Europe, APAC and LATAM Daily Fantasy Sports and In-Game Gambling Market Size By End User (Teens and Adults), And Forecast

Europe, APAC and LATAM Daily Fantasy Sports and In-Game Gambling Market Size And Forecast

Europe, APAC, And LATAM Daily Fantasy Sports and In-Game Gambling Market size was valued at USD 7,840.98 Million in 2020 and is projected to reach USD 22,580.25 Million by 2028, growing at a CAGR of 14.09% from 2021 to 2028.

Growth in digital infrastructure is fueling the market growth of the daily fantasy sports and in-game gambling market. A rising sporting event is expected to catalyze the growth of the daily fantasy sports and in-game gambling market. Europe, APAC, And LATAM report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Europe, APAC and LATAM Daily Fantasy Sports and In-Game Gambling Market Definition

A fantasy sport is a type of game, also known as rotisserie or roto in which players build fictional or virtual teams made up of proxies of real players in a professional sport. It is usually played online. These teams compete based on their players’ statistical performance in actual games. This performance is turned into points, which are collected and totaled depending on a roster selected by each fantasy club’s management. These point systems can be simple enough to be calculated manually by a “league commissioner” who monitors and manages the entire league, or they can be assembled and calculated by computers that monitor true professional sports results.

Europe, APAC and LATAM Daily Fantasy Sports and In-Game Gambling Market Overview

Growth in digital infrastructure is fueling the market growth of the daily fantasy sports and in-game gambling market. A rising sporting event is expected to catalyze the growth of the daily fantasy sports and in-game gambling market. Individuals and businesses alike are embracing the digital revolution. Digital devices and social networks are rapidly being utilized to promote engagement between government, businesses, civil society, and friends and family. Businesses are undergoing their own digital transformation initiatives, and as a result, they are better equipped to understand what customers value, as well as develop a stronghold on operating models and competitive differentiation opportunities. The growing number of sporting events throughout the world contributes significantly to the growth of the fantasy sports market. Furthermore, the desire to participate rather than just watch sports events has significantly increased. People nowadays are increasingly interested in participating in sports, demonstrating their gaming skills, and getting rewards for doing so. Fantasy sports, on the other hand, have proven to be a one-stop solution for bringing their fantasies to life because it is nearly impossible for them to enter the gaming arena of actual sports. As a result, the desire to participate in fantasy sports leads to increased involvement.

However, increasing traction of mobile video games and traditional esports are acted as restraining factors for the daily fantasy sports and in-game gambling market. Online video games pose a hindrance to the overall growth of the market. Advances in technology and easily available access to the internet have paved the way for the development of such games. Mobile video games have a higher adoption rate than online games among mobile internet users throughout the world. These users prefer playing online video games rather than playing daily fantasy sports, as such sports need to be closely monitored and tracked for longer durations. End-user adoption of daily fantasy sports and in-game gambling is restrained by these factors.

Furthermore, technological advancements in the market offerings lucrative growth opportunities. The number of daily fantasy sports viewers has risen as a result of several technological improvements. The development of cutting-edge daily fantasy sports platforms has made fantasy sports events more accessible to participants. People are more engaged when they have access to cutting-edge features such as accomplishment badges, loyalty programs, and so on. The availability of a variety of trustworthy streaming partners also contributes to the popularity of daily fantasy sports.

Europe, APAC and LATAM Daily Fantasy Sports and In-Game Gambling MarketSegmentation Analysis

Europe, APAC, And LATAM Daily Fantasy Sports and In-Game Gambling Market is segmented based on End User.

Europe Daily Fantasy Sports and In-Game Gambling Market, By End User

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Based on End Users, the market is bifurcated into Teens and Adults. Adults accounted for the largest market share in 2020 and are projected to grow at the highest CAGR of 13.88% during the forecast period. Teens were the second-largest market in 2020, and it is projected to grow in the forecasted year.

APAC Daily Fantasy Sports and In-Game Gambling Market, By End User

Based on End Users, the market is bifurcated into Teens and Adults. Adults accounted for the largest market share in 2020, with a market value, and is projected to grow at a CAGR of 15.03% during the forecast period. Teens were the second-largest market in 2020, it is projected to grow in forecasted years.

LATAM Daily Fantasy Sports and In-Game Gambling Market, By End User

To Get Summarized Market Report By End Users for LATAM-

On the basis of End Users, the LATAM Daily Fantasy Sports and In-Game Gambling Market is classified into Teens and Adults. Adults accounted for the largest market share in 2020, with a market projected to grow at the highest CAGR of 10.10% during the forecast period. Teens were the second-largest market in 2020, it is projected to grow in the forecasted period.

Key Players

The “Europe, APAC and LATAM Daily Fantasy Sports and In-Game Gambling Market” study report will provide valuable insight with an emphasis on the market. The major players in the market are DraftKings, Sportito, EA, Sony, Tencent, Betway Limited, Moneyball Daily Fantasy Sports, MyClubtap, Playon, Playup Limited, Scout Gaming, Superfanatico, Betiply, Duelo Futbol, FanTeam, Leadstar Media, Scout Gaming Group, Good Gamer Corp., Footstock, and Vinfotech.

Key Developments

• Electronic Arts Acquired Metalhead Software, Bringing a Talented Sports Development Team and Baseball Franchise to EA SPORTS.Electronic Arts Completed Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming

• Betway to sponsor German-based esports team Berlin International Gaming (BIG)

• DraftKings acquired Golden Nugget Online Gaming, an online gaming company.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which 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 of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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