Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027.
A fantasy sport which is also known as roto or rotisserie is a type of online prediction game, where participants set up virtual teams consist of proxies of real players to play virtual season of professional sport such as football, hockey, basketball, baseball and others. Fantasy sports applications provides mock drafts, advanced features, enhanced gaming interface to the players, allowing them to join & create private leagues and also enables players to track individual performance as well as players ranking of a live match. Millions of sports fans worldwide are increasingly engaging in fantasy sports which is expected to further increase rapidly during the forecast period. This is attributable to the launch of user-friendly fantasy gaming applications and rising internet penetration across Asia pacific region. Thus, increasing smartphone and internet penetration across the region are anticipated to propel market demand for online fantasy sports. Additionally, advancement in technologies enhancing the real-time playing experience of fantasy gaming is likely to bolster the growth of the Asia-Pacific & Canada fantasy sports market.
The growth of the Asia-Pacific & Canada fantasy sports market is attributed to increase in investment in fantasy sports platforms. Furthermore, partnership of sports fantasy platforms with sports leagues fuels the demand for Asia-Pacific & Canada fantasy sports market. For instance, DraftKings Inc. and Major League Baseball announced a multi-year extension of Exclusive and official Daily Fantasy Sports Partner of the League. Moreover, Players operating in Asia-Pacific & Canada fantasy sports market offer complete transparency to customers in terms of monetary transactions. All financial transactions on sports fantasy platforms are secured with verified payment gateways, thus building confidence among users. However, lack of awareness about fantasy sports among gaming audience is dissuading market expansion. In addition to this, the easy access of substitutes of the fantasy sports such as online poker, casions and others is further hampering the market growth. Nevertheless, early adoption of advanced technologies and supporting infrastructure along with social media platforms are likely to offer immense opportunities for the growth of the Asia-Pacific & Canada fantasy sports market during the forecast period.
Asia-Pacific & Canada fantasy sports market is segmented into sports type, platform, demographics, and country. By sports type, the market is classified into football, baseball, basketball, hockey, cricket, and others. Depending on platform, it is bifurcated into website and mobile application. On the basis of demographics, it is fragmented into under 25 years, 25–40 years, and above 40 years. Country wise, the market is analyzed across Canada, Australia, Singapore, and the Philippines.
On the basis of sports type, the basketball segment dominated the Asia-Pacific & Canada fantasy sports market share in 2019, and is anticipated to continue this trend during the forecast period. However, the others segment is expected to grow at a highest CAGR during the forecast period.
By Sports Type
The basketball segment dominates the Asia-Pacific & Canada fantasy sports market and is expected to retain its dominance throughout the forecast period.
Depending on demographic, the under 25–40 years segment was the highest contributor to the market in 2019 and is expected to remain dominant through 2021–2027. However, the under 25 years segment is anticipated to exhibit significant CAGR in the coming years.
By Platform
The Mobile Application segment dominates the Asia-Pacific & Canada fantasy sports market and is expected to retain its dominance throughout the forecast period.
On the basis of platform, the mobile application segment dominated the market in 2019, and is also anticipated to be the fastest growing segment during the Asia-Pacific & Canada fantasy sports market forecast period.
By Demographic
The 25-40 Years segment dominates the Asia-Pacific & Canada fantasy sports market and is expected to retain its dominance throughout the forecast period.
Country wise, Canada led the market in 2019, and is anticipated to dominate in the near future. However, The Philippines is expected to witness a notable growth in terms of value sales in the coming future.
By Country
The Canada dominates the Asia-Pacific & Canada fantasy sports market and is expected to retain its dominance throughout the forecast period.
The key players operating in Asia-Pacific & Canada fantasy sports market focus on prominent strategies such as product launch, agreement, partnership and business expansion to overcome competition and maintain as well as improve their share worldwide.
Some of the major players in the operating in Asia-Pacific & Canada fantasy sports market include DraftKings Inc., FanDuel Group (Flutter Entertainment), Betway Group, Moneyball, FantasyDraft, LLC , MyClubtap , PlayOn, and PlayUp Limited.
Covid-19 Impact Analysis
- Disruption in growth of the Asia-Pacific & Canada fantasy sports market in 2020 is attributed to the COVID-19 outbreak.
- Due to covid 19 pandemic many sports events were postponed or cancelled during the outbreak. This has created challenges for the smooth operation of Asia-Pacific & Canada fantasy sport industry contributing in restricting the growth of the market.
- The duration of the virus outbreak remains a key factor in assessing the overall impact of the pandemic, however, the industry is likely to stabilize in the year 2021.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging Asia-Pacific & Canada fantasy sports market trends and opportunities.
- The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing Asia-Pacific & Canada fantasy sports market opportunities in the market.
- The Asia-Pacific & Canada fantasy sports market forecast is offered along with information related to key drivers, restraints, and opportunities.
- The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Asia-Pacific & Canada Fantasy Sports Market Report Highlights
| Aspects | Details |
 By Sports Type |
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 By PLATFORM |
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 By Demographic |
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 By Country |
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 Key Market Players | BETWAY LIMITED, FANDUEL GROUP, FANTASYDRAFT, LLC, DRAFTKINGS INC., PLAYON, MONEYBALL DAILY FANTASY SPORTS, PLAYUP LIMITED., .MYCLUBTAP |
Analyst Review
Based on the insights of various CXOs of leading companies, sports have undergone a massive digital disruption, as fantasy sports platforms have gained a huge traction in the last two decades. Fanduel and Draftkings have emerged as the leading players in the industry with millions of players using their platforms.
Furthermore, fantasy sports have positively impacted the value of television rights contracts, particularly for American sports, as fantasy sports have boosted advertising and television viewership. However, the outbreak of the coronavirus pandemic has profoundly impacted the thriving market across Canada, Australia, Singapore, and the Philippines. With limited number of real sports being played, engaged stakeholders in the industry are betting on quizzes along with expanding sports portfolio to sustain in the highly competitive market.
On the contrary, the CXOs further added that the industry will continue to flourish post the COVID-19 pandemic. In addition, advancements toward legalizing and regulations of sports fantasy platforms across the continents will provide impetus to the growing market.
Based on the insights of various CXOs of leading companies, sports have undergone a massive digital disruption, as fantasy sports platforms have gained a huge traction in the last two decades. Fanduel and Draftkings have emerged as the leading players in the industry with millions of players using their platforms.
Furthermore, fantasy sports have positively impacted the value of television rights contracts, particularly for American sports, as fantasy sports have boosted advertising and television viewership. However, the outbreak of the coronavirus pandemic has profoundly impacted the thriving market across Canada, Australia, Singapore, and the Philippines. With limited number of real sports being played, engaged stakeholders in the industry are betting on quizzes along with expanding sports portfolio to sustain in the highly competitive market.
On the contrary, the CXOs further added that the industry will continue to flourish post the COVID-19 pandemic. In addition, advancements toward legalizing and regulations of sports fantasy platforms across the continents will provide impetus to the growing market.
Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019.
The top key players operating in Asia-Pacific & Canada fantasy sports market include DraftKings Inc., FanDuel Group (Flutter Entertainment), Betway Group, Moneyball, FantasyDraft, LLC, MyClubtap , PlayOn, and PlayUp Limited.
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Asia-Pacific & Canada fantasy sports market is segmented into sports type, platform, demographics, and country.
Asia-Pacific & Canada fantasy sports market is likely to grow at a CAGR of 10.7% from 2021 to 2027.
The forecast period of the Asia-Pacific & Canada fantasy sports market is considered from the year 2021 to 2027.
Canada market holds the maximum market share of the Asia-Pacific & Canada Fantasy Sports Market.
Due to covid 19 pandemic many sports events were postponed or cancelled during the outbreak. This has created challenges for the smooth operation of Asia -Pacific & Canada fantasy sport industry thereby, restricting the growth of the market.
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