Asia-Pacific and Canada Fantasy Sports Market 2021-2027: A Growing Market, Expected to Reach $ 3,739.8 Million by 2027 – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD) – The report “Asia-Pacific and Canada Fantasy Sports Market by Sport Type, Platform and Demographics: Regional Opportunity Analysis and Industry Forecast, 2021-2027” has been added to ResearchAndMarkets.com offer.
The Asia-Pacific and Canada fantasy sports market was valued at $ 2,021.9 million in 2019 and is expected to reach $ 3,739.8 million by 2027, growing at a CAGR of 10, 7% from 2021 to 2027.
Some of the major players in this segment, such as DraftKings, FanDuel, and PlayUp, have partnered with official sports leagues such as the National Football League (NFL) and Major League Baseball (MLB) as a fantastic sporting partner. In addition, these players ensure full transparency to their clients about their financial transactions.
All financial transactions on the fantastic sports platforms are secured with verified payment gateways, thus boosting users’ confidence to spend on prediction games online. Additionally, DraftKings Inc. and Major League Baseball have announced a multi-year expansion of the league’s exclusive and official partner Daily Fantasy Sports. Such partnerships are expected to accelerate promotions and advertising from fantastic sports platforms globally, including Canada and Australia.
The outbreak of the COVID-19 pandemic has led to an economic crisis around the world. The implementation of the restrictions and the cancellation of the big sports leagues are expected to present major challenges for the involved stakeholders. In addition, ambiguous and complicated regulatory frameworks for fantasy sports platforms challenge the growth of the market.
The transforming online gaming industry is driving the adoption of technologies such as facial recognition, cloud-based technology, and blockchain technology for efficient operations. With the incorporation of secure payment gateways, user-friendly interface, blockchain-based applications, and fantastic chatbots, the fantasy sports industry has seen huge strides in terms of revenue generation, customer satisfaction. and operational efficiency. The incorporation of these technologies is expected to continue to provide a lucrative opportunity for stakeholders engaged in the fantasy sports market in Asia-Pacific and Canada to better manage users as well as key operations.
In addition, increased investments in fantasy sports platforms and fantasy sports platform partnerships with sports leagues have mainly driven the growth of fantasy sports market in Asia-Pacific and Canada. However, the lack of awareness of fantastic sports platforms among the gaming audience is likely to hamper the growth of the market.
The major players operating in the fantasy sports market in Asia Pacific and Canada are DraftKings Inc., FanDuel Group (Flutter Entertainment), Betway Group, Moneyball, FantasyDraft, LLC, MyClubtap, PlayOn and PlayUp Limited.
Main advantages of the report:
The report provides in-depth analysis of current and emerging trends and opportunities in the market.
The report provides detailed qualitative and quantitative analyzes of current trends and future estimates, which helps to understand existing market opportunities.
A comprehensive analysis of the factors that drive and limit the growth of the market is provided in the study.
Thorough market analysis is carried out by tracking the positioning of key products and monitoring the major competitors within the framework of the market.
The report provides detailed qualitative information on potential and niche segments.
Main topics covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Main conclusions
2.2. Director General’s point of view
CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Porter’s Five Forces Analysis
3.3. Impact of COVID-19 on the fantasy sports market in Asia-Pacific and Canada
3.4. Market dynamics
126.96.36.199. Increased investment in fantasy sports platforms
188.8.131.52. Fantasy sports platform partnerships with sports leagues
184.108.40.206. Transparency of monetary transactions
220.127.116.11. Lack of awareness of fantastic sports platforms among the gamer audience
18.104.22.168. Potential threat of substitutes
22.214.171.124. Early adoption of advanced technologies to create new growth avenues for the fantasy sports industry.
126.96.36.199. Support social media infrastructure and platforms accelerating market growth
CHAPTER 4: ASIA-PACIFIC AND CANADIAN FANTASTIC SPORTS MARKET, BY TYPE OF SPORT
CHAPTER 5: ASIA-PACIFIC AND CANADIAN FANTASTIC SPORTS MARKET, BY PLATFORM
CHAPTER 6: FANTASTIC SPORTS MARKET IN ASIA-PACIFIC AND CANADA, BY DEMOGRAPHY
CHAPTER 7: ASIA-PACIFIC AND CANADIAN FANTASTIC SPORTS MARKET, BY COUNTRY
CHAPTER 8: LANDSCAPE OF COMPETITION
8.1. Better player positioning
8.2. The best winning strategies
8.3. Sports mapping
8.4. Competitive scoreboard
8.5. Competitive heat map
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1. BETWAY LIMITED
9.2. DRAFTKINGS INC.
9.3. FANDUEL GROUP
9.4. FANTASYDRAFT, LLC
9.5. MONEYBALL DAILY FANTASY SPORTS
9.7. PLAY ON
9.8. LIMITED GAME.
For more information on this report, visit https://www.researchandmarkets.com/r/3dgmse
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