• COVID-19 and its impact on live sports have steered FSPs and users to explore alternative sports globally, such as baseball.
• As the younger generation in India is becoming more tech-savvy, Apps are expected to be the most preferred mode of engagement for many FS users.
• With the increasing number of females in sports, the female population is expected to rise, whereas, the male population is expected to dominate the market with a ~70% share.

Growth of Indian Fantasy Sports business: The development of sports infrastructure and the popularity of sporting leagues nationwide are also anticipated to contribute to the expansion of the Indian FS business. Along with other important environmental reasons, such as greater media digitization, streamlined digital payment platforms, rising smartphone adoption rates, and considerable global expenditures in high-speed internet infrastructure, these factors also contribute to this expansion. Also, investments in the sports sector will increase the viewership of the event, which will boost sports enthusiasts’ participation in FS competitions.

Growing Younger Population and Higher Disposable Incomes: The majority of platforms offer free-to-play versions of the game so that users can practice and become accustomed to the system. This promotes competition and ensures fair play. The headway in monthly spending of customers is due to the growing younger population, higher disposable incomes, introduction of new gaming genres, increasing number of smartphone and tablet users, and high internet penetration rate. With several conducive factors, including superior infrastructure and skilled workforce, tier-II and III cities have emerged as new loci of growth recently.

Digitization in India and Increased Trust in Digital Payments: The development of numerous payment platforms supported by UPI gave the assistance that was sorely needed. Today, only secure and trusted digital payment gateways are used for all transactions on Fantasy Sports sites. Even the idea of a connected fan has led to more value chain participants, such as leagues, players, sponsors, and media, getting more involved, which has helped the Fantasy Sports sector flourish as a whole.

Analysts at Ken Research in their latest publication “India Fantasy Sports Market Outlook to FY’2027F Driven by Rising Youth Population, Higher Disposable Income, Inexpensive Internet Data, Introduction of New Gaming Genres, and Increasing Number of Smartphone and Tablet Users” by Ken Research observed the potential of the Fantasy Market in India. The rise in the Young Population and High Disposable Income, the Low-Cost Internet Data and Growing Smartphone & Tablet Users and New Product Offerings is expected to contribute to the market growth over the forecast period. The India Sports Fantasy Market is expected to grow at 38.4% CAGR over the forecasted period FY’2022-FY’2027F.

Key Segments Covered

India Fantasy Sports Market

By Sports Offered

Cricket

Hockey

Football

Basketball

Baseball

Others (Kabaddi, Volleyball, Handball, Rugby, etc.)

By Monthly Spend

Nil

0-100 INR

101-300 INR

301-500 INR

501-1000 INR

>1000 INR

By Regional Contribution

Metropolitan Cities (Tier 1)

Tier 2 & 3 Cities

By Age:

18-24 Years

25-36 Years

37-45 Years

46-60 Years

>60 Years

Request For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTQ1

By Gender

Male

Female

By Mode of Engagement

Desktop

Mobile Website

Apps

By Frequency of Engagement

Once a Week

2-3 Times a Week

4-5 Times a Week

>5 Times a Week

Key Target Audience

Fantasy Sports Companies aiming to establish in India

Fantasy Sports Industries

Government Bodies & Regulating Authorities

Online Game Industry

E-Sports industry

Advertising Agency

E-Sports users

Industry Associations

Time Period Captured in the Report

Historical Year: FY’2017 – FY’2021

Base Year: FY’2022

Forecast Period: FY’2022 – FY’2027F

Companies Covered

Fantasy Sports Companies

11 Wickets

Ballebazzi

CricPlay

Dream 11

 Faboom

Fan Mojo

Fan Fight Cricket Fantasy App

Fantain

Fantasy Power 11

Fun2Play

Gamezy

GoSuper11

HalaPlay

Howzat

Khel Champs

LeagueX

Mobile Premier League Fantasy Cricket

My 11 Circle

My Fab 11

My Team 11

Nostra Pro

Paytm First Games

Playerzpot

Real 11

Rooter

Sport 11

Starpick

For more insights on the market intelligence, refer to the link below:-

India Fantasy Sports Market

The post The Fantasy Sports market is expected to witness ~650Mn Active User registrations by FY’2027F owing to the Growing popularity of Sports Leagues and Reaffirmation of the legality of the Fantasy Sports format in India: Ken Research appeared first on Research News Today.