IMARC Group's report titled "India Fantasy Sports Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the India fantasy sports market trends. The market size is expected to exhibit a growth rate (CAGR) of 40.14% during 2024-2032.
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Factors Affecting the Growth of the India Fantasy Sports Industry:
- Increasing Smartphone Penetration:
The rising penetration of smartphones across India is making it easier for a larger segment of the population to access fantasy sports platforms. Users can participate in fantasy sports anytime and anywhere, due to their mobile devices. Fantasy sports companies are developing user-friendly mobile applications, optimizing the experience for smartphone users. These apps offer a seamless interface, making it convenient for individuals to create teams, track scores, and manage their fantasy sports activities.
- Growing Sports Enthusiasm:
Cricket holds a special place in the hearts of Indians, and the fervor of the nation for the sport is unmatched. Fantasy cricket, in particular, benefits from this passion, as fans are eager to engage with their favorite sport on a deeper level by creating virtual teams. While cricket is dominating, the growing interest in other sports like football, kabaddi, and hockey is leading to the expansion of fantasy sports offerings in India. Enthusiasts can now participate in a wide range of fantasy sports leagues. In addition, fantasy sports offer fans a unique opportunity to become active participants rather than passive spectators.
- Innovative Features:
Fantasy sports platforms in India provide live updates and real-time statistics during matches. This feature keeps users engaged and informed about the performance of teams, enhancing the overall experience. Some platforms offer virtual gaming experiences, allowing users to create fantasy teams for virtual matches. This innovative feature extends the excitement beyond real-life sports events. Advanced player performance analytics and statistics are also available on these platforms.
Leading Companies Operating in the India Fantasy Sports Market:
- Dream Sports Group
- Mobile Premier League (MPL) (Galactus Funware Technology Private Limited)
- 11 Wickets.com (Ability Games Pvt. Ltd)
- BalleBaazi
- MyTeam11
- MyFab11
- Paytm First Games Pvt. Ltd.
- Fantasy Power 11
- Head Digital Works Pvt Ltd.
India Fantasy Sports Market Report Segmentation:
By Sports Type:
- Cricket
- Football
- Others
Cricket represented the largest segment due to the unparalleled popularity of cricket in India, with millions of passionate fans eager to participate in fantasy cricket leagues.
By Platform:
- Website
- Mobile Application
Mobile application accounted for the largest market share on account of the widespread use of smartphones in India, making it convenient for users to access and engage with fantasy sports platforms through mobile apps.
By Demographics:
- Under 25 Years
- 25-40 Years
- Above 40 Years
Under 25 years exhibits a clear dominance in the market as this age group is more tech-savvy, enthusiastic about sports, and readily embraces new digital experiences like fantasy sports.
Regional Insights:
- North India
- West and Central India
- South India
- East India
North India enjoys the leading position in the India fantasy sports market on account of the strong cricket culture in states like Punjab, Haryana, and Uttar Pradesh.
India Fantasy Sports Market Trends:
The rising number of participants and increasing market value is propelling the growth of the market in India. While cricket remains a dominant segment, there is a growing interest in fantasy sports for other sports like football, kabaddi, and basketball, leading to a more diversified market.
Note: 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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