India Fantasy Sports Market Size is Predicted To Grow at a CAGR of 40.14% by 2032

Written by Tushar Imarc » Updated on: October 01st, 2024

IMARC Group, a leading market research company, has recently releases report titled “India Fantasy Sports Market Report by Sports Type (Cricket, Football, and Others), Platform (Website, Mobile Application), Demographics (Under 25 Years, 25-40 Years, Above 40 Years), and Region 2024-2032”. The India fantasy sports market size is expected to exhibit a growth rate (CAGR) of 40.14% during 2024-2032.

The India fantasy sports market is evolving rapidly, owing to the growing usage of smartphones and affordable internet connections. Besides this, user participation on fantasy sports platforms has increased dramatically because of the rising popularity of major sports tournaments like the Pro Kabaddi League (PKL) and the Indian Premier League (IPL).

Additionally, the growing inclination towards online gaming and the integration of advanced technologies such as AI and blockchain are enhancing the user experience, further propelling the expansion of the India fantasy sports market. Moreover, the regulatory environment is also evolving, with the government recognizing fantasy sports as a game of skill, which has encouraged users to participate and invest in these platforms.

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India Fantasy Sports Market Trends:

The increasing investments by venture capitalists and the entry of global players into the India fantasy sports market are fueling competition and innovation. Furthermore, companies are focusing on developing user-friendly interfaces and offering diverse gaming options to attract and retain users. Besides this, the use of celebrity endorsements and strategic partnerships with sports leagues and teams is also driving market expansion.

In addition, the growing awareness of fantasy sports through social media and digital marketing campaigns is contributing to the rapid expansion of the market. As the market matures, there is a noticeable shift towards more sophisticated and niche sports segments, broadening the scope and potential of the market. Apart from this, the India fantasy sports market is poised for significant growth, driven by technological advancements, strategic collaborations, and a favorable regulatory landscape.

India Fantasy Sports Market Segmentation:

Breakup by Sports Type:

• Cricket

• Football

• Others

Breakup by Platform:

• Website

• Mobile Application

Breakup by Demographics:

• Under 25 Years

• 25-40 Years

• Above 40 Years

Breakup by Region:

• North India

• West and Central India

• South India

• East India

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Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• Value Chain Analysis

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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