Research has proved that Fantasy sports players will cross 150 million by 2022. There are millions of sports lovers who have take to fantasy sports globally. This number is going to accelerate in the near future. This is due to the launch of ‘user-friendly’ fantasy sports application.
What are Fantasy Sports?
Fantasy sports, also known as roto or rotisserie sports are different games that allow a player to play this game virtually. This is also a virtual season of any league. The teams compete in accordance to the actual game but statistically.
Market Trends of Fantasy Sports
In the Fantasy sports market, artificial intelligence (AI) is the key trend This helps the player to focus on specific decisions that matter, like which players to trade and whom to start with.
AI is the computer’s capacity to do those activities that involve human discernment and intelligence. Most of the players operating in this sector of fantasy sports focus on this technology of AI for reducing any complexities in the trading of fantasy sports.
Global Market Segments of Fantasy Sports
The fantasy sport market globally, is segmented based on the platform, type of sports, application, usage type and also geography.
- Sports Type:
This includes Basketball, Baseball, Football, Cricket, Hockey and others.
- Usage Type:
This includes Hybrid, Free or paid.
- Platform:
This includes Mobile Application, Website
- Geography:
The fantasy sports market is segmented into South America, North America, Eastern Europe, Asia Pacific, Western Europe, Africa and the Middle East.
- Application:
Team Competition or Individual Competition
Drivers of Online Fantasy Sports Market
1. Internet Penetration, 5G and Smart Phones
The smartphone growth and the rising internet penetration globally will boost the market demand for fantasy sports online. 5G, the next generation technology, will enhance the experience of gaming.
2. User-friendly Apps
The applications of fantasy sports offer enhanced and rich gaming interface. This allows the players to create private leagues and track the individual player and also the performance on the very day of the ‘live’ match.
3. Brand Promotion and Fantasy Apps
Many brands of fantasy gaming concentrate on the league match for the marketing of their products. Strategies for promotional marketing create space for advertising, contests for the hub member and hubs for the premium access. Gaming brands globally, use the apps of fantasy sports for brand promotion to target users of high-income between the age of 20 to 50 years.
Fanspel is one such gaming platform that offers you the thrill of different ports like Football, Baseball, Basketball and also Cricket. You have the freedom to create your own digital team with the actual players in the real time games.
Each and every transaction on this gaming platform is cryptocurrency.
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