based on sports type, platform, and demographics.
By Sports Type:
- Under 25 Years
- 25-40 Years
- North India
- West and Central India
- South India
- East India
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This India Fantasy Sports Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for India Fantasy Sports? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Key Players in This India Fantasy Sports Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Market Status of the India Fantasy Sports Market? What Was the Capacity, Production Value, Cost and PROFIT of the India Fantasy Sports Market?
- What Is the Current Market Status of the India Fantasy Sports Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of India Fantasy Sports Market by Considering Applications and Types?
- What Are Projections of the India Fantasy Sports Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is India Fantasy Sports Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On India Fantasy Sports Industry? What are Macroeconomic Environment Analysis Results? What Are Macroeconomic Environment Development Trends?
- What Are Market Dynamics of India Fantasy Sports Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for India Fantasy Sports Industry?
Reasons to Purchase India Fantasy Sports Market Report
- India Fantasy Sports Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- India Fantasy Sports Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- India Fantasy Sports Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- India Fantasy Sports Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the India Fantasy Sports market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide India Fantasy Sports market analysis.
- The competitive environment of current and potential participants in the India Fantasy Sports market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide India Fantasy Sports market should find this report useful. The research will be useful to all market participants in the India Fantasy Sports industry.
- Managers in the India Fantasy Sports sector are interested in publishing up-to-date and projected data about the worldwide India Fantasy Sports market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in India Fantasy Sports products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.